Structured credit
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Sona prices Europe’s first public BSL/private-credit hybrid CLO
Sona Asset Management priced a €404 million hybrid CLO combining public BSL and middle-market private credit loans, alongside sizeable auto and car-rental ABS deals.
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A higher interest rate world – value creation from AI investment, tariffs, demographics, government spending
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Long-term rates stay near 25-year highs as AI capital demand builds
Long-dated US Treasury yields remain around 25-year highs as AI investment, inflation risks and heavy capital demand complicate the rates outlook.
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AI-related issuers and financials keeps markets busy
Long-term yields stayed around 25-year highs while strong bond demand and a wave of AI-linked financing kept primary debt markets active in August.
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AGCO ABS and new CLOs highlight structured-credit activity
AGCO priced a $630m agricultural-equipment ABS while CLO managers including Macquarie, Fortress and Bridgepoint took advantage of tight spreads.
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The week in credit: long rates rise as AI financing and oil add pressure
Long-term Treasury yields are close to 25-year highs, oil has risen to $91 and AI-related financing continues to expand. Credit demand nevertheless remains strong and primary…
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Arby’s and One Boston Wharf lead asset-backed issuance as CLO resets continue
An $830 million whole-business securitisation from Arby’s, a $660 million CMBS for One Boston Wharf and a new €406 million Fortress CLO led disclosed structured-credit activity.
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DCM market snapshot for the week to 17th August 2026
The 30-year Treasury yield is at 5.3% and the 10-year is at 4.7%. Markets are balancing softer July CPI against oil risk and the scale of…
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AI bond demand signal – $12.5 billion deal from Meta and BlackRock sees lower demand
Meta and BlackRock priced a $12.5 billion bond deal – to build a large data center in Texas. Lower demand than for previous deals is a…
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Hundreds of billions of dollars of AI-infrastructure debt might need re-analysis after surprise release of open-weights (free-to-use) model Kimi K3
This top-tier model being made freely available to use changes the “stories” we use about how the future will unfold for AI providers