🏦 US Debt Tilts Toward T-Bills
After 30-year Treasury yields rose above 5% in May 2026, more than 75% of the increase in marketable Treasury debt since July came from T-bills. That compares with 18% in 2025.
The US now has a record $7.25 trillion in T-bills outstanding. They mature within a year and must be constantly refinanced. Yields are already around 3.8%-4%, while another 25 bps Fed hike is expected on Wednesday.
BofA expects 3 25 bps hikes this year, which could add over $50 billion in annual interest costs once the debt is fully rolled over. The Treasury avoided more expensive long-term borrowing by using short-term debt. Now that short-term funding is getting more expensive too.
✔️ news.nzoko.com
After 30-year Treasury yields rose above 5% in May 2026, more than 75% of the increase in marketable Treasury debt since July came from T-bills. That compares with 18% in 2025.
The US now has a record $7.25 trillion in T-bills outstanding. They mature within a year and must be constantly refinanced. Yields are already around 3.8%-4%, while another 25 bps Fed hike is expected on Wednesday.
BofA expects 3 25 bps hikes this year, which could add over $50 billion in annual interest costs once the debt is fully rolled over. The Treasury avoided more expensive long-term borrowing by using short-term debt. Now that short-term funding is getting more expensive too.
✔️ news.nzoko.com
🇨🇳 China’s Gold Demand Surges
China spent nearly $160 billion on gold in the last 8 months, even as prices reached $5,595 this year.
The government sees gold as a safe store of funds with no counterparty risk. Domestic investors are also turning to it as real estate and stocks struggle, while the 10-year bond yield is just 1.67%.
China imported more than 1,000 tonnes this year, exceeding its entire 2025 volume. Demand shows no sign of fading.
✔️ news.nzoko.com
China spent nearly $160 billion on gold in the last 8 months, even as prices reached $5,595 this year.
The government sees gold as a safe store of funds with no counterparty risk. Domestic investors are also turning to it as real estate and stocks struggle, while the 10-year bond yield is just 1.67%.
China imported more than 1,000 tonnes this year, exceeding its entire 2025 volume. Demand shows no sign of fading.
✔️ news.nzoko.com
📈 AI Big 10 Reach Record Share
The “AI Big 10” now accounts for a record 42% of US stock market cap, including the Magnificent 7, Broadcom $AVGO, AMD $AMD, and Micron $MU.
This figure has more than doubled since the 2022 bear market low. The 2000 Dot-Com Bubble saw the Technology, Media & Telecom sector peak at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Japan’s equity bubble peaked at 44% in the 1980s. Only railroad stocks have significantly exceeded this concentration, reaching 63% of US market cap at their peak in the 1900s.
✔️ news.nzoko.com
The “AI Big 10” now accounts for a record 42% of US stock market cap, including the Magnificent 7, Broadcom $AVGO, AMD $AMD, and Micron $MU.
This figure has more than doubled since the 2022 bear market low. The 2000 Dot-Com Bubble saw the Technology, Media & Telecom sector peak at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Japan’s equity bubble peaked at 44% in the 1980s. Only railroad stocks have significantly exceeded this concentration, reaching 63% of US market cap at their peak in the 1900s.
✔️ news.nzoko.com
❤1
📈 AI Stocks Drive Market
Since the start of 2024, 42 AI stocks have generated 67% of the S&P 500’s price return, contributing 22 percentage points of its 33% gain. The other 458 stocks added 11 percentage points.
The AI basket also accounted for 58% of earnings growth and 81% of CapEx and R&D growth. The rest of the index contributed just 20% of CapEx and R&D growth.
Only 29% of stocks outperformed the S&P 500 over the last 3 years, near the ~25% low during the 2000 Dot-Com Bubble. AI is all that matters.
✔️ news.nzoko.com
Since the start of 2024, 42 AI stocks have generated 67% of the S&P 500’s price return, contributing 22 percentage points of its 33% gain. The other 458 stocks added 11 percentage points.
The AI basket also accounted for 58% of earnings growth and 81% of CapEx and R&D growth. The rest of the index contributed just 20% of CapEx and R&D growth.
Only 29% of stocks outperformed the S&P 500 over the last 3 years, near the ~25% low during the 2000 Dot-Com Bubble. AI is all that matters.
✔️ news.nzoko.com
📈 AI Big 10 Reach Record Share
The “AI Big 10” now accounts for a record 42% of US stock market cap, including the Magnificent 7, Broadcom $AVGO, AMD $AMD, and Micron $MU.
This figure has more than doubled since the 2022 bear market low. The 2000 Dot-Com Bubble saw the Technology, Media & Telecom sector peak at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Japan’s equity bubble peaked at 44% in the 1980s. Only railroad stocks have significantly exceeded this concentration, reaching 63% of US market cap at their peak in the 1900s.
✔️ @venture
The “AI Big 10” now accounts for a record 42% of US stock market cap, including the Magnificent 7, Broadcom $AVGO, AMD $AMD, and Micron $MU.
This figure has more than doubled since the 2022 bear market low. The 2000 Dot-Com Bubble saw the Technology, Media & Telecom sector peak at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Japan’s equity bubble peaked at 44% in the 1980s. Only railroad stocks have significantly exceeded this concentration, reaching 63% of US market cap at their peak in the 1900s.
✔️ @venture
The S&P 500 Telecommunication Services index fell 8.5% yesterday.
T-Mobile fell 12%, while Verizon and AT&T each fell 11%.
SpaceX bought a nationwide 800 MHz low-band spectrum portfolio and plans to launch Starlink Mobile, targeting existing carrier customers. Low-band signals reach inside buildings, addressing a key gap in satellite service.
