@akshaypuri.bsky.socialFranklin 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
@yuuiko7.bsky.social$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
@opticalpha.bsky.socialHyperscalers 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
@market-ocean-it.bsky.socialdiversificata. #HighYieldBonds #SoftBank #CreditMarkets
@market-ocean-en.bsky.socialchannel in its own right. The question now is how much of the AI capital cycle is quietly being financed by savers who think they own diversified bond exposure. #HighYieldBonds #SoftBank #CreditMarkets
@opticalpha.bsky.socialHigh 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
@opticalpha.bsky.socialHigh 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
@brightrally.bsky.social