ProShares Shrt QQQ

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

VG Long-Term

Currencyshares JPY Trust

SPDR Gold Shares

Nasdaq 100 Index Futures Erase Losses and Trade Near Flat

US equity index futures generally declined

PSQ to Release Quarterly Earnings on August 14, Analysts Expect EPS of -0.30 USD

PSQ (New York Stock Exchange: PSQH) will release its quarterly financial report data on Wednesday, May 15th

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

WEAT

The wheat market is mostly higher, with Chicago SRW futures up 5-6 cents and KC HRW futures up 4-5 cents. The US spring wheat crop is 73% planted, ahead of the 5-year average. Winter wheat is 71% headed, but condition ratings dropped to 27% good/excellent. Rains are expected in the Southern Plains, potentially delaying harvest. Current wheat prices include Jul 26 CBOT Wheat at $6.69 3/4, up 5 1/4 cents.

nasdaq

Teucrium Wheat

Nasdaq

Wheat Holding onto Tuesday Gains as Crop Conditions Drop

.IXIC

.NDX

Nasdaq futures face a bearish outlook after failing to maintain a push towards 29,300, indicating a potential bull trap. The current bias is bearish below this level, with key targets at 29,114, 28,966, and 28,942. Market sentiment is influenced by geopolitical developments and rising real yields, affecting tech and growth stocks. Traders should monitor the bond market closely and be prepared for volatility, particularly in the energy sector due to recent diplomatic progress with Iran.

- Nasdaq futures are currently biased bearish as they failed to maintain a push above 29,300, leading to potential selling opportunities.  
- Key levels include 29,250 as a resistance zone and targets of 29,114, 28,966, and 28,942 for bearish traders, while bulls require a sustained reclaim above 29,300 to repair the failed breakout.  
- The broader market is influenced by geopolitical developments and tightening macroeconomic conditions, prompting investors to remain cautious in their trading strategy.

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NASDAQ Composite Index

NASDAQ-100

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Fidelity Nasdaq Composite Index ETF

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ISHRS Russ 1000 Growth

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Nasdaq analysis today shows bull trap risk rises after failed push toward 29300

EU lawmakers have reached a provisional agreement on legislation tied to the EU–US trade deal, the Cyprus EU Council Presidency says.

Unusual Whales

EU lawmakers have reached a provisional agreement on legislation tied to the EU–US trade deal, the Cyprus EU Council Presidency says.

The U.S. cybersecurity agency CISA faced a significant security lapse when a researcher discovered exposed credentials on GitHub, allowing access to sensitive systems. The credentials, linked to a CISA contractor, included access tokens and cloud keys. Despite the breach, CISA has not confirmed any unauthorized use of the credentials. The incident raises concerns about CISA's cybersecurity practices, especially as the agency has been without a permanent director since January 2025 and has seen workforce reductions.

TechCrunch

US cyber agency CISA exposed reams of passwords and cloud keys to the open web

According to the European People’s Party, an agreement on US tariffs has been secured, providing clarity and stability for European companies.

According to the European People’s Party, an agreement on US tariffs has been secured, providing clarity and stability for European companies.

The WSJ reports little progress in US/Iran negotiations, with Iran maintaining its demands for an end to hostilities and financial relief while resisting US nuclear program restrictions. Trump halted strikes citing positive developments, but further military action remains possible. Iran has retaliated by disrupting traffic in the Strait of Hormuz and launching drone strikes, raising risks to global energy markets and regional security.

WSJ: Little progress in US/Iran talks

According to the European People’s Party, the deal should stabilise EU–US trade ties while leaving room for continued negotiations on outstanding matters.

According to the European People’s Party, the deal should stabilise EU–US trade ties while leaving room for continued negotiations on outstanding matters.

Cuban President Miguel Díaz-Canel warned that any U.S. military action against Cuba would lead to a 'bloodbath' and destabilize the region. He emphasized that Cuba poses no threat and has the right to defend itself. The U.S. has increased pressure on Cuba, blocking oil shipments and demanding political reforms. The Trump administration plans to protect U.S. interests and has offered humanitarian assistance, which Cuba has refused. Tensions remain high as the U.S. focuses on Cuba following conflicts in other regions.

ZeroHedge

Palantir Tech

Cuban Leader Warns Of Potential 'Bloodbath' If US Takes Military Action

The IRGC announced it thwarted an attempt to smuggle US-made weapons into Iran, targeting groups in northern Iraq. They confiscated a large shipment intended for 'counter-revolutionary terror groups' and warned of severe consequences for collaborators. This comes amid US efforts to arm Kurdish groups to destabilize Iran, with past claims of weapon smuggling during unrest. Tensions remain high as Kurdish militias face attacks from Iranian forces.

IRGC Says It Foiled US Arms Shipments To 'Terror Groups' Near Border With Iraqi Kurdistan

Kevin Warsh has been confirmed as the new chairman of the US Federal Reserve. While he asserts commitment to the Fed's independence, concerns arise about potential government influence. Warsh has criticized the Fed's interest rate strategies, reflecting some of President Trump's views, which may impact bond investors.

Businesstimes News

What bond investors should know about a Warsh-led Federal Reserve