Fed’s 8-4 Split Forces Bond Traders to Hedge Both Ways
The April 29 FOMC meeting ended in an 8-4 split — the Fed’s most divided vote in years, with dissenters on both sides. Here’s what it means for Treasury yields.
Capital Markets
Explore how companies and governments raise money through equity and debt markets. Read coverage of financing, public offerings, transactions and market structure alongside educational guides. Find your way around ECMSource.
Blackstone’s $10B Credit Fund: How Private Lending Hit $520B
Blackstone’s Capital Opportunities Fund V closed oversubscribed at $10B. Private credit now rivals the entire high-yield bond market—here’s who’s winning and what risks regulators see.
Lincoln International Files for a Rare NYSE IPO
Lincoln International filed an S-1 with the SEC to list on NYSE under ticker LCLN. With $783.8M in 2025 revenue and Goldman Sachs and Morgan Stanley as underwriters, here’s what it means for capital markets.
Big Tech’s AI Debt Surge Is Reshaping Corporate Bond Markets
Meta, Alphabet, Amazon and Microsoft will spend ~$700B on AI in 2026 — debt-funding is flooding the investment-grade bond market with record supply.
Inside OpenAI’s Record $122B Fundraise and the Road to an IPO
OpenAI closed a record $122 billion funding round in March 2026 at an $852B valuation. Here’s what the deal structure, PBC conversion, and Microsoft renegotiation mean for capital markets.
SoftBank’s $40B OpenAI Bet: How AI Mega-Deals Get Financed
SoftBank’s lenders are recruiting more banks to share the $40B OpenAI loan. Inside the capital markets machinery that funds AI’s biggest bets.
Junk Bonds in 2026: What Widening Credit Spreads Are Signaling
High-yield credit spreads are widening in 2026. Here’s what the junk bond market is telling investors about recession risk, corporate debt, and what comes next.
US-China 145% Tariffs: The Capital Markets Shock
From frozen IPOs to widening credit spreads, the US-China 145% tariff war is reshaping capital markets in ways not seen since the financial crisis.
CATL’s $5B Hong Kong Offering: A Capital Markets Signal
CATL, the world’s largest EV battery maker, is eyeing a $5B Hong Kong share sale. Here’s what the deal signals for global capital markets and Chinese company listings.
United-American Airlines Merger: What It Means for Markets
United Airlines CEO Scott Kirby raised a potential merger with American Airlines during a Trump White House meeting, reviving the biggest airline M&A question in a decade.