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US 10-Yr Yields At Highs, Market Watches Jobs Data, Chile Copper Decline

10Y hits 19mo high as Bessent's bond fix falters; jobs week ahead; GCC pulls capital home; China PMI contracts; Chile copper output slumps.
Published: September 1, 2026
Written by:
James Brodie

James Brodie

Head of Learning & Development, Flux
James Brodie
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong

12 days since US government intervention in the bond markets and US 10-year yields are at 19-months highs (Chart, TradingView), with the 2-year about to break out. Bessent has a problem.

After Warsh’s hawkish Jackson Hole speech, the market is now looking straight at the jobs data.
Tuesday: JOLTS + ISM Manufacturing
Wednesday: ADP + Treasury buybacks
Thursday: ISM Services + Jobless Claims
Friday: NONFARM PAYROLLS + UNEMPLOYMENT

Bloomberg report that GCC members are redirecting more of their own capital generation toward domestic priorities. For international markets, this translates to a tighter capital supply just as demand is rising.

China’s NBS manufacturing PMI remains in contraction, marginally, at 49.8.

Brent in a converging triangle looks set to break out aggressively. (Chart, Trading View)

A massive decline for the world's largest copper-producing nation Chile’s copper output declines 9.4% in July hit by severe weather.

Written by

James Brodie

Head of Learning & Development, Flux
James Brodie

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