Bonds Retreat, Stocks Churn as Oil Heads for $90: Markets Wrap

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August 11, 2026 - 11:08

4 minutes

(Bloomberg) — Government bonds fell and stocks ticked lower as rising oil prices revived inflation concerns a day before the release of key US consumer price data.Ten-year Treasury yields rose three basis points to 4.73% after a six-point jump on Monday. Germany’s bunds fell for a second day and UK gilts also slid as Brent crude headed toward $90 a barrel. Futures on the S&P 500 were little changed and Europe’s stocks benchmark slipped 0.1%.US President Donald Trump made sweeping new demands on Iran, driving crude higher for a fifth day and rekindling inflation fears as hopes for the reopening of the Strait of Hormuz dimmed.Investors are looking to the US consumer price index reading for fresh signals on the path for Federal Reserve interest rates after Friday’s softer-than-expected data tempered bets on an immediate hike.“Rising real yields have pushed borrowing costs higher across several major economies without policy rate changes,” said Laura Cooper, global investment strategist at Nuveen Administration Ltd. “This week’s US CPI report will help determine whether that shift has gone far enough for the Fed to remain on hold this year.”The US consumer price index probably rose 0.1% in July following a 0.4% decline in the prior month, according to the median projection in a Bloomberg survey of economists ahead of Wednesday’s Bureau of Labor Statistics release.Concerns about rising interest rates are back, with Brent prices about 13% higher than a week ago. Government bonds in the UK were among the biggest decliners as the yield on 10-year notes rose six basis points to 5.05%. Equivalent German yields were up two basis points at 3.20%.Trump insisted compensation from Iran for the people it has killed in conflicts would be part of “any, and all, future negotiations,” following Tehran’s requests for reparations from the war.Rare RunUS stocks are taking a pause after an exceptionally strong earnings season.S&P 500 companies are on track for about 32% year-on-year profit growth in the second quarter, following a jump of 30% in the previous three months, according to figures tracked by Bloomberg Intelligence. The next two quarters are also projected to deliver gains exceeding 20%.Such runs of strong performances are rare, occurring only 10 times since 1936, according to Bank of America Corp. strategists led by Savita Subramanian.Corporate News:US investment giants including Apollo Global Management Inc., Blackstone Inc., BlackRock Inc. and Brookfield Asset Management are partnering with Nvidia Corp. to source $500 billion in financing for artificial intelligence infrastructure. Intel Corp. is seeking to increase the amount it’s raising in a share sale to about $20 billion, according to people familiar with the matter, a third more than it was targeting when it announced the deal Monday morning. Gautam Adani won dismissal of US securities fraud charges, ending a blockbuster case that threatened the expansion of the Indian billionaire’s giant conglomerate. Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data center capacity, people familiar with the matter said. Some of the main moves in markets:StocksThe Stoxx Europe 600 fell 0.1% as of 9:51 a.m. London time S&P 500 futures were little changed Nasdaq 100 futures were little changed Futures on the Dow Jones Industrial Average fell 0.1% The MSCI Asia Pacific Index was little changed The MSCI Emerging Markets Index was little changed CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1537 The Japanese yen was little changed at 159.34 per dollar The offshore yuan was little changed at 6.7469 per dollar The British pound was little changed at $1.3505 CryptocurrenciesBitcoin was little changed at $64,051.37 Ether fell 0.1% to $1,875.73 BondsThe yield on 10-year Treasuries advanced two basis points to 4.73% Germany’s 10-year yield advanced two basis points to 3.20% Britain’s 10-year yield advanced five basis points to 5.04% CommoditiesBrent crude rose 2.4% to $89.79 a barrel Spot gold fell 0.4% to $4,375.36 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Winnie Hsu, Faseeh Mangi and Anand Krishnamoorthy.©2026 Bloomberg L.P.