Bond Convexity Explained: Why Duration Isn’t Enough
Duration is a tangent line; convexity is the curvature. Here is the formula, a worked 10-year Treasury example, and why MBS has negative convexity.
Month: May 2026
June 2026 IPO Wave: 7 Deals Worth $4.7B Hit Calendar
Seven IPOs led by INNIO’s $1.9B and Quantinuum’s $1B target a combined $4.7B as the Renaissance IPO Index outpaces the S&P 500 by 11.5 points YTD.
Okta Surges 23% on Q1 Beat, Raises FY27 on AI Agents
Okta beat Q1 FY27 estimates on $765M revenue and $0.91 non-GAAP EPS, raised full-year guidance, and pitched identity as the control plane for AI agents.
Investment Grade vs High Yield Bonds: A Complete Guide
How investment grade and high yield bonds differ: rating cutoffs, spreads, default rates, recovery rates, and the math behind credit risk.
Fed Revives ‘Payment Account’ Plan; Tier 3 Reviews Paused
The Fed re-proposed a limited ‘payment account’ for non-bank fintechs and novel-charter institutions, freezing Tier 3 master-account reviews.
Dell Surges 35% on AI Boom: $51B Backlog, $60B FY27 Outlook
Dell Q1 FY27 posts record $43.8B revenue (+88%), AI server revenue jumps 757%, backlog hits $51.3B. FY27 AI guide raised to $60B.
Mortgage-Backed Securities Explained: Pass-Throughs & CMOs
How an MBS actually works: who issues it, how cash flows from borrower to investor, why CMOs exist, and the prepayment risk every investor must understand.
China’s $885M Hong Kong Green Bond Debut Draws 10x Demand
China sold 6B yuan of sovereign green bonds in Hong Kong on May 28 — a 10x covered debut at 1.42% (3Y) and 1.56% (5Y).
First Solar Jumps 11% on Section 232 Polysilicon Tariff Bet
First Solar (FSLR) surged 10.86% to $303.38 on May 28, 2026, as traders front-ran an expected Section 232 polysilicon tariff verdict from the Commerce Department.
The Rule of 40 Explained: How SaaS Stocks Are Valued
How the Rule of 40 actually works: the formula, a worked example using Snowflake’s Q1 FY27, common pitfalls, and the newer Rule of X.