// 19 ASSETS | TWICE DAILY | MON-FRI | 10 MIN READ

EUR/USD slipped to 1.1623, down 34 pips, as a bond-market rout sent the US 10Y past 4.59% — a one-year high — pulling rate-differential trades back toward the dollar despite a softer DXY headline.

Cable lost 69 pips to 1.3322 as gilts joined the global bond selloff and the bond-FX cross-asset signal flipped: higher UK yields are now seen as a stagflation premium, not a hawkish positive.

USD/JPY pushed to 158.96, up 58 pips, as the US10Y yield spike to 4.59% widened the rate gap to its richest in a year and pinned the yen against a 160 intervention zone.

AUD/USD broke down 110 pips to 0.7135, the day's worst G10 performer, as risk-off bond selloff and China growth angst stacked on top of the global yield shock.

Gold slipped to $4,551, a six-week low, as soaring real yields (10Y TIPS up with nominals) crushed the no-yield hedge — even with Middle East tensions still simmering.

Silver dropped 177 bps to $75.79 as the industrial side of the metal got hit by a sliding Nasdaq and gold's safe-haven bid simultaneously evaporated under the yield assault.

WTI pulled back 2.1% to $103.18 after a +10% weekly run as profit-takers booked the Iran-tension premium ahead of the Trump 'clock is ticking' rhetoric being tested in actual policy moves.

The S&P 500 dropped 1.24% to 7,408, retreating from Friday's all-time high as the bond-market shock and AI-semis selloff combined to take 92 points out of the tape in one session.

Nasdaq 100 sold off 1.54% to 29,125 as AI bellwethers — NVDA -4.4%, TSLA -4.8% — got hit by 'borderline mania' Wall Street headlines coinciding with the worst day for long-duration tech in a month.

The Dow dropped 537 points to 49,526, weighed by industrials and tech, as the bond rout took the index off Friday's record close even with MSFT contributing positively (+3%).

Bitcoin fell 1.46% to $76,992 as the risk-off bond shock dragged crypto with equities — dominance ticked up to 58.2% as altcoins took heavier damage, with ETH -2.6%.

ETH dropped 2.59% to $2,123, again underperforming BTC as the ETH/BTC ratio sank back toward 0.027 — the lows of the cycle — on no fund-flow catalyst, just pure beta to the risk-off tape.

NVDA cratered 4.42% to $225.32 — its worst session in two months — as 'borderline mania' Wall Street headlines and the broader yield-shock combined to take the AI bellwether off Friday's $236 high.

Tesla dropped 4.75% to $422.24, the worst Mag-7 performer, as headlines on Musk's 'management-favorable' SpaceX IPO structure and a US Model Y price hike both landed as marginal negatives.

Apple bucked the tape with a +0.68% gain to $300.23, closing right against its 52-week high as defensive flows favored stable-cashflow tech over high-beta AI names on the down day.

Microsoft was the standout, surging 3.05% to $421.92 — the only Mag-7 name materially up — as flows rotated into the AI name with the cleanest enterprise-revenue story versus pure-play silicon.

META slipped 0.68% to $614.23, the most resilient of the high-beta tech complex on the down day as ad-budget defensiveness and the in-progress AI capex story both supported.

Alphabet dropped 1.07% to $396.78, mirroring the Nasdaq's slide as the AI-search disruption narrative and the bond shock combined to take the name off its 52-week high at $403.70.

Amazon dropped 1.15% to $264.14 as the consumer-cyclical side got hit on rate fears and AWS got tagged with the broader AI-spend reset, taking the name 5% off the 52w high at $278.56.