The 50 most visited AI tools
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A Significant Decrease in High-Yield Bonds' Maturation Life: An Impending Threat?
Deutsche Bank's analysis of #highyield corporate bonds' maturity offers intriguing insights. In the last two years, the average maturity of high-yield bonds has significantly decreased, signaling companies' hesitancy to issue new debt amidst rising interest rates. This trend underscores the pressing challenges faced by high-yield borrowers on both sides of the Atlantic, with refinancing costs reaching levels seen only in severe crises over the past two decades. Not to mention that HY credit spreads are low, so what if they were to start widening sharply? #HighYieldBonds #FinancialInsights #MarketTrends #DeutscheBank #BankOfAmerica #Finance Source: Bloomberg, Deutsche Bank.
A chart for the history books
Source: Michel Arouet, BofA
Central banks are on pace to buy over 1,000 tons of gold again
Despite the near-record annual purchases, it's worth noting that these institutions once held 80% of their balance sheet in gold Today, it's barely 20%. A return to the historical average of central banks holding 40% of their balance in gold could propel gold prices north of $3,000 based solely on that capital dynamic... Source: Tavi Costa, BofA
The average credit card interest rate right now has risen to 27.81%
And that's with U.S. credit card debt hitting new record highs north of $1,000,000,000,000 Source: Hedgeye
The correlation between US stocks and bonds over the last 2 years is the highest we've seen since 1993-95
Source: Charlie Bilello
Bloomberg Commodity Index drops to 2-year low as investors grow increasingly nervous about demand
Source: HolgerZ, Bloomberg
Ivana SPEAR just published Spear's AI primer and ecosystem map!
While most people are focused on the application layer (e.g., ChatGPT, Copilot 365), there is much more to the AI opportunity.
