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Bond Issuance

2 GoKawiil briefs on this topic

Treasury yields post biggest one-day drop since 2023 as tech sell-off spurs haven rush

A sharp selloff in technology stocks, led by Meta and chipmakers, pushed the Nasdaq to its worst day since June and sent investors into safe-haven assets. The 10-year U.S. Treasury yield fell below 5% for the first time in a month in its steepest one-day decline since March 2023, while Japanese government bonds and the yen also rallied on haven demand. Separately, Volvo Car shares fell as much as 30% in Stockholm after reporting a quarterly loss tied to weak U.S. and Chinese sales.

SoftBank issues $11.1bn in bonds to fund final OpenAI investment tranche

SoftBank Group raised $11.1 billion through senior notes—$10 billion in dollar-denominated bonds and 1 billion euros in euro-denominated notes. The company said the proceeds will cover a $10 billion payment due for the third and final tranche of its $30 billion follow-on investment in OpenAI, expected to close October 1, with the remainder going toward general corporate purposes. SoftBank shares rose more than 7% when Japanese markets reopened after a three-day holiday.