US long-term borrowing costs ease after government steps in

Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market The US treasury is doubling its buyback of government debt in an effort to balance out the bond market and counterbalance investor concern over high inflation. The yield rate on 10-year, 20-year and 30-year treasury notes all hit 20-year highs this week, with the 30-year treasury yield rising to its highest rate since 2007. The rapid rise was concerning news for borrowers as major loans, including mortgages, are backed by treasuries...

Blockbuster market debuts by two technology companies show how Beijing is turning to local investors to finance its A.I. ambitions and reduce reliance on Wall Street.

Despite another reset with a new manager and fresh strategy, the boardroom drama persists at Stamford Bridge Perhaps, in hindsight, it was always going to end this way. As some of the world’s wealthiest investors scrambled to find funds after Vladimir Putin’s invasion of Ukraine set a series of dominoes toppling that forced Roman Abramovich to sell Chelsea, it threw together some unexpected allies. Todd Boehly became the public face of the winning bid, convincing US sports mogul Mark Walter and Swiss businessman Hansjörg Wyss to join as 12.8% minority investors. Private equity firm Clearlake Capital put in 61.6%, bringing owners Behdad Eghbali and José E Feliciano, who made their fortunes investing in tech, into the leadership fold...