Global Bond Selloff Deepens as Oil Prices Rise | The Close 5/15/2026

Summary

The May 15, 2026 episode of Bloomberg's 'The Close' covers a deep global bond selloff sending the 10-year yield near 4.6%, rising oil prices above $109, and a down day for equities despite the S&P 500 heading for its seventh straight weekly gain. Key segments include bullish NVIDIA outlooks ahead of its earnings from Bernstein and Neuberger Berman analysts, and a positive view on Walmart from Columbia Threadneedle. Also discussed are Canada-Alberta pipeline agreements, the US-China summit outcome, and horse racing.

• Global bond selloff intensifies, 10-year yield near 4.6%, 30-year above 5%.
• Oil prices rise 3.5% to ~$109 on supply concerns amid Strait of Hormuz tensions.
• S&P 500 down ~1% but still on track for seventh consecutive weekly gain.
• Stacy Rasgon (Bernstein) is bullish on NVIDIA ahead of earnings, citing low expectations and strong AI demand.
• Daniel Flax (Neuberger Berman) also expects a strong NVIDIA report driven by data center and product cycles.
• Mari Shor (Columbia Threadneedle) favors Walmart for its trade-down appeal, e-commerce growth, and management confidence.
• Canadian federal and Alberta governments advance a new pipeline project to export oil and gas to Asia.
• US-China summit yields low-ambition results; no major trade breakthroughs announced.