U.K. 10-YEAR GILT YIELDS HIT 5.527%, HIGHEST SINCE 2007: LSEG
U.K. 30-YEAR GILT YIELDS HIT 6.047%, HIGHEST SINCE 1998: LSEG
(@WalterBloomberg)
U.K. 30-YEAR GILT YIELDS HIT 6.047%, HIGHEST SINCE 1998: LSEG
(@WalterBloomberg)
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π«π· FRENCH DEFAULT RISK REMAINS NEAR MULTI-YEAR HIGHS
The cost of insuring French government debt against default remains elevated as political instability and fiscal concerns weigh on investor confidence.
Franceβs 5-year sovereign CDS stands at 80 basis points, just below last weekβs multi-year high of 84 basis points.
Investors are watching whether the government can secure parliamentary support for its 2027 budget and proposed spending cuts, amid growing concerns over Franceβs debt sustainability.
(@WalterBloomberg)
The cost of insuring French government debt against default remains elevated as political instability and fiscal concerns weigh on investor confidence.
Franceβs 5-year sovereign CDS stands at 80 basis points, just below last weekβs multi-year high of 84 basis points.
Investors are watching whether the government can secure parliamentary support for its 2027 budget and proposed spending cuts, amid growing concerns over Franceβs debt sustainability.
(@WalterBloomberg)
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TURKEY WEIGHS AIR DEFENSE SUPPORT FOR SAUDI ARABIA
Turkey is assessing air defense assistance to Saudi Arabia against Houthi attacks.
Ankara stressed the Mecca Pact is defensive, ruling out deploying troops for offensive operations.
(@WalterBloomberg)
Turkey is assessing air defense assistance to Saudi Arabia against Houthi attacks.
Ankara stressed the Mecca Pact is defensive, ruling out deploying troops for offensive operations.
(@WalterBloomberg)
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RUSSIA WARNS EUROPE OF RETALIATION IF ATTACKED
Russia says it would respond to any aggression from Western Europe, while denying plans to attack the region.
Moscow previously warned NATO it could use its entire arsenal, including nuclear weapons, if the alliance attempted to cut off Kaliningrad.
(@WalterBloomberg)
Russia says it would respond to any aggression from Western Europe, while denying plans to attack the region.
Moscow previously warned NATO it could use its entire arsenal, including nuclear weapons, if the alliance attempted to cut off Kaliningrad.
(@WalterBloomberg)
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π¨π³CHINA STEPS UP ECONOMIC TALKS WITH UK AND EU
Chinese Vice Premier He Lifeng called for stronger economic and financial cooperation with the UK during talks with Britain's finance minister.
Separately, China's commerce minister met EU trade chief MaroΕ‘ Ε efΔoviΔ in Beijing, as Beijing engages both major European trading partners.
(@WalterBloomberg)
Chinese Vice Premier He Lifeng called for stronger economic and financial cooperation with the UK during talks with Britain's finance minister.
Separately, China's commerce minister met EU trade chief MaroΕ‘ Ε efΔoviΔ in Beijing, as Beijing engages both major European trading partners.
(@WalterBloomberg)
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U.S. PROPOSES $70,000 WORK TRAINING FEE FOR FOREIGN STUDENTS
The Trump administration is proposing a $70,000 fee for international students seeking work authorization through OPT, up from roughly $500 currently.
Additional work training would cost $30,000, potentially making U.S. employment significantly harder for foreign graduates.
The proposal faces a 30-day public comment period and potential legal challenges before taking effect.
(@WalterBloomberg)
The Trump administration is proposing a $70,000 fee for international students seeking work authorization through OPT, up from roughly $500 currently.
Additional work training would cost $30,000, potentially making U.S. employment significantly harder for foreign graduates.
The proposal faces a 30-day public comment period and potential legal challenges before taking effect.
(@WalterBloomberg)
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IRAN: Reiterates Will Not Back Down On Nuclear Enrichment
Head of the Atomic Energy Organization: We will not give up our right to enrichment, and we will not hand over the uranium.
(@WalterBloomberg)
Head of the Atomic Energy Organization: We will not give up our right to enrichment, and we will not hand over the uranium.
(@WalterBloomberg)
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IRAN TO RESPOND TO U.S. NUCLEAR PROPOSALS WITHIN DAYS
Iranβs foreign minister says negotiations with Washington remain ongoing through mediators, with messages still being exchanged.
Tehran has submitted a βseven-day planβ and is reviewing U.S. proposals.
Iran expects to deliver its response within the next few days, according to Tasnim.
(@WalterBloomberg)
Iranβs foreign minister says negotiations with Washington remain ongoing through mediators, with messages still being exchanged.
Tehran has submitted a βseven-day planβ and is reviewing U.S. proposals.
Iran expects to deliver its response within the next few days, according to Tasnim.
