Spread across the political map, there are 16 races that @ABC News rates as tossup in which the outcomes are expected to come down to the wire and will be crucial to determining the balance of power in the House for the 120th Congress.
Spreads on Morpho Midnight are tightening. Several markets now have tens of millions in liquidity available to borrow at low, fixed rates, on multiple collaterals and chains.
Spreads on CCC-rated US junk debt are back above 1,000 bps, the widest since 2022.
The rest of the high-yield market is still tighter than 84% of readings since 1994.
Spreads on the largest portion of Paramount’s $52 billion financing to fund its buyout of Warner Bros. tightened as banks prepare to wrap up the long-awaited transaction.