Financial Markets
Oil Blinks, Delta Pays the Bill: Trump’s Iran Pause Cools Brent as Fuel Cuts the Airline’s Outlook
President Trump says talks with Iran are “productive” and that the US will not strike before the November 3 midterms. Brent is down about 1.3% to near $103 and...
The Auction Cleared, Oil Didn’t: Brent Tops $105 on Iran Strike Reports Into the 30-Year Sale
Wednesday’s $39B 10-year auction drew the strongest foreign demand in years and pulled yields off their 2002-era high. Overnight, reports that the Pentagon has...
The Long Bond Takes Back Tuesday: 30-Year at 5.72% Into the 10-Year Auction and Fed Minutes
Tuesday's record close lasted one night. The 30-year Treasury is back at 5.72%, its highest since 2002, as Brent holds above $101 and Iran restates its terms...
Nasdaq Record, 30-Year at 5.67%: The Market Pays the Target and Punishes the Buyer
Monday's Nasdaq closed at a record 27,477.31 while the 10-year Treasury hit 5.315% and the 30-year 5.670%, fresh 24-year highs. The deal tape sent a sharper...
Front End Bought the Miss, the Long Bond Didn't: Schneider Pays $22.6B for PTC
Friday's 29,000 payrolls print collapsed October-hike odds to roughly 22%, yet the 10-year Treasury still closed up 4 basis points at 5.28% and the 30-year...
Payrolls Crater to 29,000: A Rates Relief Rally Collides With Nike's Rout
September nonfarm payrolls came in at just 29,000, a massive miss against the 84,000 consensus, and the unemployment rate ticked up to 4.2%. Treasury yields,...
The Vise Snaps Shut: Yields Hit a 2002 High Even as Micron Blows Past Estimates
The 30-year Treasury yield touched 5.60%, its highest since 2002, and the 10-year sits near 5.28–5.29%, a fresh multi-decade high, even after Wednesday’s...
AI's $7 Trillion Infrastructure Boom Is Sitting on a $40 Trillion Financial Fault Line
This could become the defining macroeconomic tension of the decade. The United States is building AI infrastructure at a historic pace. Data centers, power...
Trump Calls Iran “Totally Defeated” for What May Be the Tenth Time Since March, and Oil Doesn't Believe Him
Brent crude topped $92 and the 10-year Treasury yield climbed to 4.75% as September opens with the Dow, S&P, and Nasdaq futures all lower. Trump repeated a...