Rising yields, AI momentum and media industry challenges 10/8/26

Record chip profits and NVIDIA's $6T march mask rising rate risk, AI-debt supply, and private-credit exposure that could strain markets.

• Yields vs. earnings race: UBS's Kieran Ganesh says markets face a 'race between earnings and yields' with the 10-year near 5.33% and 30-year at 5.7%, a quarter-century high.
• Oil spikes on Iran risk: WTI jumped ~4% to near $92 and Brent above $104 after Axios reported the Pentagon told CENTCOM to prep for renewed Iran combat operations, possibly before midterms.

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