---
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

- [Amboss Opens Affiliate Program: Earn Recurring Bitcoin Commissions by Growing Bitcoin Payments](https://longbridge.com/en/news/296124824.md)
- [What Nvidia's $500 billion Wall Street deal signals about the AI boom](https://longbridge.com/en/news/296063112.md)
- [Bitcoin Standard Treasury Company (BSTR) Terminates Business Combination, Team Continues Pursuing Active Bitcoin Treasury Management | CEPO Stock News](https://longbridge.com/en/news/296540800.md)
- [Bitcoin lands on the same custody rails Citi uses for equities and bonds](https://longbridge.com/en/news/296272222.md)
- [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md)

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