OpenAI Considers Slowing AI Development

Watch on YouTube ↗  |  September 11, 2026 at 10:24  |  48:23  |  Bloomberg Markets
Speakers
Ven
Toril Bosoni — Head of Oil Industry and Markets Division, International Energy Agency
Mohit Kumar — Chief European Economist & Strategist, Jefferies
Jim O'Neill — Member, UK House of Lords
Charles Daly — Bloomberg Bureau Chief
Katja Hoyer — Historian and Author

Summary

The program focused on a global bond selloff as US 10-year Treasury yields approached 5% amid rising oil prices and inflation fears. The IEA warned of a tight oil market and diesel shortages, while strategists debated Fed, ECB, and BoE rate paths. Other segments covered UK fiscal challenges, OpenAI's consideration of slowing AI development, US midterm politics, and gains by far-right parties in Europe.

  • US Treasury yields climbed toward 5%, driven by inflation, deficits, and surging energy prices.
  • The IEA said oil demand is weakening but supply cuts and restricted diesel flows are tightening markets.
  • Jefferies' Mohit Kumar saw likely ECB hikes in October and December, while the BoE may stay on hold this year.
  • Jim O'Neill discussed UK GDP strength, gilt-yield volatility, and fiscal policy trade-offs.
  • Bloomberg reported OpenAI is considering slowing cutting-edge AI development.
  • US political discussion covered Trump's proposed $5,000 payments and midterm election dynamics.
  • European political coverage focused on Sweden's election and far-right gains in Germany.
  • The program also noted BRICS summit symbolism and efforts to develop dollar-bypassing payment systems.
Ideas
Ven 1:41
Sell long-end Treasuries.
Investors should be concerned about Treasuries because inflation, surging crude prices, deficit concerns, AI-led funding needs, and unfavorable supply-demand dynamics are pushing yields higher. He sees a chance the 30-year Treasury yield could touch 5.50% by year-end and says investors should sell Treasuries at the long end.
US30Y HIGH
Toril Bosoni Head of Oil Industry and Markets Division, International Energy Agency 3:34
Diesel market is very tight.
Diesel is the tightest part of the oil market: US and European diesel prices are at record levels, Russian and Middle East diesel exports are down about 1.6 million barrels per day versus prewar levels, refinery throughput is curtailed, and inventories are low, so diesel prices likely stay elevated until flows resume.
DIESEL HIGH
Toril Bosoni Head of Oil Industry and Markets Division, International Energy Agency 4:19
Brent crude remains tight.
The global oil market is tight as steep supply cuts and restricted Middle East and Russian flows outweigh demand destruction. Brent has surpassed $100 and inventories are being drawn down rapidly, so prices likely remain elevated unless key supply flows resume.
BNO HIGH
Mohit Kumar Chief European Economist & Strategist, Jefferies 24:38
Treasury yields stuck near 5%.
Five percent Treasury yields make him nervous because inflation, deficits, and supply-demand dynamics do not support low yields. He does not expect Treasury yields below roughly 4.75% soon and sees 5% as a reasonable range, though a benign CPI print and a Fed hold could bring yields lower, making this a watchful setup rather than a clean directional trade.
TLT MED
Mohit Kumar Chief European Economist & Strategist, Jefferies 26:23
Eurozone bonds face more ECB hikes.
The ECB's 2028 inflation forecasts above 2% mean further hikes are needed. He sees an October hike as very likely and December possible, even if the market cannot get four hikes, so Eurozone bonds face upside yield pressure.
Eurozone Government Bonds MED
Mohit Kumar Chief European Economist & Strategist, Jefferies 27:29
No BoE hike this year.
The Bank of England gives equal weight to growth and inflation. With oil-driven higher inflation but weaker growth, the ECB should act, while the BoE may not hike this year, which would support UK gilts.
UKGILT LOW
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This Bloomberg Markets video, published September 11, 2026, features Ven, Toril Bosoni, Mohit Kumar discussing US30Y, DIESEL, BNO, TLT, Eurozone Government Bonds, UKGILT. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ven, Toril Bosoni, Mohit Kumar  · Tickers: US30Y, DIESEL, BNO, TLT, Eurozone Government Bonds, UKGILT