News Summary

• The 30-year Treasury yield rose to 19-year highs of 5.26%.
• The 10-year sits at 4.73%, near its upper bound for the last five years.
• The move in Treasury yields has reignited the conversation around a potential AI bubble.
• If either one of these events is likely to lift the spirits of investors, it's Nvidia's Q2 earnings report.
• It's unclear if the Federal Reserve chairman Kevin Warsh will stick with his hawkish messaging.
• But with certain economic data points showing weakness lately, a slightly more dovish tone could be a welcome thing for investors.