Meta, Google, and Microsoft delivered contrasting capex signals—Meta raised its FY25 guide and flagged faster expense growth, Google boosted its capex outlook, while Microsoft’s spending came above expectations but offered softer guidance

In the US, buying T-bills is of no benefit to longer bonds as a stand-alone measure. And MBS bonds confirmed as still rolling off. Also, longer tenors react poorly to muted anticipation of a Fed rate cut in December from Chair Powell.

Income investors may have seen B&G come across their radar thanks to the stock’s sky-high 17% dividend yield. But is that dividend as reliable as a bowl of the company’s Cream of Wheat hot cereal?