Andy Rodger

🚨BREAKING: Borrowing costs for America's riskiest companies hit 17%, the highest since COVID. The US bond sell-off is now pushing up borrowing costs across corporate America, per FT. Here's what's happening: The 10-year Treasury yield hit its highest since 2002 last week Bank of America cut its forecast for investment-grade bond sales this month to $110 BILLION from about $160 BILLION Paramount's $52 BILLION bond sale for its Warner Bros deal sold off right after launch A record $1.45 TRILLION of US investment-grade debt comes due between 2026 and 2030, per Moody's The last time borrowing costs were this high, the Fed had cut rates to near ZERO. This time, traders are betting on 3 to 4 more hikes by early 2028.

🇺🇸JUST IN: Senator Cynthia Lummis says Democrats are blocking the CLARITY Act to get "a pound of flesh from President Trump". "They want State Attorneys General from another state to sue elected officials. Senators said we don't want that." Trump agreed to divest or use a blind trust, "somehow that's not enough."

🚨"REPORTS ON CUBA NOT FROM ME OR THE PRESIDENT ARE FALSE" Rubio said any reporting on Cuba that did not come directly from him or the President is “a liar,” adding Cuba’s economy needs to change.

🚨MINNESOTA WEIGHS ON CRYPTO ATM BAN Lawmakers introduced a bill to ban crypto ATMs after a surge in scams targeting the elderly. The state only regulated them in 2024, now a full ban is on the table.