Daily brief
IRGC Spokesman: Tehran has not yet completely closed the Strait of Hor, 10s -1bp
Mon 19 Oct 2026
Treasuries (close 2026-10-16): 2s 4.74% (-3.0bp), 10s 5.09% (-1.0bp), 30s 5.43% (+0.0bp).
Tape (close 2026-10-16): VIX 19.99, 2s10s +35bp.
Narrative: Iran's foreign minister: if US meets Iran's terms, strait could reopen within 6 days, talks to resume on 7th day
What mattered:
- IRGC Spokesman: Tehran has not yet completely closed the Strait of Hormuz and can expand the scope of the blockade to the Bab al-Mandeb Strait and the Suez Canal - Tehran Times
- Oil breaches $110 after US reportedly strikes Iranian naval base
- Fed Could Raise Rates in October, Says Bhave
- Iran Strait of Hormuz Management Organization: 122 ships have been added to the list of non-compliance.
- Oil prices pare losses after more Houthi attacks on Saudi energy infrastructure