Tuesday's News Links

[CNBC] S&P 500 falls, hurt by rising Treasury yields and oil prices: Live updates

[Reuters] Bonds, stocks jolted as Middle East tensions shatter market calm

[CNBC] 30-year Treasury yield tops 5.33%, new 19-year high on inflation, spending concerns

[Reuters] Japan's 10-year yield hits three-decade peak on inflation worries

[Yahoo/Bloomberg] Global Bond Rout Sends Long-Term Borrowing Costs to Highest in Decades

[Reuters] Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says

[AP] Ship attacked during Strait of Hormuz transit and other news from the Middle East

[Yahoo/Bloomberg] Trump Takes Hard Line on Iran as Hormuz Standoff Drags On

[Axios] Trump torches allies as Iran exposes limits of hard power

[Reuters] Hormuz crossings rise slightly from weekend, remain in single digits, data shows

[Yahoo/Reuters] US single-family housing starts slide in July

[Yahoo/Reuters] Analysis-As US debt mounts, investors demand higher returns to lend

[Axios] Price pain point: Why inflation could get worse

[Bloomberg] Emerging Assets Halt Rally on Higher Oil Prices, Bond Selloff

[Bloomberg] BofA Poll Sees Few Bears Left as Investors Pile Into Stocks

[Bloomberg] Traders Short French Bonds as Fight Over Budget Set to Escalate

[Bloomberg] Klarna Cuts Revenue Guidance and Is Searching for New CFO

[Bloomberg] Supply Crunch Grips Copper Market as Key Spread Flares Out

[Bloomberg] Canadian Firms Have $360 Billion of Private Credit Exposure, Mostly in US

[NYT] Facing Quagmire in Iran, Trump Turns to a Familiar Face: North Korea’s Kim Jong-un

[NYT] It’s Crunchtime Again for Canada to Avoid New U.S. Tariffs

[WSJ] Global Government Bond Yields Hit Multiyear Highs

[WSJ] Why Trump Is Threatening Again to Bomb Oman

[WSJ] Iran-Backed Houthis Threaten Coast Along Red Sea Chokepoint

[WSJ] See How Europe’s Rivers Are Drying Up and Threatening Its Economy

[FT] Global bond sell-off deepens

[FT] Forget the bond rout, fund managers are in party mode

[FT] AI hasn’t gone rogue. It’s worse than that

[FT] Seoul rattled by Trump’s threat to drills at heart of US alliance

[FT] Here’s Apollo’s big First Brands short presentation

Monday Evening Links

[CNBC] Stock futures are little changed after Wall Street starts the week with losses, hurt by higher oil prices and rising yields: Live updates

[Yahoo/Bloomberg] Trading Day: Bonds play the blues

[CNBC] 30-year Treasury yield tops 5.31%, the highest in 19 years

[Yahoo/Bloomberg] Jane Street’s $15 Billion Loss Lays Bare Its Hedge Fund Side

[Yahoo/Bloomberg] Anthropic Revenue Run Rate Surpasses $65 Billion Ahead of IPO

[Bloomberg] US High-Grade Bond Sales Set August Record in Year Full of Them

[Bloomberg] Foreign Holdings of Treasuries Fell in June, Led by Japan Drop

[NYT] As Iran Truce Expires and Options Shrivel, Trump Lashes Out

[NYT] Nation’s Largest Reservoirs Are Drying Up, Threatening Life in the Southwest

[WSJ] How Wall Street Sussed Out That Situational Awareness Was On the Ropes

[FT] US tech stock correction likely, warn ECB economists

[FT] Mark Carney in last-ditch effort to avoid Donald Trump’s latest tariffs

Monday Afternoon Links

[CNBC] S&P 500 falls as oil prices rise amid Iran tensions: Live updates

[Yahoo/Bloomberg] US Bond Selloff Drives 30-Year Yields to Highest Since 2007

[Reuters] Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails

[Reuters] Trump says Iran should surrender, threatens to bomb Oman 

[Yahoo/Reuters] US home builder sentiment ticks up in August but remains weak overall

[Yahoo/Reuters] One neutral rate estimate suggests Fed's policy stance is accommodative, paper says 

[Axios] The global stakes of China's slowdown

[Bloomberg] Nvidia Will Back OpenAI Project With as Much as $105 Billion

[Bloomberg] Citadel Securities Says Spiking Yields Reflect Fed Policy Risk

[Bloomberg] Microsoft-Tied ‘Project Odyssey’ Bond Lures Buyers at Junk Yield

[Bloomberg] Russia Is Already Waging Hybrid War in Europe, Latvia Says

[NYT] ‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent