🚨 THE BOND MARKET JUST CALLED TREASURY’S BLUFF.
Treasury tried to calm long duration yields.
The ten year Treasury went right back toward 4.7%.
Oil is sitting above $90.
The Dow dumped more than 700 points.
Walmart beat earnings and still lost more than 9%.
And somehow, that is not even the most interesting capital markets story this morning.
🤖 AI just discovered project finance.
Nvidia is providing massive credit support behind OpenAI related infrastructure in Ohio.
Why should investors care?
Because the winning AI infrastructure projects will not simply have GPUs and a nice story.
They will have:
⚡ Real power
🏗️ Executable construction
📑…
The skinny
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