Global Government Bond Yields Soar… WTI Breaks $90 as Hormuz Airstrikes Resume

Global Government Bond Yields Soar… WTI Breaks $90 as Hormuz Airstrikes Resume [Wall Street Newsletter]
Watch on YouTube ↗  |  September 01, 2026 at 21:59  |  44:15  |  3PRO TV (삼프로TV)
Speakers
Park Myung-seok — Curator

Summary

Park Myung-suk reviews a risk-off session driven by soaring global bond yields, WTI crude breaking $90 on renewed Hormuz airstrikes, and rising Fed rate-hike odds. He flags specific winners and losers including Chevron, Dell, Credo, Nvidia, China equities, and Bitcoin, while cautioning that high sovereign yields are draining equity demand.

  • Global sovereign yields hit crisis-era highs: US 10-year 4.8%, Japan 30-year above 3%, German 10-year 3.36%, UK 10-year 5.25%.
  • WTI broke $90 as US airstrikes on Hormuz resumed and Iran-related tanker/supply fears escalated.
  • High bond yields and rising rate-hike probabilities are draining equity risk appetite.
  • Chevron is expanding Venezuela oil operations; Dell posted strong results and lifted server OEMs.
  • Credo Technology fell after weak guidance and high implied volatility.
  • Anthropic's compute buildout supports Nvidia; Chinese open-weight AI benefits Chinese equities.
  • Bitcoin gets a stablecoin-expansion tailwind; market sees high odds of $100k.
Ideas
Park Myung-seok Curator 0:27
Hormuz tensions push WTI through $90.
US airstrikes on Hormuz resumed amid escalating Iran-linked tanker and supply disruption fears, pushing WTI through $90. The market is now worried that crude could follow a repeat move toward the $90–$100 range, keeping oil prices elevated on geopolitical supply risk.
WTI MED
Park Myung-seok Curator 1:03
Sovereign yields surge to crisis-era highs.
Global sovereign yields are breaking to crisis-era highs: the US 10-year hit 4.8%, Japan's 30-year topped 3% for the first time since 1996, Germany's 10-year reached 3.36% (highest since 2011), and the UK 10-year hit 5.25% (highest since 2008). The speaker treats this as the dominant macro risk: high bond yields give investors a risk-free alternative, so equity liquidity should keep shrinking, and the US 10-year could keep moving toward 5%.
Global sovereign bonds US 10-Year Treasury Bond Japanese 30-year government bond German 10-year Bund UK 10-Year Gilt HIGH
Park Myung-seok Curator 2:17
Dell earnings strong; server OEMs rally.
Dell reported clean earnings that beat and its shares are recovering sharply after-hours. As a rack/server manufacturer, Dell's strength should be a positive read-through for server peers like Supermicro and HP Enterprise, though the speaker cautions that the strength is less likely to spill into semiconductors.
SMCI DELL HPE HIGH
Park Myung-seok Curator 3:25
Credo guidance weak, stock drops.
Credo Technology had very high implied volatility and its results/guidance came in slightly below expectations with unclear forward visibility. The stock fell about 8% in regular trading and another 4.5% after hours.
CRDO MED
Park Myung-seok Curator 6:02
High yields keep draining equity demand.
Because sovereign and risk-free yields have surged, investors no longer need to take as much equity risk; the speaker argues that stock-market liquidity is likely to keep shrinking and the equity market is in a difficult regime until yields or Fed rate-hike uncertainty abate.
SPY HIGH
Park Myung-seok Curator 17:26
Chevron expands into Venezuelan oilfields.
Chevron is expanding in Venezuela as US policy increasingly focuses on Venezuelan oil: it is finalizing contracts to add two large oil fields, securing operatorship and direct equity. This is separate from government negotiations, and Chevron sees Venezuela as an opportunity.
CVX HIGH
Park Myung-seok Curator 22:27
Chinese open-weight AI benefits China equities.
AI token prices are falling because Chinese open-weight models are driving usage and volume. If the volume gain is coming from Chinese open-weight AI, the benefit accrues to Chinese equities, while investors not positioned in Chinese stocks mostly suffer the price damage without the offsetting benefit.
FXI MED
Park Myung-seok Curator 25:30
Anthropic compute buildout boosts Nvidia.
Nvidia is a direct beneficiary of Anthropic's aggressive compute buildout: Anthropic is building its computing stack on Nvidia products and signing data-center/cloud deals including a Lambda contract. Baird also raised its Nvidia target to $500, and Nvidia's $3.5bn MediaTek investment was viewed as win-win.
NVDA HIGH
Park Myung-seok Curator 39:23
Stablecoin expansion supports Bitcoin rally.
Major banks are pushing into stablecoins, and stablecoin expansion is a positive crypto demand driver. Market probabilities for Bitcoin hitting $100,000 by year-end or January have risen to around 67%, with Bitcoin near $80,000 and expectations for a continued rally.
BTC MED
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This 3PRO TV (삼프로TV) video, published September 01, 2026, features Park Myung-seok discussing WTI, Global sovereign bonds, US 10-Year Treasury Bond, Japanese 30-year government bond, German 10-year Bund, UK 10-Year Gilt, SMCI, DELL, HPE, CRDO, SPY, CVX, FXI, NVDA, BTC. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Myung-seok  · Tickers: WTI, Global sovereign bonds, US 10-Year Treasury Bond, Japanese 30-year government bond, German 10-year Bund, UK 10-Year Gilt, SMCI, DELL, HPE, CRDO, SPY, CVX, FXI, NVDA, BTC