Nov 05, 2025

I recently learned that Deutsche Bank strategists have recommended shorting the 10-year Treasury, with a target yield of 4.45% and a stop at 3.9%. This comes after the Federal Reserve’s survey of senior loan officers indicated an increase in bank willingness to extend consumer loans and a rise in demand for mortgages. The U.S. economy is expected to grow at or slightly below potential, which is typically unfavorable for bonds, according to the SLOOS results.

The market showed mixed performance in response to this news, with U.S. stock futures, Bitcoin, and the dollar reacting to the prospect of rising Treasury yields. Despite factors like norm breaking, Fed bashing, and deficit spending, Treasury yields have been on the rise, potentially impacting the valuation argument against stocks. In other news, Morgan Stanley’s acquisition of EquityZen and TriArtisan Capital Advisors’ buyout of Denny’s highlight ongoing activity in private equity and the restaurant industry, showcasing diverse investment opportunities.

Venture capital deals and private equity transactions continue to shape the financial landscape, with companies like Beacon Software, Tala Health, and Azalea Therapeutics securing significant funding rounds. The market is also witnessing liquidity events, M&A activity, and fundraising efforts across various industries, indicating a dynamic investment environment. Changes in leadership at Harbert Management, legal battles between Pfizer, Novo Nordisk, and Metsera, and allegations of fraudulent activities at First Brands Group further contribute to the evolving financial landscape.

There have been discussions about Elon Musk’s voting power in Tesla without additional economic ownership, potential impacts of his political views on Tesla sales, and updates on financial matters like Pfizer and Novo increasing bids for an obesity drugmaker. Additionally, First Trust Portfolios LP was fined $10 million by FINRA for providing excessive gifts to representatives of retail broker-dealers, raising concerns about conflicts of interest in the financial industry. The news coverage ranged from regulatory violations to corporate governance issues, shedding light on the complex interplay between personal beliefs, corporate decisions, and market dynamics.

Stay Well!