Real Yield 7/16/2026 | Bloomberg Television

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Swaps Projecting Target Met: The 1-year inflation swap fell below 2% (specifically to 1.94%) for the first time since September 2024, signaling intense market conviction that the Fed's inflation containment strategy will hit its targets [00:01:48].
  • Energy Shock Volatility: Renewed kinetic activity in the Strait of Hormuz has sent WTI crude climbing toward $80/bbl and Brent above $85/bbl, presenting a double-barreled threat that compresses consumer retail spending while anchoring a structural floor under core inflation [], [].