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DAILY BRIEF 24 Sept 2026, 21:05 UTC

Trump Welcomes Xi With AI Concerns at Forefront, 10s +15bp · Thu 24 Sep 2026

Treasuries (close 2026-09-23): 2s 4.85% (+14.0bp), 10s 5.11% (+15.0bp), 30s 5.4% (+11.0bp).

Tape (close 2026-09-23): VIX 14.21, 2s10s +26bp.

Narrative: Gold hits one-week low as hawkish Fed outlook drives yields to multi-year highs

What mattered:

• Trump Welcomes Xi With AI Concerns at Forefront

• Ugly 7Y Auction Tails As Foreign Demand Slides Despite Record High Yield

• Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations

• Ten-Year Yield Jumps To Highest Closing Level Since July 2007

• Yemen's Houthis: Attacked Saudi Aramco facilities in Yanbu.

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