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Article URL: https://blog.landeconomics.org/p/california-is-chasing-wealth-that Comments URL: https://news.ycombinator.com/item?id=49836419 Points: 260 # Comments: 711
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US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
Meta Platforms Inc. is finally seeing the stock breakout that beleaguered bulls had been banking on.
Stock markets are trading lower, with oil climbing to $107. The 30-year US bond yields the highest return since 2004, while Spanish 10-year debt closed at its highest level since 2013, above 4%.
The deluge of new AI-related debt is seeing higher costs, leading investors to reposition portfolios. Lindsay Rosner, Head of Multi Sector Fixed Income investing at Goldman Sachs and Milwood Hobbs…
Plus, bond volatility and rising crude prices
