In case you missed it... US 10-Year Treasury Yield back near its lowest level in the last 14 months 📉📉
Source: Barchart
An important chart to watch: Investment grade credit default swaps are seeing a meaningful divergence from ORCL CDS
So no contagion at this stage Source: zerohedge
IG tech spreads are wider than the broad index for the first time since 2012...
Source: zerohedge
Why You Always Watch Japanese Rates.
Source: The Market Ear @themarketear
Warren Buffett now owns a staggering 5.6% of the entire U.S. Treasury Bill Market 🚨🚨🚨
Source: Barchart
Data centre operator CoreWeave’s stock has fallen more than 20 per cent over the past two weeks, alongside the drop in bigger names.
On Tuesday, the company’s shares were down a further 16 per cent after it lowered its forecast for annual revenue as a result of expected data centre delays. The cost to protect against a default on CoreWeave’s debt has jumped as the equity price has fallen, with the group’s five-year credit default swaps trading at 505 basis points, from below 350bp at the start of October, according to LSEG data. Source: FT
The index is derived from state-level employment, wage, and unemployment data, capturing how many U.S. states experience significant labour-market deterioration at any given time.
About $1.5T may come from investment-grade bonds, plus $150B from leveraged finance and up to $40B a year in data-center securitizations. Even then, there’s still roughly a $1.4T funding gap likely filled by private credit and governments. Source: Wall St Engine
Argentina Dollar bonds jump after Milei's landslide midterm win.
Source: HolgerZ, Bloomberg
