Week of 24 August 2026
Weekly markets 24 08 2026
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The Treasury's bond buybacks take the spotlight this week, an attempt to cap long-term borrowing costs that Citadel is calling "financial repression." The move has weakened the dollar and lifted gold, without doing much to hold down 30-year yields. We also cover the Black Sea grain crisis, as Russian and Ukrainian attacks on each other's ports threaten a third of global wheat supply and push futures to near three-year highs, with economists forecasting an 11.8% jump in food prices this year. Finally, we look at the growing pack of challengers circling Nvidia, from AMD and Broadcom to hyperscalers building their own chips, as the AI chip market races toward $1 trillion.
