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Economic··Severity 7

Trump Downplays Desire for Iran Deal, Global Bonds Slump | The Opening Trade 9/2/2026

The conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated. Meanwhile President Donald Trump downplayed the chances of a deal, writing in a post on Truth Social that he’s “not trying to force Iran to the bargaining table.” The selloff sweeping global bond markets looks painful, but it’s nothing compared with the rout four years ago, when soaring inflation forced central banks into a series of rapid-fire interest-rate hikes. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)

Scenario chain

Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.

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49%

Forecast derived from cascade analysis. Watch confirmation indicators below.

Primary source: Bloomberg Markets

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