Morning Bid: Long bond bother

By Mike Dolan

Aug 11 (Reuters) -

What matters successful U.S. and planetary markets contiguous

By Mike Dolan, Editor-at-Large, Finance and Markets

With U.S. Treasuries connected tenterhooks up of tomorrow's large ostentation report, the renewed tightening of vigor markets is adding to the tension, with Brent ‌crude trading astatine astir $90 a tube connected Tuesday aft rising 5% yesterday.

Hopes that the Strait of Hormuz mightiness reopen person been knocked ‌by the U.S. and Iran's entrenched positions connected the presumption of immoderate prospective deal.

I'll get into that and much below.

But first, cheque retired my latest file connected Trump's latest situation ​to Federal Reserve independency - and wherefore it's coming astatine a nervy clip for the enslaved market.

And perceive to the latest occurrence of the Morning Bid regular podcast, wherever we sermon Nvidia's $500 cardinal AI financing propulsion and more.

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LONG BOND BOTHER

Tehran's demands that Washington assistance sanctions, wage reparations and let it immoderate power of Hormuz were countered by the White House's insistence connected Monday ‌that Tehran wage compensation of its ain and ⁠free up each shipping lanes.

Oil markets are bracing for a protracted standoff, adding to persistent ostentation worries, nudging enslaved yields higher and reining successful stocks, contempt the bumper second-quarter net season. At 5.28%, the output connected the 30-year ⁠Treasury enslaved came wrong a whisker of its highest successful astir 20 years.

Adding to Treasury angst successful a important week for enslaved sales, the Japanese yen weakened past the 159-per-dollar level connected Monday and into Tuesday, with Tokyo markets closed contiguous for a holiday. Currency markets are seemingly investigating the resoluteness of U.S. and ​Japanese authorities ​to support propping up the portion aft caller historical associated intervention.

Gnawing astatine the ​currency are doubts astir the Bank of Japan's willingness to ‌tighten monetary argumentation importantly to backmost up the yen-buying. And determination are inheritance concerns successful the U.S. enslaved marketplace that a agelong Japanese run of dollar income could spot immoderate liquidation of their elephantine Treasury holdings.

Elsewhere, U.S. net connected the slate for Tuesday see AI unreality computing institution CoreWeave, which volition springiness different glimpse of the standard of information halfway request amid the AI boom.

Meantime, Nvidia said connected Monday it was moving with six large Wall Street firms to rise immoderate fractional a trillion dollars' worthy of financing pools to enactment the AI infrastructure push.

And Intel raised $20 cardinal from ‌an upsized stock offering connected Tuesday, with its shares falling 4% connected Monday aft ​it announced the sale.