Stock Market Today: Bond Rout Deepens
Long-dated Treasurys sell off again
We haven't written up this one. WSJ Markets has the full story — the link below goes straight to it.
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Domino's Pizza Trades at Just 20.1x Times Earnings -- Its Lowest Valuation in Nearly a Decade. There's Only 2 Explanations for Why Domino's Is This Cheap.
Key PointsDomino’s looks historically cheap at ~20× earnings, reflecting fears that weak same-store sales and GLP-1 drugs could permanently slow growth.
Treasury rout opens switch-option trade for arbitrage-focused traders
A prolonged selloff in US Treasuries is creating a potential opportunity for hedge funds and other relative-value traders to exploit pricing discrepancies between Treasury futures and the underlying…
- Treasury yields surge above 5%, highest in nearly 20 years
- Switch option trade emerges as arbitrage opportunity for sophisticated investors
- CTD bond shifts with yield changes, creating price differential potential
Employed but stuck: Malaysia’s resilient labour market masks a career mobility gap
With 1.93 million tertiary-educated workers in roles below their qualification level, employment alone may no longer be an adequate measure of career progress.
TCI puts $636m into Italian luxury hotel debt
Sir Christopher Hohn’s TCI has built a $636m portfolio of loans backed largely by Italy’s most exclusive hotels, giving the hedge fund exposure to a luxury hospitality market benefiting from strong…
- TCI invests $636m in Italian luxury hotel debt
- $392m loan secures historic Hotel Danieli in Venice
- Luxury hotel sector in Italy sees 53% revenue growth
Lumos goes through more than motions in funds race
Mainland startup Lumos Robotics is considering a further fundraising round and aims to begin preparing for a possible stock-market listing next year, its founder said, betting that factory cost…