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
Hong Kong hedge fund tax overhaul sparks scramble for talent and new structures
Hong Kong’s proposed expansion of tax relief for investment managers is prompting hedge funds, banks and family offices to reassess their structures, compensation arrangements and hiring strategies…
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
Serve Robotics Grew Its Second-Quarter Revenue by 400%, but This Shocking News Sent Its Stock Plunging
2026 was supposed to be a breakout year for Serve's business.