VG Long-Term

The U.S. 20-year Treasury auction ended poorly, with the 20-year Treasury yield breaking 5% and the 10-year Treasury yield surpassing 4.5%, advancing to 4.6%. The outcome aligns with Dolphin Research's analysis in the weekly strategy report: once the 10-year Treasury yield exceeds 4.5% and continues to rise, U.S. stocks follow with a correction. Regarding the surge in Treasury yields, Dolphin Research also noted in the report that while Trump claims to be a fiscal hawk, his tax cuts ultimately result in significant deficit policies.This means the deficit issues from the pandemic-era stimulus remain unresolved, and the federal government is adding more debt. The lack of market confidence naturally led to lower auction prices for U.S. Treasuries. Meanwhile, strange developments are occurring with Japanese bonds: Japan was the largest holder of U.S. Treasuries, but now Japan and the U.S. are negotiating, with the U.S. pushing for yen appreciation. From a trading perspective, yen appreciation against the dollar would expose Japanese private institutions holding U.S. Treasuries to exchange rate risks. Japanese insurers, similar to those in Taiwan, previously did not hedge against currency risks during the dual rise of the dollar and dollar-denominated assets. Thus, the optimal move during yen appreciation is to repatriate funds: sell U.S. Treasuries and buy Japanese bonds.However, the latest news indicates the negotiations failed, meaning trades based on expected agreements must now be unwound—buying U.S. Treasuries and selling yen. The result is a yen correction and rising Japanese bond yields.$VG Long-Term(BLV.US), $ProShares Shrt QQQ(PSQ.US), $SPDR Gold Shares(GLD.US), $Currencyshares JPY Trust(FXY.US), $Invesco Db Dlr Idx Bearish ETF(UDN.US)Additional note: Overseas creditors hold about 30% of U.S. Treasuries, with over 15% held by foreign private institutions rather than official entities. Japanese private institutions hold an even larger share, giving them greater pricing power in Treasury transactions than official entities.<figure class="image"></figure>The chart shows Japan was indeed selling U.S. Treasuries in April, but by the week of May 17, it had shifted to net buying. In other words, without Japanese buyers, Treasury yields might have risen even higher. If Japan and the U.S. eventually reach a trade agreement and the yen appreciates, Japanese buyers may further sell U.S. Treasuries.<figure class="image"></figure> The weakening trend of the dollar is certain in this process. If the U.S. continues large-scale Treasury financing under these conditions, it’s no surprise that investors are betting on the 10-year Treasury yield soaring to 5%.Reference: &#34;Big but Ugly&#34; = &#34;Big Deficit&#34;: Will U.S. Stocks Suffer Again Due to Treasuries? https://longportapp.cn/zh-CN/topics/29808412

“大而美”=“大赤字”，美股又要被美债连累了？ - LongPort

Invesco Db Dlr Idx Bearish ETF

ProShares Shrt QQQ

Currencyshares JPY Trust

SPDR Gold Shares

Vanguard Long-Term Bond ETF Attracts Attention Due to Higher Yield

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

600547

09824

Global bond markets stabilized as the dollar strengthened after President Trump called off a planned attack on Iran, easing some inflation concerns. Brent crude oil prices fluctuated above $110 a barrel. U.S. stock futures remained flat, while European markets saw gains, particularly in software stocks. Treasury yields edged higher, and gold prices held steady amid expectations of rising interest rates. Analysts noted that geopolitical tensions could impact gold prices depending on developments in the Iran situation.

MorningStar

SD-GOLD

EFUND GOLD MI-U

iShares Gold Trust

Roundhill Gold Miners Weeklypay ETF

Microsectors Gold Miners 3x Leveraged ETN

VanEck Junior Gold Miners ETF

YieldMax Gold Miners Opt Inc Strgy ETF

Abrdn Gold ETF Trust

Sprott JR Gold Miners ETF

ChinaAMC Gold ETF

VanEck Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

Pro Ultr GLD

Sprott GLD Miners Etf

iShares MSCI Global Gold Miners

Us Gbl GLD & Met

Direxion Daily Jr Gold Miners Bull 2X

EFUND GOLD MI-R

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

GLOBAL X Gold Explorers

EFUND GOLD MI ETF

ING Groep

S&P 500

Dow Jones Industrial Average

NASDAQ Composite Index

Alphabet

Alphabet - C

Blackstone

Hang Seng Index

SAP SE

SAP AG-Sponsored

Rheinmetall AG

IG Group Holdings plc

Sage Group plc

RHEINMETALL AG UNSP ADR EACH REPR 0.2 ORD

Global Bond Markets Stabilize Though Inflation Fears Remain

Shares of Automatic Data Processing Inc. (ADP) rose 3.94% to $222.94 on a mixed trading day, outperforming some competitors. The stock is 32.43% below its 52-week high of $329.93. The Dow Jones rose 0.32%, while the S&P 500 fell 0.07%. Trading volume was slightly below the 50-day average.

