The Open Bell — Ep. 070 — 28 Sept 2026
Today on The Open Bell:
Trump turned down Iran's offer to reopen the Strait of Hormuz, the waterway that carries roughly a fifth of the world's seaborne oil, and the market's response was instant: if those tankers stay disrupted, inflation isn't going anywhere.
That rejection sent bond yields, the interest rate the government pays to borrow your money, climbing to 5.20% on the 10-year US Treasury, the highest since before the 2008 financial crisis, which means mortgages, car loans, and business borrowing all just got a little more expensive before breakfast.
Meanwhile, in a story that tells you exactly where investors are parking money right now, South Africa's Gold Fields quietly tried to buy Australia's biggest gold miner for AU$38.7 billion and got turned down flat, but Northern Star's shareholders still walked away 9% richer just because the offer became public.
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Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:20 Trump Rejects Iran Hormuz Deal, Sending Oil and Yields Surgi 03:08 Global Bond Selloff Deepens: US 10-Year Yield Hits 5.20% 05:53 Gold Fields' AU$38.7bn Bid for Northern Star Rejected, Share 08:09 Closing thoughts