US long-term interest rates rise again... Is even Treasury bond buying useless?

US long-term interest rates rise again... Is even Treasury bond buying useless? [Wall Street Newsletter]
Watch on YouTube ↗  |  August 20, 2026 at 22:02  |  44:10  |  3PRO TV (삼프로TV)
Speakers
Park Myung-seok — Curator

Summary

The video discusses the recent rebound in US long-term Treasury yields despite government intervention, highlighting market concerns over inflation and deficits. It also covers the potential liquidity drain from the upcoming Anthropic IPO and historical midterm election volatility. Furthermore, it analyzes key tech earnings, including Nvidia's margin expectations and SK hynix's path to closing its valuation gap.

  • US Treasury yields rebounded quickly after the Treasury Secretary's buyback announcement, showing market skepticism.
  • Trump's threat of severe economic sanctions on Iran is pushing oil prices to recent highs.
  • The upcoming Anthropic IPO and historical midterm election trends suggest increased market volatility through October.
  • Nvidia's upcoming earnings will be judged heavily on its ability to maintain a 75% gross margin.
  • Marvell and Broadcom are both positioned well in the custom AI chip market with Google.
  • SK hynix needs to prove sustained operating margins to overcome US investor skepticism regarding the memory cycle.
  • Bitcoin is rallying on hopes of peaking interest rates and Trump's pro-crypto political messaging.
  • Deere is finding unexpected growth by supplying heavy machinery for AI data center construction.
Ideas
Park Myung-seok Curator 6:44
Market rejects Treasury intervention, yields remain high.
Despite the Treasury Secretary's buyback intervention plan, long-term yields quickly rebounded, indicating the market remains highly concerned about persistent inflation and government deficits, making long-term bonds risky.
TLT HIGH
Park Myung-seok Curator 14:26
Trump's strict Iran sanctions boost oil prices.
Trump's threat of unprecedented economic sanctions and total isolation against Iran is pushing crude oil prices to the top of their recent trading range.
WTI MED
Park Myung-seok Curator 22:08
Midterm volatility and Anthropic IPO drain liquidity.
The upcoming Anthropic IPO could act as a vacuum cleaner for market liquidity, and historical patterns show increased volatility 75 to 25 days before midterm elections, suggesting a difficult broad market environment through October.
SPY MED
Park Myung-seok Curator 25:35
Nvidia must maintain seventy-five percent gross margins.
For Nvidia's upcoming earnings, the critical factors for the market are maintaining a 75% gross margin and successfully expanding Blackwell sales without cannibalizing Hopper or relying on China.
NVDA MED
Park Myung-seok Curator 26:34
Marvell expands custom chip business with Google.
Marvell's price target was raised to $310 by UBS as its custom chip relationship with Google is expanding beyond just TPUs into a broader ecosystem of connected chips.
MRVL MED
Park Myung-seok Curator 27:34
Market incorrectly assumes Marvell took Broadcom's business.
The market is undervaluing Broadcom by mistakenly assuming that Marvell has taken all of Google's TPU business, which JP Morgan clarifies is not the case.
AVGO MED
Park Myung-seok Curator 30:19
Sustained margins will close SK hynix's gap.
Although US investors remain skeptical of the memory cycle, SK hynix can close its valuation gap and re-rate like TSMC if it proves its operating margins are sustainable over the next few quarters alongside its strong shareholder returns.
000660.KS HIGH
Park Myung-seok Curator 33:40
Management cleared of illegal China export allegations.
Super Micro Computer's stock rebounded because investigations revealed that current management was completely unaware of a former employee's illegal exports to China, removing a major company-level risk.
SMCI MED
Park Myung-seok Curator 35:03
Peaking rates and Trump's support boost Bitcoin.
Bitcoin is rallying due to a combination of potentially peaking interest rates and Trump's renewed pro-crypto political messaging aimed at winning voters ahead of the midterm elections.
BTC MED
Park Myung-seok Curator 39:07
Slowing US same-store sales drag down Walmart.
Walmart shares suffered their biggest drop in four years due to a significant slowdown in US same-store sales growth, despite an increase in AI-driven customer engagement.
WMT MED
Park Myung-seok Curator 40:25
Deere supplies heavy machinery for data centers.
Deere & Company is finding a strong new growth driver beyond agricultural machinery by supplying heavy equipment for the construction of AI data centers.
DE MED
Up Next
3:37
Fundstrat's Mark Newton on the Treasury's intervention and its impact on the bond market
CNBC · Aug 20
5:18
U.S. credit downgrade 'may very well be warranted': Fmr. State Department deputy chief economist
CNBC · Aug 20
2:32
Meta Is Now One of Microsoft's Largest AI Customers
Bloomberg Markets · Aug 20
4:07
Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
Bloomberg Markets · Aug 20
10:37
How Is Treasury Debt Buyback Plan Impacting Credit?
Bloomberg Markets · Aug 20

This 3PRO TV (삼프로TV) video, published August 20, 2026, features Park Myung-seok discussing TLT, WTI, SPY, NVDA, MRVL, AVGO, 000660.KS, SMCI, BTC, WMT, DE. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Myung-seok  · Tickers: TLT, WTI, SPY, NVDA, MRVL, AVGO, 000660.KS, SMCI, BTC, WMT, DE