Good morning, you're listening to Markets Desk.
Equities are under pressure today as the ten-year Treasury yield climbs to a nineteen-year high, dragging the S&P five hundred down roughly two-tenths of a percent and the Dow off by more than half a point. Rising yields are doing what they always do — pulling capital away from risk assets and tightening the cost of borrowing across the board.
Feeding that pressure is a fresh wave of supply chain cost inflation hitting US manufacturers. Donald Trump's military engagement with Iran and the ongoing tariff regime are driving input prices higher, while surging demand for AI infrastructure is squeezing availability of key components. The combination is compressing margins and forcing procurement teams to reprice forward contracts in real time.
On the defense side, a new Pentagon watchdog report reveals US forces expended more than twenty-two billion dollars in munitions during the Iran conflict, creating significant shortages of strategic weapons stockpiles. Experts are now warning that the United States could find itself insufficiently armed should a separate conflict emerge in the near term, raising serious questions about readiness and the pace of replenishment.
That's the tape. Markets Desk, signing off the floor.
