Bond Yields Spike, a Venezuela Oil Twist, and the Army's Latest Shakeup

This beat established the bond market shock in full: the 10-year Treasury near 4.79% (a 20-month high), Japan's 10-year above 3% for the first time since 1996, UK gilts at their highest since 2008, and Brent crude up over 2% to about $92/barrel, all tied to new U.S.-Iran strikes near the Strait of Hormuz. It also worked two new angles on the same facts — that corporate borrowing costs rise alongside consumer ones, and that the yield move is already showing up in real-time quotes for people currently buying homes, not just an abstract chart. The bond/yield numbers, the Hormuz-to-borrowing-cost explanation, and both follow-up angles are fully spent; the next beat should move straight into the Venezuela oil deal's hidden catch. In this episode, we cover Bond Yields Blow Past Multi-Decade Highs, The Venezuela Oil Deal: Win or Warning Sign?, Army Secretary Dan Driscoll Steps Down.