🚨 THE BOND MARKET LOST SEPTEMBER. SOFTBANK BOUGHT THE TOLLBOOTH.
💰 The 10 year Treasury ended around 5.29%, the 30 year around 5.64%, and mortgage rates hit 7.30%. Capital is not cheap.
🏗️ SoftBank still completed its $3.1B acquisition of DigitalBridge, which reports roughly $120.6B of digital infrastructure AUM. SoftBank did not buy one data center. It bought the origination platform.
🤖 KKR is now warning that the AI buildout could require $7.6T to $8T of capex through 2030 and that apparently diversified credit exposure may still depend on the same hyperscalers, infrastructure, and AI spending cycle.
🇰🇷 Meanwhile, South Korea just reported record $120.9B…
The skinny
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