Public Markets 3h Briefing
×Mortgage Market
US 30-year mortgage rates investing.com fell below 6% for the first time since 2022, marking a significant shift in borrowing costs. The decline comes as bond yields retreat following tariff-related market volatility.
Private Markets
Private equity returns bloomberg.com slumped for the fourth consecutive year as firms grapple with $3.8 trillion in unsold assets. Meanwhile, European private lenders wsj.com saw their shares tumble amid intensifying concerns about portfolio quality.
Bond Markets
Exchange Income Corp. bloomberg.com is preparing its first bond sale, targeting up to C$500 million in notes. Eversource Energy bloomberg.com plans to raise $1.5 billion through hybrid bonds to refinance existing debt. High Star bloomberg.com is seeking $100 million in tax-exempt bonds for a Utah resort development.
Corporate Moves
Quiñenco SA bloomberg.com, the holding company of Chile's wealthiest family, continues reducing its Nexans stake to fund new strategic investments. Thames Water bloomberg.com creditors are taking their rescue plan to ratings agencies for approval to avoid insolvency.
Retail Sector
Apparel retailers bloomberg.com including Gap and Urban Outfitters gained tariff relief after the Supreme Court ruling, with global tariffs set at 15% versus the previous 20% sector average. This decision should help expand margins for major clothing chains.
Technology & AI
Anthropic investing.com accused Chinese AI labs of stealing data from its Claude model, escalating tensions in the competitive AI landscape. European Central Bank bloomberg.com President Christine Lagarde said Europe can still capitalize on artificial intelligence despite not leading frontier model development.
Commodities
Soybeans bloomberg.com reversed earlier losses to climb as traders assessed how Trump's tariff changes will impact US crop shipments. Moody's ft.com warned that accounting limitations may conceal tens of billions in Big Tech data center leasing liabilities.
International Developments
Mexico bloomberg.com detailed how it located its most-wanted drug kingpin, emphasizing US agents didn't actively participate in the operation. Lebanon's banks bloomberg.com warned they lack sufficient liquidity to meet depositor obligations under the government's recovery plan.
Energy & Utilities
Mazda North America bloomberg.com CEO discussed navigating Trump's new 15% global tariff on vehicles, raising concerns about costs and demand. Freeport-Mc Mo Ran bloomberg.com President Kathleen Quirk analyzed the impact of tariffs on copper markets at the BMO Metals & Mining Conference.
Real Estate & Infrastructure
US manufacturers wsj.com are feeling the impact of the frozen housing market as weak home sales curb demand for appliances and building materials. Engie finance.yahoo.com plans a bitcoin mine and storage system at its new Brazil solar plant, combining renewable energy with cryptocurrency operations.