Bond Market Meltdown: Investors See No End To The Iran War

Persistent geopolitical conflict between the U.S. and Iran is fueling market volatility, driving Brent crude to $95 per barrel and pushing 10-year Treasury yields to multi-year highs. Investors are increasingly pricing in a prolonged war, as neither side shows willingness to concede leverage. Simultaneously, the regulatory landscape for big tech is shifting, marked by the FTC’s antitrust lawsuit against Amazon for auction manipulation and a $17 billion settlement with Meta over child safety concerns. These actions highlight a growing push for accountability, though political lobbying remains a significant hurdle. Furthermore, the AI sector exhibits signs of a bubble; recent compute deals between Anthropic and Lambda appear circular, as both entities are heavily subsidized by NVIDIA, masking the absence of a sustainable, independent economic foundation for AI infrastructure.