· Saturday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Hammack frames the long-end surge as growth, debt and hike expectations — not lost disinflation credibility; the 30-year tops 5.5%
Cleveland Fed President Beth Hammack attributed the Treasury selloff to a stronger growth outlook, government-debt concerns and expectations of further hikes rather than lost confidence in disinflation, said she does not see policy restraining activity outside housing, and named an "inflation mindset" as the biggest inflation risk — as the 30-year broke above 5.5% and the MOVE index headed for its biggest weekly jump in more than a year .
Iran goes on record with a seven-day Hormuz reopening plan as WSJ reports Trump rejected it
Iran publicly detailed, for the first time on the record, a seven-day plan to reopen the Strait of Hormuz in exchange for the US lifting its naval blockade and waiving oil sanctions, saying on Saturday it was still awaiting an official US answer, while the Wall Street Journal reported that Trump rejected the deal and told staff he sees a renewed bombing campaign as likely after November's midterms ; oil fell and US stocks recovered on hopes of progress toward an agreement to open the strait .