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The bond market selloff showed signs of cooling after Fed officials hinted at no urgency for consecutive rate hikes. While yields are at multi-decade highs across the globe, stocks are still trading near ATHs.
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Before The Bell
As of 10/1/2026 market close.
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Markets
US stocks closed mostly flat yesterday as the bond selloff showed some signs of cooling
UK 30Y topped 6%, the highest since 1998
Munis fell 4.4% for their worst month since 2008
Earnings
Prediction Markets
Odds of an October rate hike plunged after Fed officials hinted at no urgency for consecutive rate hikes
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Headline Roundup
Federal officials indicate no urgency for back-to-back rate hikes (RT)
US Q2 GDP growth was revised higher to 2.2% YoY (RT)
US firms announce fewest September job cuts since 2022 (BBG)
France is ground zero in the global bond rout (WSJ)
Investors are wary of slowdown in US corporate profit boom (RT)
Investors sold mortgage bond ETFs at the fastest rate since Covid (RT)
Volatility control funds near record equity exposure, raising selloff risk (RT)
Global dealmaking cooled in Q3 (WSJ)
US law firm mergers dipped in Q3 (RT)
Carlyle warns private credit's AI push raises concentration risk (BBG)
India brushes off stock struggles to set IPO record in September (BBG)
Bridgewater's flagship macro fund is up 18% YTD (RT)
Tech CEOs privately questioned Amodei for sounding AI alarm bells (WSJ)
Weil is set to lose key UK PE partners as exits mount (BBG)
Miami project has sold $1.7B of condos without being built (BBG)
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Deal Flow
M&A / Strategic
Kone plans to sell most of TK Elevator's European business in a bid to tackle antitrust concerns over its planned $33.3B purchase from PE firms Advent and Cinven
Sanofi and Regeneron Pharmaceuticals are expanding their development and commercial partnership by another $8B
Authentic Brands Group is interested in acquiring Barbie-maker Mattel for over $6B
Transurban Group agreed to buy $3.1B of Australian toll road assets from Canada's CPPIB
BAE Systems, CVC, Blackstone, Advent, and EQT are weighing making bids for Parcom-owned Dutch drone detection firm Robin Radar Systems, which could fetch $2.25B
Lufthansa and Air France-KLM raised their offers for a 49.9% stake in TAP Air Portugal to over $1.1B
Pritzker Private Capital is exploring a $1B sale of Energy Distribution Partners
Australia's Lynas Rare Earths will acquire Meteoric Resources in a $670M all-share deal
Japanese electronic component maker Nidec plans to sell off low-profit units such as household appliances and automotive motors while investing in businesses for the AI, chips and energy sectors to restore investor trust after an accounting scandal
Sweden's Pophouse Entertainment Group acquired a 50% stake in the publishing and recording rights of Australian singer-songwriter Sia
Spanish lender Caixabank will assess a potential acquisition of Cetelem's consumer lending business in Spain and Portugal, owned by BNP Paribas
Malaysia Aviation Group, the parent of national carrier Malaysia Airlines, will acquire Airbus unit Sepang Aircraft Engineering
Warburg Pincus is in talks to acquire a substantial stake in Franco-German tankmaker KNDS from the founders' Wegmann & Co vehicle
VC
SoftBank completed its $30B investment in OpenAI
Homeward, a leader in cash-backed real estate financing solutions, raised a $120M Series D and $330M in asset-backed debt led by Saluda Grade
AI-native cybersecurity company Armadin raised a $255M Series B at a $2.5B valuation co-led by a16z and Accel
Volantis, a semiconductor company building a photonic AI inference architecture, raised an $88M Series A co-led by Lachy Groom and Abstract Ventures
doxx.net, an Agentic Defined Networking (ADN) platform provider, raised a $38M Series A led by a16z
Halluminate, an AI training-environment startup focused on financial work, raised a $30M Series A led by Oak HC/FT
Hilbert, an AI-driven analytics platform for B2C consumer brands, raised a $28M Series A led by a16z
Access the complete VC deal flow and data on Fundable
IPOs / Listings / Issuances / Block Trades
Anthropic plans to launch its $100B IPO before Thanksgiving
Airtel Africa, the African telecoms unit of Indian conglomerate Bharti Enterprises, plans to raise $700M at a $7B valuation in a London IPO of its mobile money business Airtel Money in what could be UK's biggest listing since 2021
Fintech unicorn MNT Halan is set to IPO its Egypt unit in Egypt at a $1B valuation
Fashion retail company Khaadi Pakistan plans to raise up to $30M in a Pakistan IPO
Tencent-backed Chinese AI cloud infrastructure provider Infinigence AI is preparing for a Hong Kong listing
Polish nuclear power firm company plans to IPO in 2028
Debt
Broadcom will lend Anthropic $42B to lease its chips
Ares and Apollo are leading a $6.5B debt package for Blackrock-backed telecom tower operator Phoenix Tower International
Funds / Secondaries
Ares raised $4B for a debut secondaries structured solutions fund for private market GPs
Oaktree raised $2B for a debut ABF fund
BC Partners is looking to raise $2B for its fourth special opportunities fund
Jake Paul's VC firm Anti Fund is seeking to raise $400M for its second fund
European private markets investor Swen Capital Partners raised $265M for its seventh PE FOF
Crypto Sum Snapshot
Cboe eyes VIX perps as exchanges move beyond crypto
Illinois will postpone its 0.2% crypto tax by six months
EU regulators say they need more powers to police crypto
Binance questioned over operations in Europe without license
Crypto Sum compiles the most important stories on everything crypto. Read it here.
Exec’s Picks
Golub Capital didn't just invest in F2. It chose F2 to power its next $100B in assets. The partnership brings agentic AI into direct lending, putting proprietary deal history to work while keeping firm data protected. Schedule a demo with the F2 team.
Dror Poleg shared an interesting piece on what the vocabulary around AI says about the direction of the technology.
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*DISCLAIMER: Investment advice provided by Autopilot Advisers, LLC ("Autopilot"), an SEC-registered investment adviser. Past performance does not guarantee future results. Investing carries risks, including loss of principal. As always, be smart out there. Litquidity is compensated to promote AutoPilot. Compensation details available upon request.