The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

0834 ET - Middle East business-jet activity is showing tentative signs of recovery after a severe conflict-driven downturn, aviation market-intelligence provider JIQ by Jetnet says. Intraregional departures remain below 2025 levels, but the year-on-year gap has been narrowing from its trough, suggesting the sharpest phase of the disruption has passed and activity is stabilizing. The region's business-jet departures were down 5.7% in the 12 months through July, while activity at one stage ran nearly 50% below preconflict levels following the February outbreak of fighting between the U.S. and its allies and Iran. (farhan.rafid@wsj.com)

0833 ET - Bahrain's nonoil economy expanded in the first quarter even as overall output contracted after regional tensions disrupted oil activity, the Ministry of Finance and National Economy says. Nonoil GDP grew 2.2% on year at constant prices, while total GDP fell 3.8%, driven by an around 37% contraction in oil activities as restrictions on maritime traffic through the Strait of Hormuz weighed on export capacity. Financial and insurance activities were the fastest-growing major nonoil sector, rising 8.6%, while nine of 13 nonoil activities recorded growth. (farhan.rafid@wsj.com)

0830 ET - Saudi Arabia's large infrastructure pipeline is set to drive demand for private credit as projects require increasingly flexible financing, international law firm Eversheds Sutherland says. The firm says logistics networks and major transport and infrastructure projects will require significant capital in coming years, creating opportunities for asset-backed and structured financing. Private capital is increasingly complementing traditional bank lending in funding initiatives for Vision 2030, the country's ambitious infrastructure plan to transform its economy, while regional credit managers are becoming more competitive on both deal structures and pricing, it says. (farhan.rafid@wsj.com)

0828 ET - Abu Dhabi's residential property market continued to surge in the first half of 2026, with sales transactions more than doubling on year to 15,500, according to property consultant Cavendish Maxwell. Total sales value almost tripled to 67.8 billion dirhams, equivalent to $18.46 billion, driven by off-plan properties, which accounted for nearly 83% of transactions. Still, momentum moderated in the second quarter, with transaction volumes falling 9.2% from the previous quarter, suggesting the market may be entering a more measured phase. (farhan.rafid@wsj.com)

0736 ET - Developments in the U.S. could be the key drivers of the Japanese yen rather than domestic factors as the effects of recent intervention fade, strategists at UBS Global Wealth Management say in a note. The U.S. and Japan conducted coordinated forex intervention on August 3, which pushed the dollar as low as 155.21 yen, LSEG data show. The dollar has since recovered some of its losses and is last up 0.1% at 159.48 yen. A resilient U.S. economy and a Federal Reserve that is possibly willing to raise interest rates in the coming months should continue to support the dollar against the yen, the strategists say. However, dollar strength could moderate if upcoming data justify the Fed remaining on hold, they say. (miriam.mukuru@wsj.com)

0717 ET - Markets will pay attention to the U.S. Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium on Friday for any confirmation of the Fed's independence, Marex FX's Jonathan Pryor says in a note. The speech is "an early opportunity [for Warsh] to stamp his authority on the committee at a time when the Fed is facing an unusually complex mix of economic, fiscal and political pressures", Pryor says. Investors will look for indications that Warsh can lead the Fed through this challenging environment, he says. (miriam.mukuru@wsj.com)

0633 ET - Yields on U.S. Treasurys and European bonds rise while the dollar stays steady in mid-morning European trade, ahead of the Kansas City Federal Reserve's Jackson Hole symposium, where Fed Chairman Kevin Warsh will speak Friday. "Overall, monetary policy expectations continue to point to an interest rate hold at the Fed's next meeting before an increase by the end of the year," DHF Capital S.A's Bas Kooijman says in a note. The DXY dollar index is stable at 99.192. The 10-year Treasury yield rises 0.8 basis points at 4.672%; the 10-year German Bund yield rises 3.1 basis points to 3.253% and the 10-year U.K. gilt yield is up 2.6 basis points at 5.037%, according to Tradeweb. (emese.bartha@wsj.com)

0611 ET - The cost of insuring euro credit against default remains steady as data release calendar is light on Thursday. Investors await a speech by the U.S. Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposium on Friday to gain clues on the possible path of future Fed interest-rate decisions. Investors will also be looking to see whether Warsh is prepared to "strongly assert the Fed's independence when faced with the troublesome optics of the administration trying to influence U.S. borrowing costs", Peel Hunt's Kallum Pickering says in a note. The iTraxx Europe Crossover index of euro high-yield credit default swaps is unchanged at 245 basis points, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)

0500 ET - Traders looked to comments by the BOJ's Himino for reassurance that a September rate hike is coming, though the yen's reaction suggests the messaging was more measured than some hoped. While the yen's slight weakening indicates some disappointment that Himino wasn't more explicit, his tone is consistent with a policy board that appears to be considering faster tightening, in endorsing market pricing for a September rate hike, says MUFG's Derek Halpenny. Himino stressed the need to be more alert to inflation risks, which Halpenny says is "the closest you will get to guidance that the pace of rate hikes could be increased." Healso confirmed the BOJ doesn't need full data on past hikes before moving again. With nearly all rate-hike pricing intact, MUFG thinks the BOJ has given a clear signal of intent. (fabiana.negrinochoa@wsj.com)

0445 ET - Bangko Sentral ng Pilipinas' tightening cycle is likely over, as the central bank shifts its attention to support the struggling economy, Capital Economics' Jason Tuvey says in a note. GDP growth slowed further in 2Q to 2.3% on year, its worst outturn beyond the pandemic since late-2009, he notes. Besides a hit to consumer spending amid the energy shock, the economy is also struggling with the effects of President Ferdinand R. Marcos Jr.'s anti-corruption campaign. "For our part, though, we think the recovery will be slow and bumpy and our GDP growth forecasts lie below the consensus," the economist says. CE expects BSP to remain on hold for the rest of 2026, before delivering rate cuts early next year. (amanda.lee@wsj.com)

0443 ET - The Japanese yen risks weakening if comments by Bank of Japan officials suggest they are in no hurry to raise interest rates further, even if they hike rates at the September policy meeting, ING's Francesco Pesole says in a note. Money markets show investors expect two 25 basis-point rate increases by early next year, LSEG data show. "The risks are that officials disappoint markets on the dovish side," he says. The most plausible path for the dollar to stay below 160 yen would be if the U.S. Federal Reserve officials shows a preference for keeping interest rates on hold, rather than raising them in the coming months, he says. The dollar trades steady at 159.30 yen. (miriam.mukuru@wsj.com)

0429 ET - The euro trades steady against the dollar as crude oil prices remained contained, with Brent crude last down 0.5% at $87.38. "The price of crude oil continues to defy expectations of sharper price rises and how the energy price story plays out over the coming weeks will be an important backdrop heading into a heavy month of G-10 central bank meetings," MUFG's Derek Halpenny says in a note. However, natural gas storage in Europe is a concern. The risk of higher inflation and weaker growth in Europe continues to increase and could potentially weaken the euro against the dollar in coming weeks, Halpenny says. The euro is unchanged at $1.1651.