· Tuesday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
30Y Tops 5.3% — Highest Since 2007 — as the Bond Rout Goes Global; SF Fed's Neutral-Rate Research Calls Policy "Accommodative" vs the FOMC's Restrictive Read, Wells Fargo Flips to a Hike Call, Stocks Slip Ahead of Wednesday's Minutes
The 30-year Treasury broke above 5.3% — its highest since 2007 — as a deficit/AI-supply-driven bond rout went global, the SF Fed's ~1.5% medium-run neutral-rate research branded current policy "accommodative" against the FOMC's restrictive read, Wells Fargo flipped to a 25bp hike call, and equities slipped ahead of Wednesday's minutes .
Hormuz: MOU Expires With No Extension; Iran Threatens Offense, Seizes UAE Tanker; Trump Threatens to Bomb Oman; Brent Tops $90
Escalation after the 60-day MOU expired without extension: Iran rules out further talks, threatens a "fully offensive" posture and seized a UAE-owned tanker, a vessel was struck in Hormuz with a crew casualty, Trump threatened to bomb Oman — and Brent broke above $90 for the first time since 30 July, trading at $91.63 Tuesday morning .