Treasury’s Coupon Storm Hits Right After Warsh’s First FOMC
Treasury sells $24B in 5-year notes hours after the Fed decides June 17, then a 2y/5y/7y trio Jun 23-25 — ~$200B of supply in seven days.
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FOMC June Preview: Warsh’s First Dot Plot, Cuts in Play
The June 16-17 FOMC is Kevin Warsh’s first meeting with a fresh Summary of Economic Projections. Here’s what bond and credit markets are pricing.
Dana, Eaton Strike $5.1B Mobility Deal in Reverse Morris Trust
Eaton spins Mobility into Dana in a $5.1B Reverse Morris Trust — $1.1B cash, 50.1%/49.9% split, Q1 2027 close. What the structure does.
Roku Jumps 20% on Reuters Sale Report — What’s Priced In
Roku surged 20% to $143.66 after Reuters reported the streaming platform is exploring strategic options including a sale. What’s priced in.
DOJ Clears Paramount Skydance’s $111B Warner Bros Deal
DOJ cleared Paramount Skydance’s $110.9B Warner Bros takeover June 12, 2026. WBD at $26.84 vs $31 offer — a 15.5% arb spread on remaining risk.
SpaceX Prices Biggest IPO Ever at $135 — SPCX Debuts Today
SpaceX priced at $135 on June 11 for a $75B raise at a $1.75T valuation — the largest IPO ever, with 30% reserved for retail and Goldman lead-left.
Frasers’ €38 Hugo Boss Bid: A 4% Premium, On Purpose
Mike Ashley’s Frasers Group offered €38 a share for Hugo Boss — a 4% premium that’s the story, not the deal size.
Veris Residential Goes Private in $3.5B Affinius Deal
Affinius Capital and Vista Hill Partners completed a $3.5B all-cash take-private of Veris Residential on May 27, paying $19/share — a 23.2% premium.
AST SpaceMobile Falls 18% on Blue Origin Pad Explosion
AST SpaceMobile (ASTS) shed nearly 18% Friday after a Blue Origin New Glenn engine test exploded at Cape Canaveral, rattling the entire space-stock complex.
Banks Push Fed to Codify Bowman Supervision Rollbacks
Wall Street wants the Fed to formally codify Vice Chair Bowman’s supervisory rollbacks before a future administration can undo them.