Bonds Slide Amid Inflation Concerns as Oil Rises on Hormuz Deal Outlook | Bloomberg Brief 08/11/2026

Summary

Treasuries fall and oil rises as Trump adds new demands on Iran, dimming prospects for a Strait of Hormuz deal. AI financing surges with Nvidia's $500B consortium, Intel's $20B share sale, and Anthropic's deal with Riot Platforms. Laura Cooper of Nuveen discusses rising real yields and identifies AI-adjacent old economy sectors as opportunities. The Euro rallies to a two-month high on European optimism.

• Oil approaches $90 as Strait of Hormuz talks stall; US Strategic Petroleum Reserve at 40-year low
• Bond yields climb, with 10-year near 4.73% and real yields driving the selloff
• AI infrastructure financing wave: Nvidia partners with Wall Street for $500B, Intel upsizes share sale to $20B, Anthropic strikes $9B deal with Riot Platforms
• Laura Cooper highlights industrials, materials, and energy infrastructure as AI-adjacent beneficiaries without direct AI disruption risk
• Euro strengthens to two-month high amid European optimism, contrasting with US fiscal/inflation concerns
• GM scales back EV investments, selling half of battery JV to Samsung SDI
• Fed rate hike debate intensifies ahead of CPI data; Nuveen's Cooper sees risk of tightening but doubts data warrants it
• Midterm election pressures loom as Trump pushes unproven vaccine-autism claims