FOMC June Preview: Warsh’s First Dot Plot, Cuts in Play
The June 16-17 FOMC is Kevin Warsh’s first meeting with a fresh Summary of Economic Projections. Here’s what bond and credit markets are pricing.
capital markets
Fed Stress Test 2026: What June 24 Will Tell Investors
The Fed releases 2026 stress test results on June 24. With buffers frozen through 2027, the numbers matter — but not the way they used to.
First Brands Liquidation Cleared: A $2.3B Private Credit Hit
A Houston judge cleared First Brands’ liquidation on June 12, 2026, after $2.3 billion vanished. Here is what the failure exposes about private credit.
Dana, Eaton Strike $5.1B Mobility Deal in Reverse Morris Trust
Eaton spins Mobility into Dana in a $5.1B Reverse Morris Trust — $1.1B cash, 50.1%/49.9% split, Q1 2027 close. What the structure does.
NYC Pension Funds Rebid $127B Passive Equity Mandate
NYC Comptroller Mark Levine just opened the city’s $127B public equity passive indexing mandate to a competitive RFP. Bids close July 15.
30-Year Treasury Auction Clears at 4.84% as Demand Returns
Treasury sold $22B of 30-year bonds at 4.844% Thursday with a 2.43 bid-to-cover — average demand, a quiet rebound from May’s first-above-5% scare.
DOJ Clears Paramount Skydance’s $111B Warner Bros Deal
DOJ cleared Paramount Skydance’s $110.9B Warner Bros takeover June 12, 2026. WBD at $26.84 vs $31 offer — a 15.5% arb spread on remaining risk.
Bank Capital Ratios Explained: CET1, Tier 1, Tier 2
What CET1, Tier 1, and Tier 2 capital ratios mean, the Basel III minimums, buffers, and why bank capital is back in the headlines.
KKR, NVIDIA Launch $10B Helix to Bankroll AI Buildout
KKR, NVIDIA, Vistra and Kuwait’s sovereign wealth fund seeded Helix Digital Infrastructure with $10B+ in long-duration capital to finance AI infrastructure.
SpaceX Prices Biggest IPO Ever at $135 — SPCX Debuts Today
SpaceX priced at $135 on June 11 for a $75B raise at a $1.75T valuation — the largest IPO ever, with 30% reserved for retail and Goldman lead-left.