(@WalterBloomberg)
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GREER: WHEN CANADIANS GET TO "YES," WE'LL BE READY TO TALK-CNBC INTERVIEW
(@WalterBloomberg)
(@WalterBloomberg)
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JPMORGAN WARNS SURGING BOND YIELDS THREATEN SMALL-CAP STOCKS
JPMorgan warns rising 30-year yields pose a growing risk to small- and mid-cap equities, driven by deteriorating government finances.
Around 60% of global GDP now comes from countries with debt exceeding 100% of GDP and fiscal deficits β an unprecedented situation.
Only 9% of U.S. small- and mid-cap stocks offer dividend yields above 30-year Treasuries, down from 19% in early 2024 and a 24-year low.
(@WalterBloomberg)
JPMorgan warns rising 30-year yields pose a growing risk to small- and mid-cap equities, driven by deteriorating government finances.
Around 60% of global GDP now comes from countries with debt exceeding 100% of GDP and fiscal deficits β an unprecedented situation.
Only 9% of U.S. small- and mid-cap stocks offer dividend yields above 30-year Treasuries, down from 19% in early 2024 and a 24-year low.
(@WalterBloomberg)
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SPOTIFY RENEWS JOE ROGAN PODCAST FOR MULTIYEAR DEAL
(@WalterBloomberg)
(@WalterBloomberg)
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SPOTIFY RENEWS JOE ROGAN DEAL WORTH AN ESTIMATED $250 MILLION
Spotify has renewed its partnership with Joe Rogan in a multiyear agreement, reportedly on terms similar to his previous deal, valued at an estimated $250 million.
The Joe Rogan Experience remains America's most-listened-to podcast, reaching 28.4 million U.S. listeners in Q2, up from 6.6 million in early 2020.
Spotify retains licensing and advertising rights, while Rogan maintains editorial control.
(@WalterBloomberg)
Spotify has renewed its partnership with Joe Rogan in a multiyear agreement, reportedly on terms similar to his previous deal, valued at an estimated $250 million.
The Joe Rogan Experience remains America's most-listened-to podcast, reaching 28.4 million U.S. listeners in Q2, up from 6.6 million in early 2020.
Spotify retains licensing and advertising rights, while Rogan maintains editorial control.
(@WalterBloomberg)
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*FRANCE'S LESCURE SAYS NOT IN DYSFUNCTIONING BOND MARKET
(@WalterBloomberg)
(@WalterBloomberg)
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US JOBLESS CLAIMS -2K TO 197K IN OCT-3 WK; SURVEY 200K
US SEP-26 WEEK CONTINUING CLAIMS +17K TO 1,716,000
US SEP-26 WEEK JOBLESS CLAIMS REVISED TO 199K
(@WalterBloomberg)
US SEP-26 WEEK CONTINUING CLAIMS +17K TO 1,716,000
US SEP-26 WEEK JOBLESS CLAIMS REVISED TO 199K
(@WalterBloomberg)
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YEMEN'S HOUTHIS SAY THEY ATTACKED KING KHALID AIRPORT IN RIYADH WITH BALLISTIC MISSILE ON THURSDAY - POST ON X
(@WalterBloomberg)
(@WalterBloomberg)
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REPORTS OF ONGOING MISSILE ATTACKS ON SAUDI ARABIA
Reports indicate continued missile fire targeting Saudi Arabia, with some infrastructure reportedly hit.
Saudi air defenses are said to have intercepted multiple ballistic missiles.
The extent of the damage and the reported interceptions remain unverified.
(@WalterBloomberg)
Reports indicate continued missile fire targeting Saudi Arabia, with some infrastructure reportedly hit.
Saudi air defenses are said to have intercepted multiple ballistic missiles.
The extent of the damage and the reported interceptions remain unverified.
(@WalterBloomberg)
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RUBIO ON WAR IN UKRAINE: SEEMS TO BE AT A STALEMATE
(@WalterBloomberg)
(@WalterBloomberg)
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π«π·FRANCEβS LESCURE DISMISSES BOND MARKET CRISIS
French Finance Minister Roland Lescure says Franceβs bond market is functioning normally, despite a sharp rise in borrowing costs.
He argues the selloff reflects a global repricing of inflation, debt and monetary policy expectations, rather than market dysfunction requiring emergency intervention.
The French 10-year yield premium over German bonds has reached levels unseen since the eurozone debt crisis, amid mounting fiscal and political uncertainty.
(@WalterBloomberg)
French Finance Minister Roland Lescure says Franceβs bond market is functioning normally, despite a sharp rise in borrowing costs.
He argues the selloff reflects a global repricing of inflation, debt and monetary policy expectations, rather than market dysfunction requiring emergency intervention.
The French 10-year yield premium over German bonds has reached levels unseen since the eurozone debt crisis, amid mounting fiscal and political uncertainty.
(@WalterBloomberg)
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π«π· *FRENCH UNIONS CALL FOR FURTHER STRIKE ON OCT. 13: AFP
(@WalterBloomberg)
(@WalterBloomberg)
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