Europe's Top Dollar Bonds Eclipse Treasuries in Safe-Haven Race
The rate on some bonds issued by the European Investment Bank and Germany's state-owned lender KfW have dipped below comparable US government debt in recent sessions. The European securities have outperformed since April, when US President Donald Trump's tariff announcement roiled global markets and fanned a debate about US Treasuries' safe-haven status.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a few seconds ago
- Yahoo
Mistral in talks with VC firms, MGX to raise funds at $10 billion valuation, FT reports
(Reuters) -French artificial intelligence startup Mistral is in talks with investors, venture capital firms and Abu Dhabi's MGX to raise $1 billion at a valuation of $10 billion, the Financial Times reported on Friday, citing people familiar with the matter. The company launched in June Europe's first AI reasoning model, which uses logical thinking to create a response, as it tries to keep pace with American and Chinese rivals at the forefront of AI development. The funding would accelerate the commercial rollout of Mistral's Le Chat chatbot and support continued development of its large language models, the report said. MGX and Mistral did not immediately respond to Reuters requests for comment. The startup raised 600 million euros in a Series B funding round that valued the company at 5.8 billion euros last year. Industry observers consider Mistral as Europe's best-positioned AI company to rival Silicon Valley leaders, though the French firm has yet to achieve comparable market traction or revenue scale. Mistral counts Nvidia, Andreessen Horowitz and Lightspeed Venture Partners among its investors.
Yahoo
a few seconds ago
- Yahoo
Ghislaine Maxwell moved from Florida to minimum-security prison in Texas
Ghislaine Maxwell has reportedly been moved from a low-security federal prison in Florida to the minimum-security Federal Prison Camp Bryan in southeast Texas. The move, first reported by The New York Sun on Friday, comes a week after Maxwell's meetings with U.S. Deputy Attorney General Todd Blanche — President Donald Trump's former personal attorney — regarding dozens of people allegedly connected to Jeffrey Epstein. The pair spoke over a period of two days, during which Maxwell indicated she would testify before Congress if granted full immunity from future prosecution, among other conditions including a presidential pardon. It's not clear why the 63-year-old convict was transferred, though the 'sweetheart' deal places Maxwell in a prison that puts her much closer to her family, according to the Daily Beast. The Bureau of Prisons couldn't immediately be reached for comment. Its online inmate tracker didn't list a location for Maxwell as of Friday afternoon. Maxwell was sentenced to 20 years in prison in 2022 'for her role in a scheme to sexually exploit and abuse multiple minor girls with Jeffrey Epstein over the course of a decade,' according to the Justice Department. She's appealing her conviction. The president's association with the pair has been under heavy scrutiny amid public demands for the DOJ to release the so-called 'Epstein files,' as well as reports that Trump was once close friends with the billionaire, who died by suicide in 2019 while awaiting trial on federal sex trafficking charges. Trump told New York magazine in 2002 that he enjoyed spending time with Epstein. 'It is even said that he likes beautiful women as much as I do, and many of them are on the younger side,' he told the magazine. Trump has since called Epstein a 'creep' and distanced himself from the sex offender, who pleaded guilty in 2008 to soliciting prostitutes including a minor. Earlier this week, the president claimed he and Epstein had a falling out many years ago after the disgraced financier 'stole' teenage employee Virginia Giuffre from his Mar-a-Lago club, where she worked in the spa in 2000. Giuffre later became one of Epstein's most vocal sex abuse accusers. She died by suicide in April, according to her family, who believe Trump may know more about Epstein's alleged activities than he's telling. Giuffre is not known to have accused Trump of wrongdoing, and he's denied any impropriety involving Epstein and Maxwell. Giuffre's family members and two other alleged Epstein victims sent a statement to media outlets condemning Maxwell's prison transfer. 'President Trump has sent a clear message today: Pedophiles deserve preferential treatment and their victims do not matter,' the statement said. A Trump administration official told one NBC News reporter the any assertion Maxwell is getting preferential treatment is 'absurd,' saying prisoners are often moved for a multitude of reasons including safety concerns. FPC Bryan offers the lowest level of restrictions in the federal prison system — a step down from the low-security FCI Tallahassee that Maxwell was previously in. Camp Bryan famously houses convicted Theranos fraudster Elizabeth Holmes and 'Real Housewives of Salt Lake City' star Jen Shah, who was convicted in 2023 of running a nearly decade-long nationwide telemarketing scam. _____
Yahoo
a few seconds ago
- Yahoo
Equities, Yields Tumble Following Jobs Report Shock; Wall Street Posts Weekly Declines
US equities and Treasury yields declined Friday following a weaker-than-expected jobs report and the Sign in to access your portfolio
