Welcome to Markets Desk, your midday read on what's moving and why.
The bond market is sending a clear warning signal. Thirty-year Treasury yields have climbed to levels not seen since before the Great Recession, and strategists are calling it a danger zone. The concern is that sticky inflation, combined with surging long-term yields, could begin pressuring equities in ways that are difficult to contain. When the bond vigilantes wake up, everybody listens.
Staying with the labor picture, Indeed's chief economist Svenja Gudell is pushing back against the narrative that artificial intelligence simply destroys jobs. Her argument is that sectors most exposed to AI disruption are actually seeing the strongest growth in job demand. The technology may be changing the nature of work, but it appears to be expanding headcounts rather than eliminating them.
And in Washington, Vice President JD Vance addressed his recent stock trading activity disclosed in Trump administration financial filings, brushing off scrutiny with a casual dismissal. He also reiterated support for banning congressional stock trading, a position both he and the president claim to share, though critics note the timing of that statement carries its own particular irony.
That's the tape. Markets Desk, signing off the floor.
