Top Stories This Morning: The U.S. Has Left Open the Possibility of Withdrawing from the Iran Nuclear Deal; Anthropic Has Postponed Its IPO

The yield on 10-year U.S. Treasuries is approaching the 4.8% mark; according to Miller Tabak, a sustained rise above this level could create problems for other asset classes. The U.S. may abandon the nuclear agreement with Iran and instead continue to dismantle its nuclear weapons capabilities, Energy Secretary Chris Wright said. Oil prices jumped above $97 amid new U.S. strikes on Iranian tankers. Anthropic has postponed its IPO until mid-October, Reuters reported. Read about these and other topics in our roundup of key events as of the morning of September 7.

Antropic, an AI lab, is expected to launch a roadshow (a marketing campaign for its initial public offering) ahead of its IPO no earlier than mid-October and will complete the listing a few days before the U.S. midterm elections in November, sources familiar with the matter told Reuters.

It was previously expected that the AI company would release its IPO prospectus as early as this week, as reported by the Financial Times, among others. However, sources speaking to Reuters now say that Anthropic is not expected to do so before the end of September. But plans, including timelines, are subject to change, the agency notes.

A sustained rise in yields on 10-year U.S. Treasury bonds above 4.8% could create “serious problems” for other asset classes, according to Matt Mealy, chief market strategist at Miller Tabak, as reported by CNBC. Pressure on yields is intensifying due to the growing budget deficit, U.S. national debt exceeding $40 trillion, and large-scale issuances of Treasuries and corporate bonds. More than $8.4 trillion in U.S. debt is set to be refinanced by the end of the year.

Breaking through the 4.8% mark could lead to a revaluation of long-term bonds, expensive growth stocks, commercial real estate, and certain private assets. HSBC raised its forecast for the yield on 10-year Treasuries at the end of 2026 from 4.3% to 4.65%. Meili believes that even a short-term decline in yields will not solve the problem without significant changes in U.S. fiscal policy. On Friday, the yield on 10-year U.S. Treasuries stood at 4.784%. On September 7, U.S. stock exchanges are closed in observance of Labor Day.

The U.S. may not sign a nuclear agreement with Iran and instead continue to dismantle its capacity to develop nuclear weapons, Energy Secretary Chris Wright said, according to CNBC. He said the military is also seeking to halt Iranian oil and gas exports in order to “strangle” the country’s economy and bring about a change in policy or regime.

The statement came amid a new escalation: The U.S. attacked three Iranian oil tankers in response to missile strikes on American ships. Tehran threatened to respond to new attacks “faster, harder, and more painfully” and announced a new restricted zone in the Persian Gulf beyond the Strait of Hormuz. Against this backdrop, Brent crude prices jumped by more than 1% on September 7—rising above $97 per barrel—while U.S. WTI is trading at $92.53.

Donald Trump’s special envoys, Steve Whitcoff and Jared Kushner, visited Kyiv for the first time following talks in Moscow and met with Vladimir Zelenskyy, according to Bloomberg. “We made progress in Moscow. We have new ideas, and we’ve brought them to Kyiv,” Whitcoff said. The parties agreed to continue talks, though the time and place of the next meeting have not yet been determined.

Zelenskyy did not disclose the details of the proposals, noting that territorial issues must be resolved at the leadership level. Meanwhile, Ukraine is preparing for the war to continue for at least one more winter and expects to receive an aid package from its allies that includes strengthening air defense, support for the energy sector, and shipments of U.S. LNG.

Huawei and Xiaomi will unveil new foldable smartphones just a few days before the release of the first foldable iPhone, according to Bloomberg. Huawei will showcase the three-section Mate XT 2 with new LogicFolding chip architecture, while Xiaomi will unveil the 18 Fold with memory from Chinese company CXMT and its own Xring O3 processor.

Apple's entry could dramatically expand the foldable device market: its smartphone is expected to cost more than $2,000, the agency notes. According to a forecast by Smart Analytics Global, Apple could capture a quarter of the global foldable smartphone market as early as this year, and take the top spot next year with a 41% share.

— Japan's broad-based Topix index rose 0.5%, while the Nikkei 225 rose 2%.

— Hong Kong's Hang Seng Index fell 1%, while mainland China's CSI 300 Index rose 0.2%.

— In South Korea, the Kospi rose 4.2%, and the Kosdaq rose 0.9%.

— Australia's S&P/ASX 200 rose 0.1%.

— U.S. stock exchanges are closed on September 7 in observance of Labor Day in the United States. Nasdaq 100 futures rose 0.1%, S&P 500 futures fell 0.08%, and Dow Jones Industrial Average futures declined 0.4%.

This article was AI-translated and verified by a human editor