Name: Iran Proposes a Deal Trump Will Have to Refuse | Insight with Haslinda Amin 8/7/2026
Uploaded: 2026-08-07T06:26:13+00:00
Duration: 2882 s

Speakers

Karen Manna — Vice President & Investment Director, Federated Hermes

David Savage — Editor, The Block

Min Min Low — China Correspondent, Bloomberg

Patrick Grady — Partner, Sequoia Capital

Summary

Bloomberg's Haslinda Amin covers the Iran-Oman deal to bar US and Israeli ships from the Strait of Hormuz, keeping oil above $80 and supply risks elevated. Federated Hermes' Karen Manna describes a global shift from deflation to inflation, recommending front-end Treasuries and emerging market local-currency bonds over high-yield. DBS CEO Tan Su Shan discusses AI adoption and cybersecurity. Sequoia Capital's partners detail their Anthropic investment and the AI supply chain theme. DeepSeek resumes fundraising at a higher valuation and plans price hikes, seen as positive for the AI industry. The show ends with David Savage previewing how a strong US jobs report could boost yields and ignite a rally in dollar-yen.

Iran and Oman agreed to a deal barring US and Israeli vessels from Hormuz, likely unacceptable to the US, keeping oil above $80 and supply risks elevated.
Karen Manna says the deflationary era is over, with inflation staying higher due to de-globalization, inventory changes, and geopolitical risks.
She recommends focusing on 1-3 year US Treasuries as the front end offers value amid yield curve steepening, while avoiding long-duration bonds.
She prefers emerging market local-currency bonds over high-yield credit, highlighting yields above 7% and investment-grade-like credit quality.
DBS CEO Tan Su Shan explains the bank's AI strategy, emphasizing sovereign code, customer data moats, and agent-based interactions.
Sequoia Capital's Patrick Grady and Alfred Lin discuss the $2.5 billion Anthropic investment and the AI supply chain investment thesis.
DeepSeek resumes fundraising at a $500 billion yuan valuation and plans price hikes, seen as positive for AI industry profitability.
David Savage notes that a strong US jobs report could push yields higher and ignite a rally in dollar-yen.

Ideas

Karen Manna Vice President & Investment Director, Federated Hermes 17:46

Long front-end Treasuries, avoid long end.

The deflationary era is over and we are in a more inflationary environment, causing yield curve steepening. The long end is difficult to invest in due to duration risk, while the front end (1-3 year) offers better value as the curve normalizes.

Karen Manna Vice President & Investment Director, Federated Hermes 18:16

Long EM local bonds over high-yield.

Emerging markets offer better risk-adjusted returns than high-yield within fixed income, with local-currency yields above 7% on companies exhibiting leverage and statistics similar to U.S. investment-grade corporates. The opportunity is strongest in energy importers versus exporters, and the market is less efficient, allowing bottom-up security selection.

David Savage Editor, The Block 46:24

Strong jobs could lift dollar-yen sharply.

A very strong U.S. jobs print could drive yields significantly higher as markets price in one or even two Fed hikes in 2026, which would light a fire under the dollar-yen pair.

This Bloomberg Markets video, published August 07, 2026, features Karen Manna, David Savage discussing SHY, Emerging Market Local Currency Bonds (Energy Importers), USD/JPY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Karen Manna, David Savage · Tickers: SHY, Emerging Market Local Currency Bonds (Energy Importers), USD/JPY

Iran Proposes a Deal Trump Will Have to Refuse | Insight with Haslinda Amin 8/7/2026

Summary

Ideas

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