Check out the latest article in my newsletter: The Vendor of Last Resort www.linkedin.com/pulse/vendor... via @LinkedIn #ArtificialIntelligence #AIInfrastructure #Semiconductors #CreditMarkets #VendorFinancing

Check out the latest article in my newsletter: A Pause, not a Pullback www.linkedin.com/pulse/pause-... via @LinkedIn #ArtificialIntelligence #CreditMarkets #AIInfrastructure #PrivateCredit #FinancialStability #AI

Franklin Templeton CEO Jenny Johnson calls AI debt “very complex” and says she would stay on the shorter end of the curve.

www.ibtimes.co.uk/franklin-tem...

#FranklinTempleton #AIInvesting #AIDebt #FixedIncome #InterestRates #CreditMarkets #Investing #Markets

$EFX $FICO $TRU

FHFA is dropping the tri-merge credit requirement for Fannie/Freddie loans.

- Lenders will now need data from 2 bureaus instead of 3
- Directive expected within weeks
- Direct revenue hit for whichever bureau gets dropped from the standard pull

#CreditMarkets

Hyperscalers issued ~$225B in bonds this year, up almost 10x YoY. Thirty-to-100-year paper funding GPUs that go obsolete in 4-5. Nearly 80% of that debt already trades wider than issuance. Nobody's pricing obsolescence risk into duration like this. Watch the spread, not the coupon. #CreditMarkets

High yield spreads over Treasuries sit at 2.70%, hugging the low end of a three-month 2.6% to 2.9% range. Tight spreads mean credit investors aren't pricing much default risk right now. Spreads this compressed rarely stay put once volatility picks back up. #creditmarkets

High yield credit spread at 2.76% over Treasuries, up 5bps today. Barely moved on the first Fed hike since 2023 while VIX ticked to 17.20. Credit usually leads stress, not follows. No blink yet. #creditmarkets

#IntermarketAnalysis #RiskOn #RiskOff #MarketAnalysis #TradingStrategy #MacroAnalysis #TechnicalAnalysis #Equities #Bonds #USD #Gold #Commodities #Volatility #CreditMarkets #TradingView
www.tradingview.com/chart/BTCUSD...