· Friday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
PPI Below Consensus Cuts September Hike Odds to ~One-Third and Unprices 2026 Tightening, but the 30-Year Still Clears at a 25-Year-High Yield as Real Yields Near 18-Year Peaks — Front-End Easing vs Long-End Real-Rate Split
A second straight soft inflation print — July PPI below expectations on top of an in-line CPI — has cut September hike odds to roughly one-third and unpriced a full 2026 hike while taking stocks to a record, yet the 30-year auction still cleared at a 25-year-high yield and 30-year real yields sit near 18-year peaks: a dovish front-end repricing running into a real-rate/supply wall .
Hormuz: UAE Blames Iran for Drone Attack on Two ADNOC Tankers; US Threatens Indefinite Blockade; Diesel Cracks at Record; Brent ~$88
Escalating on the water and in US posture: the UAE blames Iran for a drone attack on two ADNOC tankers in Hormuz , Washington threatens an indefinite naval blockade plus "never seen" economic-isolation measures , and the shock is erupting in products rather than crude — US diesel cracks hit a record >$97/bbl — while Brent bounces to $87.91 (+0.96%) after a >2% Thursday retreat .