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Last updated: September 26, 2026, 10:01 PM ET

Public Markets

Foreign capital flows into US stocks hit record as appetite for debt fades overseas purchases of US equities topped $940bn in the year to July, coinciding with a sharp decline in demand for government bonds. Bond market volatility signals risks for corporate debt investors corporate bonds have been relatively resilient amid a global government bond selloff, but rising yields and widening spreads are raising concerns about liquidity and credit stress in leveraged sectors. Bangladesh targets up to $1 billion in debut sovereign bond sale Bangladesh is preparing to raise between $500 million and $1 billion through its first international bond offering, aiming to fund infrastructure projects amid tightening global financing conditions. McDonald’s selloff hits 30% as Big Mac inflation spurs pushback McDonald’s shares fell 30% over the past month as consumers resist price increases, pressuring the fast-food giant to balance margin protection with volume growth in a cost-sensitive environment. Billionaire Charoen’s Asset World Targets $1 Billion REIT IPO Asset World Corp aims to raise at least 30 billion baht ($830 million) from its Thai Real Estate Investment Trust, marking one of the largest property listings in Southeast Asia this year. Trump-Xi summit yields coal pledge as tariff talks extend coal deal saw China agree to import at least 10 million metric tons of US coal annually from 2027 to 2028, providing a limited lifeline to American producers amid ongoing tariff disputes. Apax nears deal to buy Warburg Pincus out of €6.5bn telecoms group Odido Apax is close to acquiring Warburg Pincus’s stake in Odido for €6.5 billion, a move that would consolidate control of the Dutch telecoms operator and end years of private equity jockeying. Cyber security stocks are pumped up on P(doom) cyber stocks surged as rising fears of AI-driven threats boosted demand for defensive tech shares, with valuations stretching amid concerns over whether the rally reflects fundamentals or speculative frenzy. The climate doom-mongers now dread sovereign debt blowouts climate analysts warn that escalating fiscal risks from extreme weather and adaptation costs could trigger sovereign defaults, particularly in vulnerable emerging markets, undermining long-term climate financing efforts. JPMorgan and the broking fetish for conviction calls JPMorgan analysts admitted to struggling with conviction in their calls, highlighting a growing reliance on consensus views in equity research amid volatile markets and AI-driven information overload. Foreign capital flows into US stocks hit record as appetite for debt fades record inflows were driven by yen carry trade unwinds and safe-haven demand, though strategists caution that positioning may be overextended ahead of key central bank meetings. Bond market volatility signals risks for corporate debt investors yield spreads widened to their highest level since 2020 for high-yield corporates, signaling investor skepticism about earnings resilience amid slowing growth and higher financing costs. Bangladesh targets up to $1 billion in debut sovereign bond sale debut offering could price as early as next week, with proceeds earmarked for power and transportation projects critical to sustaining the country’s 6%+ GDP growth trajectory. McDonald’s selloff hits 30% as Big Mac inflation spurs pushback same-store sales declined 2% globally in the latest quarter, marking the first drop in over two years and intensifying pressure on CEO Chris Kempczinski to revitalize the brand. Billionaire Charoen’s Asset World Targets $1 Billion REIT IPO REIT structure will focus on retail and hospitality assets, including malls and hotels in Bangkok and Chiang Mai, targeting a dividend yield of 5–6% to attract income-oriented investors. Trump-Xi summit yields coal pledge as tariff talks extend tariff talks remain deadlocked on semiconductors and green tech, with the coal agreement viewed as a tactical concession rather than a strategic breakthrough. Apax nears deal to buy Warburg Pincus out of €6.5bn telecoms group Odido regulatory approval is still pending from EU authorities, who are scrutinizing the deal for potential competition concerns in the Benelux telecoms market. Cyber security stocks are pumped up on P(doom) AI threats include deepfake fraud and automated phishing, prompting enterprises to increase security budgets by 15–20% annually despite macroeconomic headwinds. The climate doom-mongers now dread sovereign debt blowouts debt distress is already evident in small island states, where climate-related borrowing has pushed debt-to-GDP ratios above 80%, raising fears of contagion to larger economies if adaptation financing fails. JPMorgan and the broking fetish for conviction calls market volatility has reduced the effectiveness of traditional stock-picking, leading funds to increase reliance on quantitative models and passive strategies, even as active managers defend their long-term alpha potential. Foreign capital flows into US stocks hit record as appetite for debt fades currency effects amplified returns, with a weaker dollar boosting the local-currency value of foreign equity holdings, though this tailwind may reverse if the Fed pauses rate cuts. Bond market volatility signals risks for corporate debt investors covenant-lite loans now represent over 60% of new leveraged finance deals, reducing investor protections and increasing vulnerability to downturns in cash flow-generative assets. Bangladesh targets up to $1 billion in debut sovereign bond sale credit rating remains at Ba3 with a positive outlook, reflecting macroeconomic stability but leaving room for downgrades if export growth slows or foreign reserves dip below three months of imports. McDonald’s selloff hits 30% as Big Mac inflation spurs pushback digital orders now account for 40% of sales, helping offset dine-in weakness but raising concerns about delivery fees and third-party dependency eroding unit economics. Billionaire Charoen’s Asset World Targets $1 Billion REIT IPO Thai REIT law requires a minimum 90% dividend payout, making the vehicle attractive for yield hunters despite concerns over leverage and tenant concentration in tourism-exposed assets. Trump-Xi summit yields coal pledge as tariff talks extend coal exports from Wyoming and Montana are expected to rise, supporting railroads and miners in the Powder River Basin, though long-term demand remains uncertain amid China’s renewable energy push. Apax nears deal to buy Warburg Pincus out of €6.5bn telecoms group Odido debt load will increase post-acquisition, with Odido’s net leverage projected to reach 4.5x EBITDA, testing the resilience of its cash flow under higher interest rates. Cyber security stocks are pumped up on P(doom) valuation multiples now trade at 40x forward earnings, well above the software sector average, prompting warnings of a potential correction if AI threat expectations fail to materialize. The climate doom-mongers now dread sovereign debt blowouts IMF warnings have grown louder, with the Fund urging climate-vulnerable nations to build fiscal buffers and access catastrophe bonds to avoid sudden stops in financing during disaster seasons. JPMorgan and the broking fetish for conviction calls analyst confidence has eroded, with only 30% of buy-side professionals expressing strong trust in sell-side recommendations, according to recent Greenwich Associates data, underscoring a crisis of credibility in traditional research models.