Name: Push to Reopen Strait of Hormuz Gains Momentum | Insight with Haslinda Amin 8/5/2026
Uploaded: 2026-08-05T06:54:34+00:00
Duration: 2882 s

Speakers

Carol Lye — Portfolio Manager, Senior Research Analyst, Brandywine Global

Ed Ludlow — Co-Host, Bloomberg Technology

Anubhuti Sahay — Head of India Economic Research, Standard Chartered Bank

Paul Allen — Reporter, Bloomberg

Omair Ansari — Co-Founder and CEO, Abhi

Summary

Oil prices drop on progress toward a deal to reopen the Strait of Hormuz, easing inflation fears and prompting a rally in US Treasuries. Brandywine Global's Carol Lye argues that global bond yields will stay higher for longer and that JGB yields will eventually rise as the BOJ catches up. SpaceX and AMD results highlight strong AI capex, benefiting Asian chipmakers like Samsung and SK hynix. India's RBI holds rates while Standard Chartered's Anubhuti Sahay sees the rupee weakening. Pakistan fintech Abhi prepares for an IPO.

Oil prices fall below $80 on optimism over an interim deal to reopen the Strait of Hormuz.
Treasury yields decline as lower oil eases US inflation and Fed rate hike concerns.
Carol Lye (Brandywine Global) says global bond yields can remain higher for longer, driven by real yields and resilient growth.
She also expects the BOJ to eventually raise rates, pushing JGB yields higher.
SpaceX and AMD earnings highlight robust AI infrastructure spending, a positive for Asian chip suppliers like Samsung and SK hynix.
India's RBI is set to hold rates; Anubhuti Sahay cautions on rupee weakness amid capital flow uncertainty.
Pakistan's Abhi Microfinance Bank plans an IPO in September, aiming to raise up to $11 million.

Ideas

Carol Lye Portfolio Manager, Senior Research Analyst, Brandywine Global 7:12

Global bond yields stay higher for longer.

Global bond yields have been rising due to resilient global growth and past policy accommodation, with real yields being the main driver. Going forward, yields can remain higher for longer, though falling oil prices may cause a near-term dip of a few basis points. Bond vigilantes are pushing long-end yields up to force the Fed to hike, but the market has priced in two to three rate rises, and there isn't a strong reason for aggressive hikes. Overall, yields are likely to stay elevated.

Carol Lye Portfolio Manager, Senior Research Analyst, Brandywine Global 15:38

JGB yields likely to rise eventually.

The Bank of Japan is behind the curve with deeply negative real policy rates. Even though the BOJ is slow to raise rates, it will eventually have to catch up, and supply issues make it difficult for JGB yields to come down. Eventually JGB yields are likely to rise.

Ed Ludlow Co-Host, Bloomberg Technology 20:18

Asian chipmakers gain from AI capex beat.

Strong AI capital expenditure from US hyperscalers like SpaceX and bullish AI guidance from AMD confirms robust demand for AI infrastructure, which is bullish for Asian semiconductor suppliers. Samsung Electronics and SK hynix are showing strength alongside new product releases and positive guidance, making them attractive plays on the AI capex trend.

Anubhuti Sahay Head of India Economic Research, Standard Chartered Bank 36:03

Indian rupee likely to weaken further.

The Indian rupee is under pressure from inadequate capital flows amid high global yields. While near-term inflows from a non-resident Indian scheme are supportive, momentum is likely to weaken after the September deadline. The Reserve Bank of India is unlikely to hike rates aggressively, and the rupee is expected to trade weaker, with a forecast of 96 and risks to the downside.

Push to Reopen Strait of Hormuz Gains Momentum | Insight with Haslinda Amin 8/5/2026

Summary

Ideas

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