MarketWatch Automated

Automatic Data Process

Oracle

Accenture

Workday

Factset Research

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

Automatic Data Processing Inc. Stock Outperforms Competitors On Strong Trading Day

US OvernightThe S&P 500 rose 0.77% to a record above 7,500, the Nasdaq gained 0.88% to a record 26,635, and the Dow advanced 0.75% (+370 points) to 50,063 — its first close above 50,000 since February. All three indexes hit new all-time highs. The rally was fueled by the Trump-Xi summit in Beijing, where both leaders agreed the Strait of Hormuz should remain a "free waterway." Treasury Secretary Bessent told CNBC that China will use its influence with Iran to help reopen the strait.

- The S&P 500 index rose by 0.77%, reaching over 7500 points, along with record highs for the Nasdaq and Dow Jones.  
- This market rebound was driven by a summit between Trump and Xi, where both leaders agreed on the importance of free navigation through the Strait of Hormuz.  
- Major corporate movements included a 68% increase for Cerebras Systems on its IPO, signaling strong demand for AI semiconductors, as well as significant stock gains for Cisco and Nvidia following positive earnings reports.

LB Select

iShares Core S&P 500

NASDAQ-100

SPDR Djia

VG Growth

Pro UltrPro Dow30

iShares Dow Jones US

VG Mga Cap 300 Grw

Pro UltrPro S&Pro 500

Proshares UltraPro QQQ

Invesco Nasdaq 100 ETF

ProShares Ultra Dow30 ETF

First Trust NASDAQ-100 Equal Weighted

VG S&P 500

Fidelity Nasdaq Composite Index ETF

Schw Us L-Cp Grw

Avantis US Large Cap Value ETF

Cerebras

Guggenheim DJIA Ave Div

Invesco QQQ Trust

SPDR S&P 500

SG Morning Brief | Dow Retakes 50K, Cerebras Surges 68% in Biggest IPO of 2026

General Mills Inc. (GIS) shares fell 1.43% to $33.13 on Thursday, marking its second consecutive day of losses, despite a positive trading session for the stock market. The S&P 500 rose 0.77% and the Dow Jones increased by 0.75%. General Mills is currently 40.14% below its 52-week high of $55.35. In comparison, Mondelez International (MDLZ) dropped 0.89%, Kraft Heinz (KHC) gained 0.56%, and Hershey (HSY) fell 2.73%.

General Mills

Mondelez

Kraft Heinz

Hershey

Kraft Heinz Company

General Mills Inc. Stock Underperforms Thursday When Compared To Competitors

USDU

The USD remains stable as markets adopt a cautious tone ahead of US retail sales and jobless claims data. President Trump's meeting with China's Premier Xi and a lull in the Iran-US conflict have eased geopolitical tensions. US equity futures are slightly up, with the S&P 500 and NASDAQ hitting record highs. Treasury yields are down, and UK political news includes the resignation of Health Minister Wes Streeting. Economic forecasts predict a rise in retail sales and jobless claims, while the US dollar shows little change before the data releases.

Investinglive

Wtree Bbg Usd Bull

SPDR S&P Retail ETF

Invesco DB US Dollar Index Bullish Fund

The USD is little changed ahead of US retail sales, jobless claims

SPXL

UPRO

S&P 500 Rally Extends as Bulls Target 7,500

Barchart Option

Direxion S&P 500 Bull 3X

Ultr S&P 500 Pro

S&P 500 Rally Extends as Bulls Target 7,500

The S&P and NASDAQ indices closed at record levels despite higher-than-expected PPI inflation data. The NASDAQ closed at 26,402.34, surpassing its previous high from May 11, while the S&P closed at 7,444.24, also above its May high. In contrast, the Dow industrial average fell by 68.01 points to 49,697.96, remaining below its May high. The Russell 2000 remained nearly unchanged. Final index numbers: Dow -0.14%, S&P +0.58%, NASDAQ +1.20%, Russell 2000 +0.04%.

The S&P and NASDAQ indices close at record levels. The Dow industrial average lags

.SPX

.DJI

Wholesale prices surged 1.4% in April, marking the largest increase in four years, with a 12-month rise of 6.0%. This signals further inflation, potentially exceeding 4% soon. Core wholesale prices also rose by 0.5%, reaching a three-year high of 4.4%. The ongoing Iran conflict and rising oil prices are key contributors to persistent inflation, complicating the Federal Reserve's ability to cut interest rates. Market reactions showed declines in the Dow Jones and S&P 500 following the PPI report.

- The producer price index (PPI) increased by 1.4% in April, exceeding forecasts and marking the largest rise in four years.  
- Over the past year, wholesale prices rose 6.0%, driven mainly by higher oil prices, indicating potential future inflation increases for consumers.  
- With inflation moving away from the Federal Reserve's target of 2%, the central bank may refrain from cutting interest rates, impacting markets and homeowners.

Dow Jones

Wholesale prices jump to 4-year high and point to even more inflation in the next few months

SPLB

FIGB

The U.S. stock market is experiencing volatility due to rising tensions with Iran and increased oil prices. In this uncertain environment, investors are encouraged to consider bond ETFs for steady income. Three recommended bond ETFs with at least a 4% dividend yield are Vanguard Long-Term Bond ETF (BLV), Fidelity Investment Grade Bond ETF (FIGB), and SPDR Portfolio Long Term Corporate Bond ETF (SPLB). These ETFs provide diversification at a low cost, making them attractive options for investors.