Bond Selloff Deepens and Dollar Climbs as Hormuz Tanker Blasts Rattle Markets Before US Open
Hyperdash NewsMacroUS stock futures pointed lower before the cash open as a global bond selloff drove the 10-year Treasury yield to its highest since late 2023, the dollar firmed and reports of tanker explosions in the Strait of Hormuz lifted Crude. S&P Futures eased to 7,623.50, down -0.25%.
Scoreboard
- S&P Futures 7,623.50 (-0.25%)
- Euro Stoxx 50 6,335 (-0.53%)
- Nikkei 225 64,326 (-2.85%)
- Gold 4,356 (-0.91%)
- WTI 90.43 (+0.23%)
- US 10Y 4.810% (+1bp)
- DXY 99.8570 (+0.18%)
- Bitcoin 76,503 (-2.04%)
- VIX 16.70 (+2.20%)
- DE 10Y 3.385% (-1bp)
The selling pressure spanned assets. Nasdaq Futures fell -0.55% to 28,965.75 and Dow Futures slipped -0.16%, with wires citing reports of a shift in Russia's nuclear doctrine as a driver of the pullback in futures and the move in yields. The US 10Y held near a near-three-year high at 4.810% as the global bond selloff continued, lifting the DXY +0.18% to 99.8570. In Asia, the Nikkei 225 closed lower at 64,326. Europe's Euro Stoxx 50 edged down to 6,335 as the DE 10Y slipped -1bp. Bitcoin dropped sharply to 76,503, off -2.04%.
Key headlines
- 10-Year Treasury Yield Hits Near 3-Year High, Dollar Surges
- Top Lula Adviser Rejects Austerity as Brazil Investors Seek Spending Cuts
- Iran Reports Two Oil Tankers Exploded in Strait of Hormuz
- Bank of Canada mulls Trump tariff shock as it readies interest rates decision
The takeaway
The move is being led by rates, not earnings. With the US 10Y at a near-three-year high and the dollar climbing, the selloff in bonds is tightening financial conditions and weighing on equity futures and Bitcoin alike, even as Crude firms on Middle East supply fears.
Traders will watch the Bank of Canada rate decision, weighed against Trump tariff risks, alongside developments in the Strait of Hormuz after reports of tanker explosions and Iranian strikes on Kuwait, Jordan and Bahrain. The path of Treasury yields, the dollar and Crude will set the tone for the US open. Dell's results keep AI-server demand in focus.
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Frequently asked questions: September 2, 2026
What is happening in the markets today?
A global bond selloff pushed the US 10Y to 4.810%, near a three-year high, lifting the DXY +0.18% to 99.8570. US equity futures pointed lower, Crude firmed on Hormuz tanker explosions, and Bitcoin fell -2.04% to 76,503.
Where are US stock futures this morning?
US stock futures pointed lower before the open. S&P Futures fell -0.25% to 7,623.50, Nasdaq Futures slipped -0.55% to 28,965.75, and Dow Futures eased -0.16% to 52,744.00.
What should investors watch in the markets today?
Key items include the Bank of Canada rate decision, Middle East developments after reports of Hormuz tanker explosions and Iranian strikes on Kuwait, Jordan and Bahrain, and the direction of the US 10Y, now at 4.810%, and the DXY at 99.8570.
Where can I track live market data across asset classes?
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