Bond Yields at 19-Year High After Fed Holds; Tech Earnings Lift Stocks | Bloomberg Brief 07/30/2026

Summary

The Fed kept rates unchanged but Chair Warsh’s dovish press conference triggered a bond sell-off, pushing 30-year Treasury yields to a 19-year high. Microsoft shares rose after strong cloud and AI results, while Meta tumbled on unclear AI spending returns. Samsung fell despite record profits as memory oversupply concerns resurfaced. Oil climbed above $90 on renewed US-Iran strikes. Citi’s Andrew Hollenhorst expects the Fed to cut rates later, while CFRA’s Angelo Zino highlighted Microsoft’s enterprise AI advantage and Meta’s cloudy messaging.

• Fed holds rates, 30-year Treasury yields spike to levels not seen since 2007
• Microsoft earnings beat on Azure and Copilot strength, stock rallies
• Meta shares sink after disappointing outlook and skepticism on AI capex
• Samsung profit soars but stock drops on memory supply fears
• Oil rises above $90 after US strikes against Iran escalate Middle East tensions
• Citi’s Hollenhorst predicts Fed cuts this year on softer inflation and rising unemployment
• CFRA’s Zino sees Microsoft as the enterprise AI leader, Meta’s AI story still cloudy
• Bank of England decision ahead; gilt selloff risk if BOE fails to stamp out inflation