CNBC Daily Open: Apple's new iPhone bends. Bond vigilantes, not so much
Apple has launched its first foldable smartphone, the iPhone Duo, alongside updates to its existing product lineup. Simultaneously, the U.S. Treasury has significantly increased its bond buyback operations to stabilize debt markets.
Why it matters
The release of a foldable iPhone marks a major shift in Apple's hardware strategy, while the Treasury's aggressive bond intervention reflects ongoing concerns about U.S. fiscal liquidity.
Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.
Apple has released new devices, including the company's first foldable phone — and iPhone18 in new colors.
Elsewhere, the U.S. Treasury announced it was stepping into the bond markets again, tripling the normal buyback operation.
And in the midst of the jolts in the markets due to the Hormuz conflict, U.S. President Donald Trump's energy portfolio has surged by millions, a CNBC analysis found.
Seven years after rival Samsung launched its first foldable phone, Apple has done the same , releasing the iPhone Duo.
While the marketing material promised many new features, such as an external and internal screen, a fingerprint sensor on its side and a titanium case, social media commentary seemed to zero in on just one thing: will it have a prominent crease?
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