DAILY BRIEF
US Hit Targets Near Iran’s Kharg Island, Fox News Says, 10s +1bp · Tue 08 Sep 2026
Treasuries (close 2026-09-04): 2s 4.37% (+3.0bp), 10s 4.78% (+1.0bp), 30s 5.24% (-1.0bp).
Tape (close 2026-09-04): VIX 15.3, 2s10s +41bp.
Narrative: Wall Street falls on elevated Fed rate hike bets and oil prices, slump in health
What mattered:
• US Hit Targets Near Iran’s Kharg Island, Fox News Says
• US is currently attacking Iranian oil tankers - I24 News citing a US source.
• Joe Kent, Iran War Fatigue And The Strait Of Hormuz Pressure Point
• Copper Surges Above $14,500 as Supply Squeeze Deepens
• Trump Plans to Cut Canadian Products Out of Government Contracts