1012 ET – Treasury yields gave back early gains after July housing starts fell 12.4%, far worse than the 6.1% decline forecast, and industrial production rose just 0.2% versus 0.4% expected. The 30-year yield slipped to 5.314% from an intraday peak of 5.337%, the 10-year fell to 4.728% from 4.748%, and the two-year dropped to 4.179% from 4.20%.

0901 ET – A global bond selloff had earlier lifted the 30-year to 5.318%, its highest since 2007, driven by concerns over $1 trillion in annual debt service, heavy long-dated issuance, and AI-related corporate supply. de Vere's Nigel Green warned bond buyers are setting terms. Middle East tensions kept oil elevated, fueling inflation fears.

0911 ET – Capital.com's Daniela Hathorn noted breakeven inflation rates remain near the Fed's 2% target. The selloff reflects "persistent inflation risks, heavy government borrowing and growing competition for capital" rather than a sharp rise in inflation expectations alone. Red Sea disruptions add further uncertainty.