Apollo Debt Solutions BDC: $1.6B Q3 Originations, 486 Bps Spread
Apollo Debt Solutions BDC originated $1.6B of private debt in Q3 2026 with an 8.80% yield and 486 bps spread across a $25.5B direct lending portfolio.
Federal Reserve & Rates
Follow Federal Reserve decisions, interest rates and monetary policy. Explore what changes in short-term rates and bond yields mean, with links to original releases and market explainers. Find your way around ECMSource.
U.S. FY 2026 Deficit Reaches $1.99T as Interest Tops $1.05T
The U.S. budget deficit reached $1.992 trillion in fiscal 2026 as net interest costs topped $1.05 trillion, intensifying Treasury issuance and yield pressures.
Fed Consumer Survey: Heavy Debt Burdens Jump to 8.6% of Families
The Fed’s 2025 Survey of Consumer Finances reveals debt payment-to-income ratios above 40% surged to 8.6%, signaling strain across consumer ABS and credit.
30-Year Mortgage Rates Hit 7.40% as Treasury Yields Climb
Freddie Mac’s weekly survey shows 30-year fixed mortgage rates jumped to 7.40% on October 8, 2026, driven by higher 10-year Treasury yields.
Fed Minutes Flag AI Debt Surge Lifting Treasury Yields
FOMC minutes reveal that heavy AI infrastructure debt issuance and Treasury buyback uncertainty contributed to higher term premiums and bond yields.
Digital Realty Closes CHF 510M Bonds, Prices €1B Notes
Digital Realty issued CHF 510M in Swiss bonds and priced €1B in 10-year green notes due 2036, expanding European debt to fund data center capacity.
Treasury Curve Steepens to +46 Bps: What 5.24% Yields Mean for Debt
The 2s10s Treasury yield curve steepened to +46 bps as the 10-year yield held at 5.24%, creating a challenging refinancing backdrop for corporate borrowers.
Fed Finalizes Stress Test Rule to Cut Capital Volatility
The Federal Reserve finalized rules to halve stress-test capital volatility using two-year averaging and mandate annual public comment on supervisory models.
Treasury Yields Spike as Q3 Closes: 10-Year Hits 5.29%
The 10-year U.S. Treasury yield closed the third quarter at 5.29% as benchmark borrowing rates logged an 85-basis-point quarterly surge across debt markets.
AI Debt Costs Surge as 10-Year Treasury Yield Hits 5.17%
As the 10-year Treasury yield reaches 5.17%, corporate borrowing costs are surging across the $4.1T AI buildout, pushing high-yield coupons near 10%.