AGP Executive Report
Last update: 3 hours agoMarkets: U.S. stocks recovered Thursday, with the S&P 500 up 0.3% as investors rotated from AI and chip shares into healthcare and consumer names. Treasury yields fell, lifting gold near $4,170 an ounce and silver 3.2%; the dollar dropped to a one-week low. AI Financing: CoreWeave bonds yielded above 15%, sharpening concerns about the company’s roughly $50 billion debt load. The wider AI sell-off is raising borrowing costs and prompting several data-centre and AI firms to delay or pause listings. Banking: Mashreq raised CNH 1 billion in its first offshore yuan bond, pricing the three-year issue at a 2.5% coupon. Debt Markets: Argentina paused local dollar-bond sales as yields topped 12%, complicating plans to cover about $25 billion in hard-currency payments next year. Banking Ruling: India’s Supreme Court upheld a decision voiding Yes Bank’s $884 million AT1 bond write-off, putting the controversial loss imposed on bondholders back in focus.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.