Edition for Monday, August 3, 2026
Yield Curve Inversion Deepens Ahead of Manufacturing Data
The persistent inversion of the two-year to ten-year Treasury yield curve will continue to weigh on equity sentiment as upcoming manufacturing PMIs confirm decelerating growth, pushing the S&P 500 lower on Monday.
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Opening Bell
SPX
-0.80%
↑ 30%
NDX
-0.70%
↑ 35%
DJI
-0.90%
↑ 30%
RUT
-1.20%
↑ 25%
VIX
+3.50%
↑ 70%
DXY
+0.30%
↑ 60%
The Editorial
The persistent and deepening inversion of the Treasury yield curve, particularly the 2-year to 10-year spread, will amplify market concerns ahead of crucial manufacturing data, leading to a negative session for equities on Monday.