Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.
0212 ET - U.S. Treasury yields rise across maturities in European trade, reflecting an escalation of the Middle East conflict and a subsequent rise in oil prices. "President Trump's defense of expanded U.S. strikes on Iran has strengthened fears that the confrontation could last longer or move beyond its original objectives," Zaye Capital Markets CIO Naeem Aslam says in a note. Trump's remarks matter for oil because any escalation near production facilities, export terminals or key shipping routes could remove barrels from the global market before producers can replace them, Aslam says. The 10-year U.S. Treasury yield is up 2.9 basis points at 4.569%, according to LSEG. (emese.bartha@wsj.com)
0151 ET - The war between the U.S. and Iran continues to put pressure on oil prices as well as global rates, bond yields and monetary policy expectations, Danske Bank's Kristoffer Kjaer Lomholt says in a note. As a result, the 10-year German Bund yield is back above 3%, while 30-year U.S. Treasury yield is above 5%, says the director for fixed income and FX research. Brent crude oil has risen above $90 per barrel. Danske continues to expect one more interest-rate hike from the European Central Bank in 2026 after a 25bp increase in June. It considers the outright levels for yields and rates as looking attractive, expecting the 3% level for 10-year Bunds to hold. (emese.bartha@wsj.com)
0144 ET - The Iran war is heading in the wrong direction, having escalated further and raising the risk of a broader conflict and disruptions in oil supplies via the Strait of Hormuz, say Robert Bergqvist and Maya Westerlund at SEB in a note. 'There are still some signs of restraint, but the room for misjudgment is shrinking rapidly,' the analysts note. The U.S. and Iran have now targeted each other for nine nights in a row. "The situation is undeniably serious, and Donald Trump seems to lack a plan." Most recently, two U.S. soldiers were killed in an Iranian attack in Jordan, prompting the U.S. to strike back against Iran's Revolutionary Guard. Brent oil is up 2.5% at $90.26 per barrel. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 20, 2026 02:12 ET (06:12 GMT)
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