Thursday's News Links

[CNBC] Stocks lower as Treasury yields reverse Bessent-driven decline, Walmart tumbles: Live updates

[Yahoo/Reuters] Bond relief ebbs, stocks fall as investors question Treasury's rescue efforts

[Reuters] Oil hits 3-week high on Middle East supply concerns amid war impasse

[Yahoo/Reuters] Dollar at three-month low as Treasury moves to soothe bond jitters

[AP] Iran dismisses US economic threats and other developments in the Middle East

[CNBC] Trump announces ‘economic warfare’ on Iran, threatens ‘tremendous’ consequences for its backers

[Reuters] Trump warns of economic consequences for any country that supports Iran

[AP] US unemployment claims dropped to 206,000 last week with layoffs still sparse

[Axios] The data center fight is heating up. Here's how they work

[Yahoo/Bloomberg] Hyperscalers’ Off-Grid Power Push Comes With Risks

[Yahoo/Bloomberg] China Says Trump’s Economic Warfare Won’t Solve Iran Crisis

[Yahoo/Reuters] Treasury's upsized buybacks may complicate Fed's monetary policy work

[Yahoo/Bloomberg] Dollar Risks Becoming Biggest Loser From Bessent’s Bond Buying

[Axios] The U.S. might miss its foreign Treasury buyers

[Reuters] The new kingmakers: Crypto, AI and betting firms fuel record spending on the 2026 midterms

[Bloomberg] US 30-Year Bonds Erase Gains From Treasury’s Buyback Surprise

[Bloomberg] Bond Yields Are ‘Elephant in Room’ Stock Investors Are Ignoring

[Bloomberg] Dudley: It Won’t Take Much to Burst the Stock Market Bubble

[Bloomberg] Emerging FX Gains as ‘Bessent Put’ Burnishes Carry Trade Appeal

[Bloomberg] Corn Breaks $5 Level as US Crop Tour Points to Tighter Supplies

[Bloomberg] China’s Property Crisis: From Evergrande Collapse to Spiraling Prices

[NYT] How the $32 Trillion Treasury Market Influences the Economy

[WSJ] The Treasury Market’s Coveted Status as a Safe Haven Is Fading

[WSJ] Trump Threatens Iran With ‘Economic D-Day’

[WSJ] Trump’s Plan to Squeeze Iran’s Economy Will Live or Die in Dubai

[WSJ] U.S. Workers Are Paying More for Healthcare, and Next Year Will Be Worse

[WSJ] California’s AI Dominance Fuels $366 Billion Venture Capital Bonanza

[WSJ] Philadelphia Area Manufacturing Activity Continued to Expand in August

[WSJ] Dwindling Patriot Supplies Leave Kyiv in the Line of Fire

[FT] ‘Treasury demand has become materially more valuation-sensitive’

[FT] Demand for tankers soars as Gulf oil producers search for ways to export cargoes

[FT] 140 years of banking crises and bailouts

Wednesday Evening Links

[CNBC] S&P 500 futures tick higher after index snaps three-day slide: Live updates

[Yahoo/Reuters] US yields drop after Treasury offers liquidity support

[Yahoo/Reuters] Oil prices settle near 4-week high as Middle East crisis escalates

[Yahoo/Reuters] Global yields fall after US Treasury boosts debt buybacks

[Yahoo/Reuters] US debt crosses $40 trillion threshold after doubling under Trump and Biden

[Yahoo/Bloomberg] Treasury Bond Buybacks Evoke Memory of Fed’s ‘Operation Twist’

[Yahoo/Bloomberg] Treasury’s Potentially Limitless Buybacks Cloud T-Bill Outlook

[AP] An alarmed bond market gets the Trump administration to act again

[AP] ‘Many’ Fed officials think higher rates will be needed if inflation stays high

[Axios] Fed officials warned rate hikes may be needed if inflation stays high

[NYT] U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

[NYT] More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting

[WSJ] U.S. Debt Just Topped $40 Trillion: How We Got Here

[WSJ] Fed Minutes Reveal Broader Support for Rate Increases

[WSJ] Bessent Leans Into His Role as America’s Bond Trader in Chief

[FT] US government debt hits $40tn as borrowing rises at historic rate

Wednesday Afternoon Links

[Reuters] Wall St recovers as yields ease; Moderna lifts healthcare stocks

[Yahoo/Reuters] Oil prices up 1%, near 3-week high as Middle East crisis escalates

[Yahoo/Reuters] US yields head lower after Treasury offers liquidity support

[Axios] Treasury to double down on buybacks to steady bond market

[Axios] Iran war, said to be over "very soon," nears 6 months

[Bloomberg] ‘The Treasury Is Watching’: Bessent’s Buybacks Jolt Bond Market

[Bloomberg] Fuelmakers Run US Plants at Fastest Pace Since Iran War Erupted

[NYT] How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz

[WSJ] Why Scott Bessent Is Playing With the Treasury Market

[WSJ] North Korea Rejects Trump’s Drills-Cut Overture as an Empty Gesture

[FT] Private credit risks remain at large

[FT] Grain prices surge as Ukraine war chokes off Black Sea ports

[FT] The US munitions crisis goes back further than Iran