TNB Market Brief

🚨 An eye to the Gilt and the GBPBoE’s Greene said wage pressure easing has STALLED, so labour market stronger than officials thought 💪Bank hid behind weak employment to do nothing. Greene wants a HIKE in early Nov 🦅 Gilt yields UP 💷 GBP/EUR reaches1.1920 Not investment advice

Next stress point isn’t equities. It’s credit. 🚨 CoreWeave pays ~15% to borrow, while Anthropic financing talks are near 10%. Double-digit yields signal risk. As banks sell exposure, AI-linked debt could flood HY markets and pressure prices. 👀 Not investment advice

🚨 US CPI comes in hot🔥 Sept: +0.6% m/m to 3.7% y/y (exp. 3.6%) Core: 2.6% (exp. 2.5%) Inflation beats. The FED has to hike. Yields up, Bonds down. Equities not happy 📉 For info only. Not investment advice.

🚨 French debt under pressure: students demand €10B fresh funding. Some adventurous candidates propose debt cancellation (!!). Debt/GDP at 116% isn't extreme, but €3.6T is 10x Greece in 2010 💥 ECB too focused on inflation to rescue. Not investment advice.

BONDS ARE BACK (today)! 🔥 Lagarde confirms she has “instruments” to crush disorderly market moves and is not rising rates🛡️ US 10Y UST auction at 5.3% saw HUGE demand 💥 Bonds bid HARD today 📈 This hits EVERY asset class. For informational purposes only. Not investment advice.

Italy wants more controls over its bond market: Rome is considering buying back MTS, a key platform for sovereign debt trading. Liquidity is becoming strategic and government wants more control. 👀 For informational purposes only. Not investment advice.

🚨 The AI credit binge is heating up. SpaceX CDS hit a record to 197bp yest as leverage concerns mount, while its 2046 bond yields 8%. Tencent is considering a $5B bond. AI needs capital. Lots of it. 💸📉 For informational purposes only. Not investment advice.

🚨 The AI credit binge is coming. SpaceX wants another $40B for Nvidia chips: $10B bank debt + $30B bonds, still IG. Broadcom: $60B. DeepSeek: $12b. xAI: $7B. 💰 AI is no longer just an equity story, it is a tsunami of debt. For informational purposes only. Not investment advice.

🚨 FRANCE: Investors heading for the exit. 10Y yield up 100bp+ since June to 4.9%, worse than the periphery. CAC down 10% since August. Deficit missing targets, parliament fractured, PMs toppling, social unrest. 😬 Info only. Not investment advice.

UK 30Y Gilt yield breaks the 6% barrier 🚨 Likely a mix of inflation repricing and fiscal concerns under Burnham. Meanwhile, GDP jumped to 1.4% from 0.8%, giving the BoE more room to hike without crushing growth. 📈

🚨 Burnham just opened the door to UK REJOINING the EU (!!) First conference speech as PM: "Brexit has done more harm than good." Spokesman won't rule out rejoining. Huge political shift brewing. 👀📉

BoE st to hold, but the next move looks UP. 📈 Inflation could hit 4% next year as energy prices bite. The hawks already want action. Markets are eyeing a November hike. 🦅 Higher for longer just got real.

⚡ Warsh hiked. Markets shrugged: First Fed hike since 2023: 12-0. Stocks flipped from green to red after the presser. Forget 2% inflation till 2029. Trump calls the Fed “hostile” and wants 1% rates. 🥊 Game on.

🚨 Today's the payoff: the FED decision lands with a 94% probability of a 25bp hike 📈, its first hike since 2023. Watch the statement and dot plot as closely as the decision itself 👀 It's time for central bankers to prove they can manage the situation — or at least try to. 🤞

🔥 UST 10Y breaks 5%, unseen since 2023. Trump asks Warsh to cut. Bond market says hike. Washington wants cheaper money. Investors want compensation for inflation. The bond market is doing the job.

AI 🤖 shakies credit markets again 📉 SoftBank's record JPY retail bond, Alibaba's new share issue, and now Broadcom eyeing a $60B debt package. CDS +26bp just so far this month. Eyes on Nvidia earnings tomorrow — capex is the big question. Info only. Not investment advice.

🚀 SoftBank plans a record US$6.3bn retail bond sale, the largest ever by a Japanese issuer. 💰 Proceeds will support OpenAI commitments. 📈 The 7-year JPY bonds will yield 4.3%-4.9%. AI is reshaping credit markets. 🤖 Info only. Not investment advice.

👀 Bond traders 'eyes on Jackson Hole Friday hunting for a clever way to slow the surge in yields. Bessent took a shot at boosting Treasury purchases, but it seems it didn't work. Whispers of rate hikes are creeping back. 📈🔥 📢 Info only. Not investment advice.

🚨 BTC ripping +8% 🚀 Trump's pushing Congress HARD on the crypto bill — ending the SEC vs CFTC turf war once and for all, plus the USD's getting crushed: Treasury buys USTs → prices up → yields down → USD down → BTC up. 💥📉💰 For info only. Not investment advice.

🚨 USD just ripped from €1.1577 to €1.1660 in minutes — Treasury buybacks just got DOUBLED. Yields? Brace for impact at the open. 💥📈 Not investment advice.