{
  "id": 12920100,
  "title": "Thursday links: early money stories",
  "url": "https://urgent.news/2026/10/08/thursday-links-early-money-stories",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T16:48:30.000Z",
  "source": {
    "name": "Abnormal Returns",
    "slug": "abnormal-returns",
    "url": "https://abnormalreturns.com/2026/10/08/thursday-links-early-money-stories/"
  },
  "original_language": "en",
  "account": "On Thursday, several interesting developments were reported in the financial world. The bond market witnessed a sell-off, with the question of whether the decline is primarily technical in nature. The mortgage convexity unwind is reportedly likely to be completed. In the crypto space, tokenized real-world assets are expected to become more prevalent. A startup named Securitize ($SECZ) recently introduced tokenized U.S. stocks on its platform. The crypto industry has been advocating for the Clarity Act, which aims to provide clarity in the regulatory landscape.\n\nIn the finance sector, the prime brokerage business is experiencing significant growth. Roben Farzad interviewed William Cohan, the author of \"Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street.\" Credit spreads for SpaceX CDS are rising, indicating some stress in the credit market. Private credit is facing a valuation problem, suggesting a potential issue in the valuation of private credit investments.\n\nIn the gambling industry, long-shot trades dominate trading on platforms like Kalshi and Polymarket. The NFL is considering regulating prediction market contracts at the state level. Faith leaders have not been vocal about addressing online gambling. The reasons behind gambling's appeal for young men are being explored.\n\nRegarding the AI industry, Anthropic has not been able to control its own destiny. AI spending is crowding out investments in other areas. The Abnormal Returns newsletter covers various topics, including controls and monitoring, and provides links to additional articles. Personal finance links discuss the concept of signalling status.\n\nIn other news, there is growing evidence suggesting that the Pentagon downplays the damage caused by Iranian attacks. Initially, the Iran war was not primarily driven by the control of the Strait of Hormuz. The economy continues to show little improvement in weekly initial jobless claims. Tariffs pass through to consumer prices, affecting purchasing power. Higher interest rates impact various groups differently, as discussed in a report by the Bank of Canada.",
  "summary": "Rates How much of the bond sell-off is technical in nature? (axios.com) The mortgage convexity unwind is likely played out. (ft.com) Crypto Tokenized real world assets are coming. (citriniresearch.com) Securitize ($SECZ) has launched tokenized U.S. stocks on its platform (theblock.co) Why the crypto industry pushed so hard for the Clarity Act. (citationneeded.news) Finance The prime brokerage…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}