Monday's News Links

[CNBC] S&P 500 falls slightly as chip stock slide outweighs yield decline: Live updates

[Yahoo/Reuters] Oil falls as US prepares to unveil new Iran sanctions

[CNBC] Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said

[Yahoo/Reuters] Bond market anxiety raises stakes for Warsh's debut Jackson Hole speech

[AP] Iran warns of a harsh response to anticipated US sanctions and other Middle East news

[Yahoo/Bloomberg] US Set to Unveil Fresh Iran Sanctions as Rial Hits Record Low

[CNBC] U.S. to unveil ‘greatest financial offensive’ against Iran as Tehran threatens ship seizures

[Yahoo/Bloomberg] Canada Sees Long Trade War With US That May Last Beyond Midterms

[Yahoo/Fortune] Scott Bessent and the bond market: a pointless intervention

[The New Yorker] The Humbling of Scott Bessent

[Yahoo/Bloomberg] Hedge Funds Ramp Up Dollar Shorts Ahead of Bessent’s Fiscal Plan

[Yahoo/Bloomberg] Nvidia’s Trillion-Dollar Chip Market Has Friends and Foes Closing In

[Politico] Data centers’ ‘oh s--t’ moment

[Axios] Why diesel prices keep rising

[Reuters] Trump's Kim gambit deepens doubts over US reliability at a key moment for Asia

[Bloomberg] Dudley: The Perils of an Interventionist Treasury and a Passive Fed

[Bloomberg] The Bond Market Is Returning to the Old Normal

[Bloomberg] Japan Bond Auctions Pose Another Threat to US Debt Yields

[NYT] Los Angeles Dodgers Owner’s Troubles Roil Insurance World

[WSJ] U.S. Says Oil Is Pouring Through Hormuz. Trackers Can’t Find It.

[WSJ] Warsh’s Old Forecasts Show How He Formed His Views on Inflation

[WSJ] Wall Street Is Counting on Nvidia to Keep the AI Party Going

[WSJ] Canada Digs In as More Countries Stand Up to Trump

[WSJ] Canada’s Carney Puts His ‘No Deal Is Better Than a Bad Deal’ Doctrine to the Test

[WSJ] How Trump’s Crypto Push Is Linked to Bessent’s Treasury Moves

[FT] Iran threatens 46 ships in Strait of Hormuz transit crackdown

[FT] A ‘democratised’ financial crisis is still a crisis

[FT] High asset prices, not low interest rates, are driving inflation

[FT] The new world order? Every man for himself

Sunday Evening Links

[CNBC] Stock futures slip after Dow posts back-to-back weekly declines: Live updates

[AP] Iran official says support for new sanctions would be an ‘act of war,’ and other Middle East news

[AP] Carney warned about economic coercion. Now Trump is testing the Canadian prime minister

[Yahoo/Bloomberg] US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance

[Yahoo/Bloomberg] Fed’s Kashkari Says Treasury Market Still Working ‘As It Should’

[Reuters] China's property crisis grinds on after Evergrande sentencing

[Bloomberg] Trump’s Family Joins a Rush to Start New Banks

[NYT] Iran Warns Gulf States Against Joining Trump’s Economic War, or Else

[WSJ] The Dumbest Trade War Revisited

[WSJ] Mark Walter Lieutenant Was Key to Dodgers Owner’s Complex Lending Machine

[FT] Bessent: Scott Bessent: an economic D-Day is coming for Iran

[FT] Kevin Warsh seeks to soothe investors’ nerves as signs of economic strain mount

[FT] Trump accused of risking more pain for Americans with Canada trade war