Price of borrowing for AI : 11% / U.S Trade deficit $105bn / India hiked / 10's UST 5.3%, USD stays firm(er)

sc0172

15 hours ago

3 min read

Zurich airport breaks single day passenger record
Markets : Fed eyes AI, tariffs, energy for inflation outlook (Axios), BOJ's dovish dissenter signals support for future rate hikes, India hiked 25bps to 5.5%, Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year, The AI Bubble is nearing a bursting point (Dalio), A reversal in the AI trade could be triggered by several factors, including safety concerns that lead to tighter regulation: Temasek, Ireland cuts energy taxes in budget to appease voters >>> rates stay slightly firm(er), USD follows, risk holding up on AI (rates don't matter for now, AI insensitive to rates, will keep raising as returns are far in excess of said rates, but one day the music will stop dead - Grundlach, fwiw very much agree with him..)
JPMorgan is marketing a $5B Volta loan at roughly that yield, funding 36,000 Nvidia GPUs and a data centre in Norway
Shell CEO Wael Sawan on the new conversation around energy: “I think there's a recognition once again that you cannot have national security without energy security. You cannot have an industrial or an economic strategy that is not underpinned with a solid energy strategy.” >> most definitely correct !
France's appetite for 'magic money' has turned into a debt bomb / WSJ
Google is reportedly close to a $1 billion+ deal to buy nuclear power from Constellation Energy, and it could be announced as soon as this week
Russia's Finance Ministry announced on October 5 that it will increase FX and gold purchases to five times the September level between October 7 and November 6
China shut down a record 670 banks in 2025, and nearly a quarter of its banking system has disappeared in just four years