2026-09-01 · Bonds Shake the Tape, Not Growth
A weekend Hormuz tanker strike sent every index lower, but the real story is a global bond selloff pushing Japan's 10-year above 3% and the US 30-year above 5.3%; software and cyber distribution sits next to quiet utility accumulation underneath.
The Signal
Every major index closed lower Tuesday after two oil tankers were hit overnight in the Strait of Hormuz, reigniting a conflict markets had started to treat as frozen. Tech led the decline as last week's software rally gave back ground, while volatility stayed low and calm. The bigger story sits in the bond market: Japan's…
The skinny
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