Good morning, you're tuned in to Markets Desk.
Global bond yields are pushing to levels not seen in decades, with international government debt following U.S. Treasuries sharply higher. The catalyst is the unresolved U.S.-Iran standoff, which is keeping risk premiums elevated and pressuring sovereign borrowing costs from London to Tokyo as investors demand more to hold long-dated paper.
Turning to equities, Brinker International's CEO sold roughly one hundred thousand shares of Chili's parent stock at two hundred forty three dollars and sixty three cents per share, pocketing an estimated twenty four point four million dollars. The company just capped five years of growth, and when a chief executive sells into the strength of a rally of that magnitude, the market takes notice — it's the kind of insider activity that raises legitimate questions about the runway ahead.
And on the institutional side, billionaire David Tepper of Appaloosa Management has slashed his position in Micron while adding to what he's called a fabulous AI stock for a sixth consecutive quarter. Thirteen-F filings give us a quarterly window into where smart money is repositioning, and Tepper's continued rotation out of memory chips and deeper into AI infrastructure is a signal worth tracking closely.
That's the tape. Markets Desk, signing off the floor.
