RESPIRATORY ILLNESS SEASON IS HERE

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Summer is in our rearview mirror and fall is here. Shorter days, cooler temperatures, leaves changing, football back on tv, there is a lot to love about fall. Unfortunately, sweater weather means more than pumpkin spice lattes and the NFL on Sundays, it also means the beginning of respiratory illness season.

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Stocks hit on Huang exit and crude jumps on fading US/Iran deal hopes - Newsquawk US Market Wrap

NVDA's CEO Huang resigns, CFO takes interim CEO role, with the company set to be probed; Iran says enemy military strike hit Sirik; US President Trump says US doesn't need a deal with Iran; Weak US 30yr bond auction; Houthis say they targeted Saudi Aramco in Riyadh with a drone; EIA shows surprise builds in crude, gasoline and distillate stocks while SPR draws down; US Existing Home Sales decline more than expected; US initial claims rise 9k to 200k; AMD upgraded; NBIS revenue guidance disappoints.
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Yields Hit Session High After Ugly, Tailing 30Y Auction

Overall, this was another ugly auction, and while not quite as bad as the 10Y earlier this week, which was truly ghastly, it was ugly enough to add insult to Jensen injury, pushing 10Y yields to session highs above 5.10%, and back into "oops rates did it again" territory.