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Two-thirds of insurers are funneling it into private credit.

The largest foreign holder is bringing capital home.

Long-term borrowing costs climbed anyway.

A Swiss pension fund tried to leave. Every other investor got half.

Loans locked at 3% now face a market demanding 13%.

The effective rate dropped by a third in one month.

Your money fund lends into this market every day.

Eight held firm. Four pushed back. The pressure is in the minutes.

The interest bill now tops the entire defense budget.

The committee lost its only dove and gained no new one.

Nvidia reported record revenue on May 20. The numbers beat expectations. The story behind them is bigger than the headline.

Two presidents, 16 CEOs, two days in Beijing. The outcome was more revealing than the headlines suggest.