Finance

Government bond yields experienced volatile trading, briefly retreating after reaching decades-long peaks. However, long-term borrowing costs remain a significant pressure point for Wall Street, with the 10-year Treasury yield hovering near 5.3% and the 30-year yield holding at 5.62%.

In corporate finance, Paramount Skydance made headlines by pricing a massive $52 billion debt package intended to fund its blockbuster acquisition of Warner Bros. Discovery. The capital raise faced steep pricing hurdles, commanding investment-grade coupons as high as 8.75% due to the broader high-yield macroeconomic environment.

The tech sector resumed its leadership role, helping the Nasdaq log its third consecutive weekly gain. Encouraging guidance from semiconductor peers like Micron alongside positive Wall Street notes propelled Nvidia to a new all-time high, proving that demand for artificial intelligence infrastructure remains a key driver for public equities.