As US President Donald Trump ruled out extending a ceasefire between Washington and Tehran, global bond yields came under pressure, with the US 30-yea…
1/5US markets | The S&P 500 fell 0.5% on Tuesday, pressured by a rise in sovereign bond yields to multi-decade highs amid concerns over persistent inflation and elevated oil prices. The Nasdaq Composite fell 1.1%, while the Dow Jones Industrial Average traded near the flatline.
2/5Crude oil | Oil fluctuated near a two-week high, with the US and Iran stuck in a deadlock over control of the Strait of Hormuz. Brent fluctuated near $91 a barrel, after gaining 15% since early August. President Donald Trump said the US is not currently engaged in talks with Iran or scheduled to have them, leaving the simmering conflict in limbo.
3/5Treasury Yields | US Treasury yields were largely steady on Tuesday after long-duration bonds touched multi-year highs, as concerns over the country’s fiscal position and persistent inflation kept pressure on the debt market. The 30-year Treasury yield was little changed at 5.305% after hitting a 19-year high, while the 10-year yield stood at 4.72% and the 2-year yield at 4.175%.
4/5FOMC Minutes | The US Federal Reserve will release the FOMC minutes from its July 28–29 meeting at 11:30 PM IST.
5/5Global Earnings | Target, Lowe’s, TJX Companies, Analog Devices, Estée Lauder, Coty, Viking Holdings, Whitehaven Coal, Santos, HKEX, Alibaba, Futu, Weibo, Kuaishou, CMOC, Geberit, Straumann, Carlsberg, ASR Nederland and Investment AB Latour are set to report earnings tomorrow.
