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The governor of Kherson Oblast in Ukraine said that a Russian drone attack on a bus killed four people.

2026-08-19

The governor of Kherson Oblast in Ukraine said that a Russian drone attack on a bus killed four people.

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2026-08-19

Goldman Sachs Delta-one head Rich Privorotsky says current rate pressure is increasingly a bond-supply problem. Recent US data has softened and pushed down short-end yields, but long-end yields remain under pressure as markets must absorb large sover

Goldman Sachs Delta-one head Rich Privorotsky says current rate pressure is increasingly a bond-supply problem. Recent US data has softened and pushed down short-end yields, but long-end yields remain under pressure as markets must absorb large sovereign deficits and potentially more than $1tln a year of AI-related capex increasingly financed via the debt markets. Privorotsky says markets will need higher real rates to absorb that supply, implying long-term yields may not fall even if growth weakens; the curve could remain split — short end driven by data and central bank policy, long end constrained by fiscal and financing supply. He flags an extreme scenario where a loss of anchoring at the long end forces the Fed to stay tighter amid weak data to flatten the curve and stabilize long-term rate expectations. He identifies the mid-term market’s The biggest risk as long-end rates, not the timing of a single rate cut.
2026-08-18

The U.S. pending home sales index fell 2.5% year-over-year in July, compared with 2.30% previously.

The U.S. pending home sales index fell 2.5% year-over-year in July, compared with 2.30% previously.
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