How AI Hyperscaler Debt Is Repricing Its Own Hurdle Rate

When the Federal Reserve raised its benchmark federal funds rate to a range between 3.75 percent and 4.00 percent, the move surprised few participants in the rates market. What caught Wall Street off guard was what happened at the long end of the curve. The benchmark 10-year Treasury yield broke above 5 percent, reaching levels not sustained since... Weiterlesen