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The Daily Briefing · Wednesday, August 19, 2026
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Global Bond Market Rout Drives Yields to Decade, High Levels
The US 30, year yield surged to a 19, year high of 5.33% as a global bond market rout swept Japan to 30, year peaks and European yields to post, 2008 highs.
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Also today
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Canada Braces for 50% US Tariffs as Deadline Arrives
The US Section 338 tariff activates at 12:01 a.m. August 19, covering an estimated $20 billion in annual Canadian exports across dozens of product categories.
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FOMC Minutes Test Markets With Oil at $91
The Fed held rates at 3.5%, 3.75% in a 9, 3 vote at its July 29 meeting; three dissenters pushed for hikes, the sharpest internal split under Chair Kevin Warsh.
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Cochlear Trims Dividend as Hearing Implant Profit Falls
FY26 underlying net profit fell 22% to A$322 million, reaching the upper bound of Cochlear's twice, revised guidance range.
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Yen at 159 as BOJ Rate Path Aims for 1.5%
The yen retreats to 159.08, erasing its intervention rally, as Aberdeen forecasts the Bank of Japan will deliver back, to, back rate hikes to 1.5% by December.
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Brookfield Raises Reliance Worldwide Bid to A$4.75
Brookfield's fourth bid carries a 31.6% premium to RWC's last close of A$3.61 and values the group at 12.1x FY2026 adjusted EBITDA
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Oil Surge Revives Fed Hike Bets for 2026
Fed funds futures price an 82% probability of a rate increase at the September FOMC meeting, up from 53% one week prior.
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More headlines
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Oil Barrels Top $85 as Hormuz Stays Sealed
Brent settled near $91 and WTI topped $85 as the IEA flags a global oil supply deficit of 1.8 million barrels per day this quarter.
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Storage Stocks Dive as WSJ Flags $3T AI Exposure
SanDisk (SNDK) dropped 9%, Marvell Technology (MRVL) fell 8%, Seagate (STX) sank 8%, and Western Digital (WDC) declined 7% on August 18.
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Bond Yields at Multidecade Highs Drag S&P 500 Lower
U.S. 30, year Treasury yield hit 5.33%, a fresh 19, year high, driven by inflation persistence and a widening federal fiscal deficit
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Stellantis Hits 52, Week Low on 848,000, Vehicle Recall
STLA fell 4.8% to $5.11, setting a new 52, week low as the global recall total reached 955,000 vehicles.
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Video of the day
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GDP Per Capita
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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