US and Iran Renew Fighting, Global Bond Rout Deepens, 10s +4bp · desk brief, Wed 02 Sep 2026
Treasuries (close 2026-09-01): 2s 4.39% (+5.0bp), 10s 4.79% (+4.0bp), 30s 5.27% (+2.0bp).
Tape (close 2026-09-01): VIX 16.34, 2s10s +40bp.
Narrative: Trump: 'Large & Powerful Strikes' In Iran Ongoing As 'Retaliation' For Mining Hormuz Strait
What mattered:
• US and Iran Renew Fighting, Global Bond Rout Deepens
• Fed’s Williams ‘is opening options’ to interest-rate hikes. Why that could be ‘a bad trade.’
• ‘Large tax hikes on the way’: How the global bond rout is boxing in Healey
• Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise
• Mortgage and refinance interest rates today, Wednesday, September 2, 2026: Rates up double digits as Iran war reescalates