France’s debt crisis deepens: 119% debt-to-GDP, default insurance at 2012 highs
France’s debt scare is now hitting the real economy. On Thursday, the cost of insuring French government debt aga…
Equity and Bond Markets
The AI debt bill comes due: neocloud bonds trade like distress
The AI boom has a borrowing problem. For two years, the question was how much AI demand there was. Now it’s who c…
French 10-year yield breaks 5% a day before Moody’s review
France is now paying 2002-level prices to borrow. The 10-year yield rose above 5.10% on Thursday, and the gap over Germ…
AI debt jitters wipe $1 trillion off top 20 AI and chip stocks
The AI boom just got its first real credit check, and the bond market isn’t impressed. A week-long global sell-of…
CoreWeave sinks 16% as its bond yield nears 15%
The AI boom has a borrowing problem, and on Wednesday the bond market started pricing it in. CoreWeave shares fell abou…
KOSPI crashes 7.6% to 5,554, wiping out its 9,000-point AI rally
The KOSPI fell 7.57% on Thursday to close at 5,554.22, its lowest finish since April 7. A new global chip sell-off hit S…
Wall Street's big week
With 10-year yields near a 24-year high and Brent above $100, corporate profits need to keep carrying the market. …
Oil rises again, sparks global bond selloff; UK 10-year yield hits 2007 high
UK 10-year gilt yields, the maturity behind much of Britain's new borrowing, rose more than 7 bps to 5.527%, the highest…
RBI hikes repo to 5.5% — first rate rise since 2023
The RBI is the latest in a wave of tightening. The Fed made its first hike since 2023 on 16 Sep, to a 3.75–4.00% r…