Fed Launches Pilot Survey of $1.3T Private Credit Market
Dallas and NY Fed will pilot the first regular data pull on private credit after Q3, with initial findings due Q1 2027. Here’s what it will track.
capital markets
Japan’s Yield Shock: Takaichi Presses BOJ as 30-Year Hits 3.97%
PM Takaichi’s May request that the BOJ buy more bonds becomes public as 30-year JGB yields hit a record 3.97% and 10-year yields the highest since 1996.
AI Debt Deluge Meets Pushback: Cover Ratio Halves to 2x
Hyperscaler bond books have slid from 5x oversubscribed in February to under 2x by July, as AI-related debt heads to $570B and Moody’s warns.
IonQ Closes $1.8B SkyWater Buy, Bets on In-House Chip Fab
IonQ (NYSE: IONQ) completed its $1.8B cash-and-stock takeover of SkyWater Technology on July 31, 2026, giving the quantum firm its own U.S. silicon foundry.
Treasury Backs Yen: First U.S. Support Op in Over a Decade
U.S. Treasury and the NY Fed joined the Bank of Japan to buy yen after USD/JPY hit 40-year highs — Washington’s first yen support in over a decade.
Ferguson to Replace EA in S&P 500 on Aug 5
Ferguson Enterprises (FERG) joins the S&P 500 on Aug 5, taking the slot Electronic Arts vacates as its $55B take-private closes.
Private Credit’s Q2 Cracks: Ares Caps ASIF Redemptions
Q2 2026 private-credit reads: Ares Capital core EPS $0.47, ASIF pro-rates 14.4% redemption bid, Proskauer default index 2.51%. Where the stress is showing up.
Poison Pill Explained: How Shareholder Rights Plans Work
What is a poison pill? How the flip-in, flip-over, and trigger thresholds work — plus the Twitter, Airgas, and Household cases every investor should know.
EA’s $55B Buyout Set to Close: Largest LBO Ever
Electronic Arts is days from closing a $55 billion take-private led by Saudi’s PIF, Silver Lake and Affinity Partners — the biggest leveraged buyout on record.
Bear Steepener Alert: 30-Year Yield Hits 5.17%, Curve Widens
The 30-year Treasury yield touched 5.17% on July 23, a multi-year high, and the curve steepened sharply after the July FOMC. Here is what is driving it.