---
title: "Bonds Bid On Bad Data & 'Hormuz Open', Tech Credit Sinks Stocks, Goldman Reveals 'The One Rate That Matters'"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296264319.md"
description: "US Treasuries rallied on weak economic data, including poor housing and industrial figures, while Trump claimed the Strait of Hormuz was open. Tech stocks fell due to renewed credit risk concerns for AI firms like Nvidia. Gold dropped, Bitcoin rose, and the dollar remained flat."
datetime: "2026-08-18T20:01:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296264319.md)
  - [en](https://longbridge.com/en/news/296264319.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296264319.md)
generator: "portal-rs"
---

# Bonds Bid On Bad Data & 'Hormuz Open', Tech Credit Sinks Stocks, Goldman Reveals 'The One Rate That Matters'

***Tl;dr**: US **Treasuries were bid on bad data** (housing starts, industrial production, pending home sales all ugly) this morning - **after tagging 19-year high yields overnight** - helped by **lower oil prices (or not higher)** as Trump claimed Hormuz 'open' (but **diesel is a disaster**). Stocks under pressure, led by tech/AI, as **credit risks (NVDA) are back on traders' minds** (they never went away). Dollar flat while **bitcoin jumped as gold dumped**.*

For months, we have been warning of the dramatic widening of credit risk for the hyperscalers/AI names (as stocks have rebounded from strength to strength) as CapEx needs demand equity dilution and debt-financing.

## Rates/Credit

### Related Stocks

- [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md)
- [GS.US](https://longbridge.com/en/quote/GS.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md)
- [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md)
- [NVD.US](https://longbridge.com/en/quote/NVD.US.md)
- [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md)
- [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md)
- [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md)
- [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md)
- [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)
- [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md)
- [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md)
- [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md)
- [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md)
- [BITO.US](https://longbridge.com/en/quote/BITO.US.md)
- [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md)
- [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md)
- [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md)
- [HODL.US](https://longbridge.com/en/quote/HODL.US.md)
- [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md)
- [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md)
- [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md)
- [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md)
- [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md)
- [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md)
- [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md)
- [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md)
- [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md)
- [07788.HK](https://longbridge.com/en/quote/07788.HK.md)
- [07388.HK](https://longbridge.com/en/quote/07388.HK.md)
- [03008.HK](https://longbridge.com/en/quote/03008.HK.md)
- [03042.HK](https://longbridge.com/en/quote/03042.HK.md)
- [03430.HK](https://longbridge.com/en/quote/03430.HK.md)
- [09388.HK](https://longbridge.com/en/quote/09388.HK.md)
- [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md)
- [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md)
- [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md)

## Related News & Research

- [NVIDIA Buys Hugging Face, the Heart of Open-Source AI](https://longbridge.com/en/news/297939652.md)
- [Nvidia Gets a $1.47 Billion Supplier Cushion Without Spending a Dollar](https://longbridge.com/en/news/298234350.md)
- [AsiaStrategy enters bitcoin-collateralized credit facility with institutional counterparty in Asia](https://longbridge.com/en/news/298299386.md)
- [Tether CEO outlines strategy to expand dollar network, buy Bitcoin and gold](https://longbridge.com/en/news/298239190.md)
- [Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics](https://longbridge.com/en/news/298116277.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**