Gray Media Raises $75M Term Loan, Redeems $150M 2029 Notes
Gray Media is retiring $150 million of its 10.500% 2029 notes at 105.250% while adding $75 million to its Term Loan G. The catch: the redemption only happens if the new loan funds by Oct. 19, 2026.
Stocks Rebound as 10Y Treasury Yield Settles at 5.25%
The 10-year Treasury yield backed off 5.35% and settled at 5.25%, handing European equities a one-day bounce. Crude's 0.9% slide to $90.68 shows how much of the oil price was fear rather than supply.
Japan DOGE Review Targets ¥7tn as JGB Yields Hit Highs
Japan's relaunched DOGE review targets 201 special-purpose funds holding around ¥7tn, but the first round scrapped just three of 120 tax breaks. With 10-year JGB yields at multi-decade highs and budget requests at ¥143tn, the year-end talks are where the 40tn yen issuance pledge gets tested.
ECB's Lagarde Flags 'Unwarranted' Bond Moves as France Runs 5% Deficit
Lagarde says the ECB can counter "unwarranted" market moves, but the report offers no definition of the threshold. With France's deficit above 5% of GDP and debt near 120%, the TPI's trigger is entirely discretionary.
Bond Yields Surge to Multi-Decade Highs as Cheap Money Era Ends
Bond yields have climbed to fresh multi-decade highs, and a US government bond now pays roughly 5%. The shift is not about one borrower — governments, AI builders and households are all competing for the same capital.
Why Rising Bond Yields Can Raise Your Grocery Bill
A government borrowing $100 billion at 5% instead of 3% pays $2 billion more a year in interest. That fiscal squeeze can reach shoppers through higher consumption taxes, subsidy cuts or business cost pass-through — but the report warns the effect is not automatic.
China 10-Year Yield Hits 1.7% as Global Bonds Sell Off
China's 10-year yield has fallen to 1.7%, more than 3 points below the US Treasury. The gap is not a policy accident — it is a savings glut with nowhere else to go, and Beijing has stopped fighting it.
Digital Realty Prices €1B 5.125% Notes Due 2036
Digital Realty priced €1 billion of 5.125% guaranteed notes due 2036 at 99.289% of principal, with proceeds earmarked for green data center projects. DLR shares rose 3.42% to $184.65 as investors read the deal as growth capital.
Elis Redeems 2029 OCEANEs After 99.13% Convert to Equity
Elis converted 99.13% of its 2029 OCEANEs into 23.57m shares, but only 5.47m were newly issued thanks to a July buyback. The remaining 33 bonds face a €3.3m cash redemption on 13 October.
Treasury 30Y Hits 5.72% as Stocks Slide, Bitcoin Drops 3.19%
The 30-year Treasury yield hit 5.72%, its highest since 2002, and the damage spread fast: Bitcoin fell 3.19% to $83,575 with over $400 million in longs liquidated in a single hour. Oil rose anyway.
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Start TradingFrance-Germany 10Y Yield Spread Hits 80bps: Why It Matters
France pays 4.30% for ten-year money while Germany pays 3.50% — an 80bps gap that is really a live vote on sovereign risk. The spread's direction, not its level, is what transmits into French banks, equities and the euro.
Treasury Sells $39B 10-Year Notes, Mortgage Rates and S&P 500 in Focus
The Treasury sells $39 billion of 10-year notes at 1700 GMT in a reopening, and the clearing yield is the number that matters. A concession there does not stay in the bond market — it reaches mortgage pricing and the discount rate on S&P 500 earnings.
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