High yield 4.192% – WI level at the time of the auction 4.189% – Bid to cover 2.64X – Tail 0.3 basis points – Dealers 15.3% versus average of 13.9% – Directs 21.01% – Indirects 63.71% Most Popular AVGO eyes $500 on AI chip strength, outshining QCOM.
Bear case weakens, but supply chain risks loom
Social Security trust fund faces 2032 depletion, risking a 22% benefit cut. Congress must act. US trade deficit narrows as record oil exports offset AI imports.
Watch for currency impacts. Audi’s 2027 Q7 boasts up to 591 HP & Matrix lighting, revamping its luxury SUV segment. Tech shares drag S&P & Nasdaq down.