Global Bond Market Rout Deepens; Micron Outperforms, Yet Market Stays Wary
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Author:小编   

The three major futures indices are displaying divergent trends: Dow Jones futures are down by 0.40%, while S&P 500 futures have edged up by 0.14%, and Nasdaq futures have surged by 0.57%. The global bond market has witnessed an intensified sell-off, with long-term government bond yields in numerous countries soaring to multi-year peaks. Specifically, the yield on the Bloomberg Global Aggregate Treasury Total Return Index has climbed to its highest point since 2000, and global bonds have incurred cumulative losses of 2.7% for the year.

Micron Technology's financial results for the fourth fiscal quarter of fiscal year 2026 have surpassed market expectations, propelled by a staggering year-on-year increase of over tenfold in revenue from its core data center business. The company's CEO anticipates that the supply-demand dynamics for memory chips will tighten further in the coming period. However, Wall Street remains cautious about the sustainability of this boom cycle, as evidenced by Micron's pre-market stock price, which has slightly dipped by 0.22%.

In the United States, the core Personal Consumption Expenditures (PCE) inflation data for August came in below forecasts, with the annualized growth rate over the past three months reverting to the Federal Reserve's 2% inflation target. This development has led to a reduction in the market's anticipated likelihood of a Fed rate hike in October to 37%. Consequently, U.S. stock memory chip stocks experienced a collective uptick in pre-market trading.

SoftBank has finalized its last additional investment of $10 billion in OpenAI, bringing the total cumulative investment to $64.6 billion and securing a stake of approximately 13%. Furthermore, the final S&P Global Manufacturing Purchasing Managers' Index (PMI) for September in the United States is slated for release, and SpaceX is set to embark on the NASA Crew-13 manned mission.