· Saturday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Bessent-Put Fully Unwinds: 10Y Back at 4.74% and 30Y at 5.27% as Breakevens Jump to Two-Month Highs on the "Inflationary" Read of Treasury Buybacks; Dollar Breaks 99 to a Three-Month Low and Gold Clears $4,600; All Eyes on Warsh's Undecided Jackson Hole Debut Friday
The Bessent-put relief has fully reversed — the 10Y is back at 4.74% (highest in over a year) and the 30Y at 5.27%, while breakevens jumped ~6–7bp on the buyback news as markets read it "inflationary" ; the dollar broke below 99 and gold cleared $4,600 for a third straight weekly gain , and Warsh's Jackson Hole debut Friday — with the Chair undecided on whether to give September–December path guidance — is now the arbiter .
Hormuz: Sanctions "D-Day" Scheduled for Monday; Iran Claims "Complete Control" of Gulf of Oman, Grants Iraqi Tanker Passages; Dark Shipping Keeps Flows >6 mb/d
Escalating on the economic front — Bessent's "toughest sanctions in history" are scheduled for Monday 8/24 14:00 ET, Iran counters with a dual threat/diplomacy message and a promised "historic lesson" at sea, visible Hormuz transits fell to 4 ships Thursday while dark shipping held total flows near 6 mb/d .