Bond Yields Hit 2007 Highs as Inflation Fears Grip Markets Ahead of Nvidia

📉 Wall Street tumbled overnight as 30-year US Treasury yields hit their highest level since 2007, with inflation fears from the Iran war gripping markets ahead of Nvidia's blockbuster earnings tonight. We break down the bond market shock, the brutal sell-off in precious metals, and what to watch from Nvidia's Q1 FY27 print.In today's Morning Call:🔻 Wall Street sell-off — tech and financials hit hardest (GOOGL -2.34%, MS -4.57%, AMZN -2.08%)📈 30-year UST yield flirting with 5.20% — highest since 2007⚡ 2-year yield at 4.11% sitting well above the 3.63% Fed Funds rate🎯 Futures now pricing greater than 50% chance of a Fed rate hike this year under new Chair Kevin Warsh🛢️ Oil -0.8% on US–Iran diplomacy progress, but inflation premium remains embedded🥇 Precious metals smashed — Gold -1%, Silver and Platinum both -4%💵 USD strength on widening yield differentials, pressuring the AUD🤖 Nvidia earnings preview — $79.2B consensus revenue, BofA expects 2–4% beat, $320 PT🏆 Strong Buy 15 out of 15 analyst rating heading into the print📅 Week ahead: AU jobs data Thursday, FOMC Minutes, Walmart & Target earningsThe ASX is set to open lower on the Wall Street lead, with all eyes on Nvidia after the US close. A beat could stabilise sentiment — a miss into this bond-yield backdrop would amplify the risk-off mood meaningfully.