September FOMC Preview: Three Hawks Meet Friday’s Jobs Report
Fed dot plot lands Sept 15-16 with three July dissenters wanting hikes and the 30-year at 5.27%. Friday’s jobs report is the last read before the vote.
capital markets
SOFR Explained: How the Post-LIBOR Benchmark Actually Works
SOFR replaced LIBOR as the reference for trillions in dollar debt. Here is how it is calculated, what moves it, and why September 2019 still matters.
Delivery Hero Board Backs Uber’s $14.8B Cash Bid
Delivery Hero’s boards endorsed Uber’s EUR 41.50 per-share cash tender, a EUR 13B (~$14.8B) deal that would forge a 99-country food-delivery giant.
Aquiline Takes Flourish From MassMutual in Wealthtech PE Deal
Aquiline is buying a controlling stake in Flourish from MassMutual — a wealthtech platform behind 1,300+ RIA firms overseeing $2.6T+ in client assets.
30-Year Treasury Near 5.3%: Bessent Doubles Buybacks Sep 9
The US 30-year yield closed at 5.28% on Sept. 1, its worst September start since 2006. Treasury doubles long-end buybacks to $4B.
Big Banks Team Up on Dollar Stablecoin, Eye 2027 Launch
Goldman Sachs, Citi, Bank of America, Deutsche Bank and others plan a joint dollar stablecoin for 2027, targeting the $312B market dominated by USDT and USDC.
Global Bond Selloff: Japan Cracks 3%, UK 30Y Near 6%
Long-end bond yields surged worldwide on Sep 2, 2026: Japan’s 10-year cleared 3% for the first time since 1996, UK 30Y Gilts hit 5.83%, and the US 30Y sits at 5.27%.
Warsh at Jackson Hole: 10-Year Jumps to 4.67% on Hawkish Turn
Chairman Warsh called inflation the Fed’s ‘predominant focus’ at Jackson Hole 2026, pushing the 10-year Treasury yield to 4.67% and shrinking near-term rate-cut bets.
Blue Owl Leads $2.4B AI Factory Financing for IREN
Blue Owl-managed funds are anchoring a $2.4B loan for IREN’s AI compute buildout — the latest private-credit push into GPU-backed data-center debt.
AI Bond Deluge: IG Issuance Sets $145.2B August Record
August 2026 investment-grade bond sales hit $145.2B, a third straight monthly record, as Alphabet, Amazon, Oracle and Meta borrow to fund AI infrastructure.