Morning brief — Sep 2: Major: Treasury Market Is Functioning Normally
Tradition Dubai Global Macro Advisor Steven Major says the global bond selloff is being driven largely by shifting interest-rate expectations rather than dysfunction or fiscal stress in the US Treasury market. Also in focus: News-driven moves.
Ideas in this brief (7)
- Major: Treasury Market Is Functioning NormallyNEUTRAL · TLT, USO
Tradition Dubai Global Macro Advisor Steven Major says the global bond selloff is being driven largely by shifting interest-rate expectations rather than dysfunction or fiscal stress in the US Treasury market. He joined Horizons Middle East and Africa and discussed how persistently high oil prices could force further central-bank tightening, the risks to the dollar if the US economy cools, and why geopolitical anxiety has become a “new normal” for markets. (Source: Bloomberg)
- India’s ONGC Reviews Assets in Venezuela After US Green LightNEUTRAL · USO, XRP
A team from the international investment arm of India’s Oil & Natural Gas Corp. has arrived in Venezuela to review assets in the country, according to people familiar with the matter, weeks after the company received a green light from the US.
- Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflowLONG · BTC, XRP
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
- Bitcoin withstands $90 oil and rising yields while gold slides. A firm dollar is the catchSHORT · BTC, GLD, TLT, USO
BTC trades choppy as $90 oil and rising bond yields weigh on stocks and gold.
- Where Bond Yields Are Heading as Energy Prices RiseLONG · TLT
Highlights from Bloomberg TV as contributors shed light on how rising energy prices are driving bond yields higher across markets and traders reposition in anticipation of further challenges. Meanwhile, the yield on 30-year US government bonds have climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program to contain long-term borrowing costs. (Source: Bloomberg)
- HYPE treasury firm Hyperliquid Strategies boosts equity facility to $2.5BNEUTRAL · BTC, SOL, TLT, XRP
The Nasdaq-listed company previously raised $647 million through the facility and accumulated about 29.3 million HYPE tokens.
- Night movers — Sep 2: Night moversNEUTRAL · NVDA, ORCL, WFC, FIS, META, NIO
Nvidia led the after-midnight gainers, rising about 3.21%, followed by Oracle up roughly 3.13%, Wells Fargo higher by around 2.56%, FIS up approximately 2.55%, and Meta gaining about 2.47%. On the downside, Nio dropped about 4.93%, with iQIYI off roughly 4.87%, Adobe lower by around 2.20%, Bilibili down approximately 2.15%, and TJX slipping about 1.47%.
This brief is generated by CommonQuant.ai from the day’s highest-signal market news. Any idea can be turned into a strategy that is automatically backtested and stress-tested before it can go live, then monitored against the news hourly while it runs.