Conflict Widens in Middle East, Bonds Send Warsh Credibility Warning | The Opening Trade 7/30/2026
The US launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that’s now spreading across the Middle East. After the Fed kept interest rates unchanged for a seventh consecutive month, investors dumped 30-year Treasury bonds, sending the yield shooting up as much as 14 basis points to nearly 5.23%, a 19-year high. Market measures of inflation expectations rose, the dollar slid, and even stocks tumbled as investors wagered Warsh was o…