Public Markets 3 Hours

Last updated: July 20, 2026, 5:30 PM ET

Treasury Yields Climb Amid Geopolitical Tensions

Treasury yields rose to start the week as investors braced for increased spending under the new UK Prime Minister, Andy Burnham. Burnham’s pledge to "use any flexibility" within fiscal rules. Meanwhile, crude futures as U.S.-Iran tensions escalated, despite ongoing mediation efforts for a ceasefire. The Pentagon killed in Jordan during an Iranian strike.

Corporate Earnings and Dealmaking

Cracker Barrel raised its guidance for the fiscal year following its divestiture of Maple Street Biscuit and a sale-leaseback deal. Crown Holdings reported as global beverage can volumes increased by 5%. Washington D.C. is preparing to this week in its municipal debt sale, capitalizing on stabilizing credit conditions. The White House announced that Air Force One, a gift from Qatar this fall, temporarily removing it from service for about a month.

Market Movements and Sector Performance

U.S. stocks edged lower in cautious trading, though chip stocks rebounded from recent declines. Investors appeared to be shrugging off anxieties surrounding an AI bubble, with the Nasdaq. Silver futures as demand was eyed, although the metal remains down year-to-date. Gold prices, however, slipped on the session.

Geopolitical and Legal Developments

Authorities identified a suspect in an attack at a New York City federal plaza as an Army veteran targeting ICE officials. A judge to Minnesota's immigration laws, ruling against the Trump administration's argument that state policies limiting cooperation with ICE were unconstitutional. Republicans themselves boxed on Iran war funding as President Trump sidelines Congress, potentially forcing them to support an unpopular conflict with limited oversight.