The Fed held rates at 3.5%–3.75% for a third straight meeting. With the 10-year yield near its 2026 high and investors pricing no cut until late 2027, capital markets face a prolonged high-rate environment.
Blue Owl Capital is exploring a $30B sale of Stack Infrastructure’s Asia Pacific data centers — potentially 2026’s largest private markets infrastructure exit.
The 30-year Treasury yield closed at 5.025% on May 4, 2026 — crossing a key threshold. Here’s what the curve’s steepest gap since 2022 signals for rates, mortgages, and capital markets.
Apollo closed Hybrid Value Fund III ($6.5B) and Accord Fund VII ($1.9B) in consecutive days. Ares set a Q1 fundraising record at $30B. Private credit is scaling at a historic pace.
Hubbell acquires NSI Industries for $3B, expanding its electrical infrastructure lineup as AI data centers and grid modernization drive record demand for power components.
High yield bonds have delivered 9% one-year returns while long-duration Treasuries struggle near breakeven. Here’s what the 2026 credit divergence means.
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.
SpaceX’s S-1 targets a $75B raise at a $1.75T valuation — nearly triple Saudi Aramco’s all-time IPO record. What it means for capital markets.
Kailera Therapeutics’ $625M GLP-1 IPO anchors a Q2 2026 healthcare listing wave, with Hemab Therapeutics, Avalyn Pharma, and peers all jumping 52-89% from their offer prices.
Barclays completes its acquisition of Best Egg’s parent Marlette Holdings, gaining a $40B+ consumer lending platform as the spread between personal loan rates and Treasuries reaches nearly 800 basis points.