Morning Report

Global markets were volatile on May 20, 2026, as geopolitical tensions in the Middle East and surging US bond yields pressured equities and strengthened the USD.

Key Takeaways

• 1.Markets are volatile as optimism for a US-Iran deal fades and NATO considers contingency plans for the Strait of Hormuz.
• 2.US bond yields surged to multi-year highs, with the 30-year reaching 5.20%, its highest since 2007.
• 3.Global equity markets were mixed with the US declining on higher yields while the ASX 200 outperformed.

Table of Contents

• Key themes
• Data snapshot
• Today's insights
• Financial Markets
• International Data
• Today's key data and events
• Local Data
• Corporate Directory

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