Fed’s 8-4 Split Forces Bond Traders to Hedge Both Ways
The April 29 FOMC meeting ended in an 8-4 split — the Fed’s most divided vote in years, with dissenters on both sides. Here’s what it means for Treasury yields.
capital markets
GameStop’s eBay Bid: Can a $9B War Chest Fund a $46B Deal?
GameStop is reportedly preparing a bid for eBay. With eBay worth $46B and GME holding $9B in cash, we break down the capital markets math behind Ryan Cohen’s boldest move yet.
Cerebras Systems Files for $40 Billion IPO
Cerebras Systems targets a $40B valuation in its IPO, backed by a landmark OpenAI deal and AWS Bedrock integration that transformed its revenue base.
Paramount Skydance’s $110B Warner Bros. Bet Nears Closing
WBD shareholders approved Paramount Skydance’s $110B takeover. EU regulators lean yes; FCC weighs foreign ownership stakes in CBS and CNN.
Blackstone’s $10B Credit Fund: How Private Lending Hit $520B
Blackstone’s Capital Opportunities Fund V closed oversubscribed at $10B. Private credit now rivals the entire high-yield bond market—here’s who’s winning and what risks regulators see.
30-Year Treasury Near 5%: The Forces Keeping U.S. Borrowing Costs High
The 30-year Treasury yield stands at 4.987% on April 30, 2026 — nearly 5% — as term premium surges on sticky inflation, rising supply, and fading foreign demand for US debt.
Lincoln International Files for a Rare NYSE IPO
Lincoln International filed an S-1 with the SEC to list on NYSE under ticker LCLN. With $783.8M in 2025 revenue and Goldman Sachs and Morgan Stanley as underwriters, here’s what it means for capital markets.
Big Tech’s AI Debt Surge Is Reshaping Corporate Bond Markets
Meta, Alphabet, Amazon and Microsoft will spend ~$700B on AI in 2026 — debt-funding is flooding the investment-grade bond market with record supply.
Bill Ackman’s $5B Pershing Square IPO Falls Short of $25B Goal
Bill Ackman’s Pershing Square raises $5B in a dual NYSE IPO but shares sink ~18% on debut as retail demand misses the original $25B target.
Fed Holds at 3.50–3.75%: Bond Markets Navigate a 16-Month Rate Pause
The FOMC’s April 29 decision leaves the federal funds rate unchanged for a 16th consecutive month, as Treasury yields hold firm and corporate borrowers weigh their next move.