Apollo, Morgan Stanley Gate Funds as Private Credit Exits Hit 17%
Apollo capped Q2 redemptions at its $26B Debt Solutions BDC after 16.8% requested, while Morgan Stanley’s $7B North Haven fund gated at 5% on 11.6% requests.
capital markets
30-Year Yield Near 5% as Fed Holds and Hike Bets Rise
The 30-year Treasury yield is at 4.94% as the Fed holds at 3.50-3.75% and nine officials pencil in 2026 rate hikes. What it means for markets.
Qualcomm Nears $4B Modular Deal as AI Push Tops $14B
Qualcomm is in advanced talks to buy AI software startup Modular for ~$4B, on top of a reported $8-10B run at Tenstorrent. The combined ~$14B is Qualcomm’s biggest AI bet yet.
Treasury Basis Trade Explained: Repo, Leverage, Risk
How the Treasury cash-futures basis trade actually works: repo-financed long bonds, short futures, the convergence math, and why hedge funds risk $1T+ on it.
CRH Nears $8B+ Deal for Arcosa, Its Largest-Ever Takeover
Building-materials giant CRH is reportedly close to buying Arcosa for $8B+, what would be its largest acquisition and a major US infrastructure roll-up.
Foreign Treasury Holdings Top $9.3T; China at 18-Year Low
April 2026 TIC data: foreigners added $103B of long-term US securities. Japan and the UK led inflows; China holdings slid to the lowest since 2008.
Kalshi Eyes IPO at $22B Valuation as Revenue Triples
Kalshi is in early IPO talks at a ~$22B valuation after annualized revenue tripled to about $2B in seven months. Here is the case and the risk.
Money Market Funds Hit $7.92T Record as Cash Piles In
US money market fund assets climbed to a record $7.92 trillion the week ending June 17, 2026, with institutional money driving the latest leg up.
IPO Window Reopens: Kardigan Pops, Deep Fission Lags
Five IPOs priced and five new S-1s filed the week of June 15, 2026 — biotech soared, nuclear stumbled, and Brookfield queued a $650M data-center deal.
Fed Proposes Bank-Style ID Rules for Stablecoin Issuers
Fed, FinCEN, OCC, FDIC and NCUA propose a bank-style customer ID rule for stablecoin issuers under the GENIUS Act — directly affecting T-bill demand.