Carriers rely heavily on monthly phone plans, putting subscribers and pricing at risk.
The telecom index is down 16% over the last 30 days.
✔️ @venture
T-Mobile fell 12%, while Verizon and AT&T each fell 11%.
SpaceX bought a nationwide 800 MHz low-band spectrum portfolio and plans to launch Starlink Mobile, targeting existing carrier customers. Low-band signals reach inside buildings, addressing a key gap in satellite service.
Carriers rely heavily on monthly phone plans, putting subscribers and pricing at risk.
The telecom index is down 16% over the last 30 days.
✔️ @venture
🔐 Ledger Implant Case Remains Unresolved
By 11 October, Bitquery estimated $93.2M stolen from 315 wallets linked to Ledger buyers and authorised reseller CryptoBilis in Southeast Asia. Ledger confirmed an unauthorised hardware implant in one affected device.
The implant was a microscopic cellular transmitter added around the screen padding. Research on separate Ledger Nano X specimens describes implants copying recovery words and sending them over cellular. Those devices were not bought from CryptoBilis.
Tether froze $10M in USDT, blocking further transfers but not refunding victims. Ledger says its systems were not compromised, cannot reverse Bitcoin transactions, and has not confirmed the total or announced compensation.
Ledger advises CryptoBilis buyers not to set up unused devices and to move funds to new hardware with a fresh recovery phrase. Replacing a device does not invalidate stolen keys or restore funds already taken.
✔️ @venture
By 11 October, Bitquery estimated $93.2M stolen from 315 wallets linked to Ledger buyers and authorised reseller CryptoBilis in Southeast Asia. Ledger confirmed an unauthorised hardware implant in one affected device.
The implant was a microscopic cellular transmitter added around the screen padding. Research on separate Ledger Nano X specimens describes implants copying recovery words and sending them over cellular. Those devices were not bought from CryptoBilis.
Tether froze $10M in USDT, blocking further transfers but not refunding victims. Ledger says its systems were not compromised, cannot reverse Bitcoin transactions, and has not confirmed the total or announced compensation.
Ledger advises CryptoBilis buyers not to set up unused devices and to move funds to new hardware with a fresh recovery phrase. Replacing a device does not invalidate stolen keys or restore funds already taken.
✔️ @venture
🤖 AI Boom Starts Spreading Inflation
Chicago Fed President Austan Goolsbee says the AI boom is becoming an inflation problem. Price pressure is spreading beyond data center components and adjacent industries.
Illinois businesses report scarce electricians, higher construction costs, and year-long waits for electrical components as data centers compete for the same resources. Land, power, water, and infrastructure costs tied to AI campuses have also risen sharply.
Goolsbee is increasingly concerned this reflects overheating demand, not a temporary supply shock. If inflation stays persistent, another rate hike later this month remains possible, reinforcing the higher-for-longer pressure already weighing on banks and long-duration tech.
✔️ news.nzoko.com
Chicago Fed President Austan Goolsbee says the AI boom is becoming an inflation problem. Price pressure is spreading beyond data center components and adjacent industries.
Illinois businesses report scarce electricians, higher construction costs, and year-long waits for electrical components as data centers compete for the same resources. Land, power, water, and infrastructure costs tied to AI campuses have also risen sharply.
Goolsbee is increasingly concerned this reflects overheating demand, not a temporary supply shock. If inflation stays persistent, another rate hike later this month remains possible, reinforcing the higher-for-longer pressure already weighing on banks and long-duration tech.
✔️ news.nzoko.com
😎 Software Vulnerabilities Surge in 2026
About 85,000 software vulnerabilities have been found, roughly twice last year’s total. The past 3 months brought 12,000-14,000 new flaws each month, and the count is still rising.
The main suspect is AI. Neural networks can now write exploits. Vulnerabilities actually used in attacks have nearly doubled.
📊@technco
About 85,000 software vulnerabilities have been found, roughly twice last year’s total. The past 3 months brought 12,000-14,000 new flaws each month, and the count is still rising.
The main suspect is AI. Neural networks can now write exploits. Vulnerabilities actually used in attacks have nearly doubled.
📊@technco
⚠️ Anthropic Blocks Game Cloning
A new server-delivered system rule tells Claude Code to create original games, not remakes or copies, even under a different name.
The setting appeared a few days ago and cannot be disabled or bypassed. Vibe coders have our sympathy.
📊@tech
A new server-delivered system rule tells Claude Code to create original games, not remakes or copies, even under a different name.
The setting appeared a few days ago and cannot be disabled or bypassed. Vibe coders have our sympathy.
📊@tech
🤖 OpenAI changes tone after US vote
After Democrats won yesterday’s congressional elections, Sam Altman spoke for OpenAI in favor of keeping AI under human control. Not long ago, he wrote that sacrifices on the road to progress were inevitable.
Tech giants called Trump’s administration a “good friend” for tax breaks and support for data-center construction. They also received government contracts. Now they are contacting Democratic strategists to find a deal.
Companies face threats of investigations. Tougher AI rules and data-center restrictions are also on the table, and CEOs are already being advised to hire lawyers.
📊news.nzoko.com
After Democrats won yesterday’s congressional elections, Sam Altman spoke for OpenAI in favor of keeping AI under human control. Not long ago, he wrote that sacrifices on the road to progress were inevitable.
Tech giants called Trump’s administration a “good friend” for tax breaks and support for data-center construction. They also received government contracts. Now they are contacting Democratic strategists to find a deal.
Companies face threats of investigations. Tougher AI rules and data-center restrictions are also on the table, and CEOs are already being advised to hire lawyers.
📊news.nzoko.com