Fixed Income
01
Treasury Curve Steepens as Fed Pivot Narrative Gains Traction
2s10s spread narrows to -28bps as short-end yields compress on cooling CPI print.
Lead Story
AI Infrastructure Spending Cycle Redefines Capital Allocation Across Tech Sector
Hyperscaler capex commitments exceeding $200B for 2024 are reshaping valuations across the semiconductor supply chain, cloud infrastructure, and enterprise software. Analysts are revising DCF models as traditional earnings multiples struggle to capture the scale of the buildout.
Hyperscaler Capex ($B)
Commodities
02
Gold Breaks $2,300 Resistance; Real Yields Seen as Key Catalyst
Physical demand from central banks and declining real rates support the metal's breakout thesis.
Currencies
03
DXY Softens as Divergence Trade Unwinds Against Euro, Yen
Dollar index slips from 3-month high as ECB signals longer hold, reducing rate differential appeal.
Sector Performance YTD Returns