30-Year Treasury Yield Hits 19-Year High as Global and Domestic Factors Drive Surge The yield on the 30-year U.S. Treasury has reached its highest level in nearly two decades, climbing to 5.311% on Monday. This marks the highest level since June 2007, according to the Treasury Department’s report. The surge has raised concerns among market analysts about further increases, despite recent U.S. economic data that typically would have pressured yields downward. Foreign holdings of U.S. Treasurys fell in June, with major holders including the United Kingdom, China, and Japan all reducing their investments. Fundstrat technical strategist Mark Newton noted that long-term yields could rise to 5.60%-5.70%, citing the recent resolution of a three-year "triangle pattern" in market trends. He attributed the surge to Japan’s weaker-than-expected economic growth and a hotter GDP deflator, which pushed Japanese government bond (JGB) yields higher. These changes, he argued, spilled over into U.S. markets, driving the long bond to new multi-year highs. Despite the upward trend, recent U.S. economic data has shown signs of cooling. July retail sales were the weakest since May 2025, and labor-market indicators suggest a slowdown in hiring. However, these data points have not dampened the rise in Treasury yields, as investors remain focused on global risks and the Federal Reserve’s policy trajectory. Global participation in Treasury markets is a key factor driving the surge. BMO strategists highlighted fiscal concerns across the U.S., Japan, the U.K., and Europe as one possible reason for the weakness in long-dated bonds. Even if U.S. economic data softens, a global repricing of long-term borrowing costs could maintain upward pressure on Treasury yields. This dynamic is further amplified by the U.S.#federal_reserve #us_treasury #deutsche_bank #mark_newton #bmo_strategists
DAX at Record Highs While Germany Struggles: The Paradox of Economic Resilience The German DAX index surged to a new all-time high of 25,900 on Monday, marking five consecutive days of gains and a more than 4% rally over the past week. This surge has outpaced the 16% rebound since its March low, which followed the outbreak of the Iran war. The rise appears contradictory to Germany’s economic struggles, which include weak growth, a faltering industrial sector, and persistent energy costs. Yet, the divergence between the stock market’s performance and the nation’s economic challenges reveals a complex interplay of global and domestic factors. Germany remains the largest economy in the Eurozone and a key industrial power, but its economic model is under strain. After years of stagnation, growth forecasts remain modest. The European Commission projects GDP growth of 0.6% in 2026 and 0.9% in 2027, while German research institutes have lowered their estimates, anticipating growth of around 0.5% this year. The country’s headwinds are well-documented: energy costs remain elevated, external demand has softened, and exporters face higher U.S. tariffs. Chinese competition is intensifying in sectors like machinery, chemicals, and automobiles, where Germany has traditionally held dominance. The Mittelstand, Germany’s mid-sized manufacturers, have been particularly hard hit. These companies, often export-oriented and highly specialized, are now facing aggressive competition from Chinese firms that offer comparable product quality at lower prices. The consequences are visible in job losses, production relocations, and declining competitiveness. A Wall Street Journal report citing EY notes that German industry is losing over 10,000 jobs monthly, while industrial output has declined by about 10% since early 2022.#germany #deutsche_bank #dax #chancellor_friedrich_merz #mittelstand
10-year Treasury yield remains stable amid extended Iran deal pause The yield on the 10-year Treasury note showed minimal movement on Friday, staying largely unchanged as investors closely followed developments related to the Iran situation and evaluated recent economic indicators. The benchmark 10-year Treasury yield rose by more than 1 basis point to 4.432%, while the 2-year Treasury yield dipped by 8 basis points to 3.904%. The 30-year Treasury yield increased by over 3 basis points, closing at 4.973%. One basis point equals 0.01%, and Treasury yields typically move inversely to their prices. President Donald Trump announced on Thursday via his Truth Social platform that he would extend the temporary halt on attacks targeting energy facilities by an additional 10 days. This extension pushes the expiration date of the pause to April 6, with Trump stating that "talks are ongoing and … they are going very well." The decision comes as tensions persist in the region, with the Strait of Hormuz remaining largely closed and Iran denying participation in peace negotiations. Oil prices surged on Friday, with Brent crude futures climbing 4.22% to $112.57 per barrel and West Texas Intermediate futures rising 5.46% to $99.64 per barrel. However, Deutsche Bank’s Jim Reid noted that the initial market reaction to Trump’s announcement was short-lived, with Brent crude now trading close to its levels before the post. Reid emphasized that while the delay may reduce immediate escalation risks, it does not provide clarity on the path to a resolution, given Iran’s denials about ongoing talks. Consumer sentiment data from the University of Michigan revealed a reading of 53.3 for the March survey, slightly below the 54.0 estimate provided by economists surveyed by Dow Jones.#iran #trump #strait_of_hormuz #university_of_michigan #deutsche_bank
Gold Has Stayed Flat Amid Iran Conflict — Here’s Why and Where It Could Head Next Despite ongoing tensions in the Middle East, gold prices have remained largely unchanged since the recent escalation of hostilities with Iran. This contrasts with the sharp rally the metal experienced during the 12-day war last year, which saw its price surge from $5,296 to $5,423 per troy ounce after U.S. and Israeli strikes on Iran. However, the recent conflict has not triggered a similar upward move, with gold trading between $5,050 and $5,200 as of late. Spot gold was last reported at $5,175 per ounce. Analysts suggest several factors are dampening gold’s usual safe-haven appeal. A stronger U.S. dollar and higher Treasury yields have made the metal less attractive compared to interest-bearing assets like government bonds. Ross Norman, CEO of Metals Daily, noted that rising oil prices could prolong inflationary pressures, potentially leading to higher interest rates. Central banks struggling to manage the economic fallout from a possible closure of the Strait of Hormuz, a critical oil route, might raise rates further, which could reduce demand for non-yielding assets like gold. Geopolitical tensions typically drive investors toward gold, but recent volatility has disrupted this pattern. Norman observed that gold’s price movements have been lackluster, possibly due to its recent extreme swings. Some institutional investors have grown wary of holding bullion amid its unusual volatility. Amer Halawi, head of research at Al Ramz, explained that conflicts often trigger panic selling, creating a “flush” where traders are forced to liquidate positions as prices drop. He added that while gold may initially sell off during shocks, it often rebounds later as markets stabilize.#iran #deutsche_bank #jp_morgan #ross_norman #amer_halawi
USA TODAY Co. to Participate at Deutsche Bank 34th Annual Media, Internet & Telecom Conference USA TODAY Co., Inc. announced that its Chief Executive Officer, Michael Reed, will attend the Deutsche Bank 34th Annual Media, Internet & Telecom Conference on Monday, March 9, 2026, in Palm Beach, Florida. The event will feature one-on-one investor meetings throughout the day. USA TODAY Co., Inc. (NYSE: TDAY) is a diversified media company with a national and local presence, dedicated to empowering and enriching communities through journalism, digital experiences, and marketing solutions. The company’s mission is to inspire, inform, and connect audiences. It operates through trusted brands such as the USA TODAY NETWORK, which includes the national publication USA TODAY and its local properties in the United States, as well as Newsquest, a subsidiary based in the United Kingdom. These brands provide essential journalism, local content, and digital tools to both consumers and businesses. The company’s digital marketing solutions brand, LocaliQ, supports small and medium-sized businesses with innovative products and services. USA TODAY Co.’s website, www.usatodayco.com, serves as a platform for distributing important company information, including press releases and presentations, accessible via the Investor Relations and News and Events sections. For investor inquiries, contact Matt Esposito at 703-854-3000 or investors@usatodayco.com. For media inquiries, reach out to Lark-Marie Anton at 646-906-4087 or lark@usatodayco.com. The company also highlighted recent developments, including the appointment of Jamie Stockwell as Vice President of News at USA TODAY, effective March 30. Stockwell will focus on advancing unbiased journalism and driving innovation.#usa_today_co #michael_reed #deutsche_bank #palm_beach #movie_meter
