Macro news — 07/10/2026

Pentagon orders US forces to finalize preparations for a possible resumption of major combat operations in Iran.

Syria is weighing military aid for Saudi Arabia amid the Yemen war, according to sources.

French political and fiscal turmoil risks pulling the ECB into a standoff with bond investors over sovereign yields.

NY Fed survey shows US one-year inflation expectations jumping to 3.9%, the highest since May 2023.

Gold slides to a two-month low as a strong dollar and rising yields add pressure.

Houthis strike two Saudi airports, killing three residents and injuring dozens as the group escalates attacks on the kingdom.

Iranian official says 'illegal routes' through the Strait of Hormuz will soon be blocked, echoing earlier IRGC warnings.

UK 30-year gilt yields hit a 28-year high as the global bond selloff deepens.

Credit stress deepens as Oracle bond yields and CDS hit records and SpaceX bonds sink to new lows.

Diesel crack spreads jump back above $100 as shipping costs pass through, with markets shrugging off the emergency stock release.

Atlantic: White House asks Pentagon for Iran strike options ahead of midterms, with size and targets not yet set.

New York Fed intervened in the FX market on behalf of the US Treasury.

Fed minutes show officials expect another rate hike, though the timing remains unclear.

Trump says the Fed board would like to see the country do badly, escalating pressure on the central bank.

Paramount credit default swaps surge to global financial crisis levels, signaling mounting corporate credit stress.

Tanker attacks in Hormuz hit their highest weekly level since the Iran war began, sources say.

Mediation efforts between the US and Iran hit a deadlock, dimming hopes of a deal.

US says Strait of Hormuz is no longer a priority after Iran lost control of the waterway.

European bank shares slide again, with Societe Generale and Deutsche Bank down more than 5% on bond-market stress.

Houthis strike Aden airport as fighting in Yemen intensifies, adding to regional security risks around the Red Sea.

The IRGC says it will soon block the southern shipping routes through the Strait of Hormuz.

Iraq devalues the dinar 13% to keep paying public salaries, the second regional currency hit by the Hormuz disruption after Iran's rial.

Pakistan, Turkey and Saudi Arabia trigger a joint defense pact tied to the security of Mecca.

UK 30-year gilt yield jumps over 12bps to 6.034%, the highest since 1998, adding to global bond selloff.

US 10-year Treasury yield tops 5.35% for the first time in 24 years, extending the climb since the pre-Iran-war low.

Spot gold extends losses, down nearly 2% at $4,081.01 an ounce.

Cryptocurrencies slide as a wave of forced liquidations sweeps across digital-asset trading venues.

Iran's army says it will launch a preemptive attack if needed, Fars reports.

Treasury's $39 billion 10-year auction is the day's big risk event amid a bond selloff.

US 30-year Treasury yield climbs 5 basis points to 5.70%, the highest level since 2002.

Iraq devalues its currency by about 13% as Hormuz disruption cuts into oil exports.

IEA board to hold informal meeting today on a proposal to release oil and diesel stocks, Reuters cites EU officials.

IMF's Georgieva urges prudently hawkish central banks, saying rate hikes remain appropriate for the Fed, ECB and BOJ.

Houthis claim ballistic missile and drone strike on Saudi Arabia's Khamis Mushait airbase.

ETH slips below $2,600 as $400 million in crypto long positions are liquidated within 20 minutes.

Exclusive: Vance says Iran must cut nuclear enrichment as a condition to end the war.