MACROSTORY 539· JULY 30, 2026

Blackstone Private Credit Fund's payment-in-kind income held at 5.6% of total in second quarter

When a borrower skips a cash interest payment and hands the lender more debt instead, rolling what is owed back into the loan balance, that arrangement is called payment-in-kind, or PIK. Blackstone Private Credit Fund disclosed that PIK…

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Treasury yields hit nearly three-year high as Bessent's $6bn buyback falls short

The ten-year Treasury yield, the interest rate the U.S. government pays investors to borrow for a decade, jumped to its highest level in nearly three years. Bessent's $6 billion repurchase programme, an upsized version of a plan to buy…

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Sterling's run as the G10's star currency looks fragile as the Bank of England turns cautious

The British pound has been the surprise performer among G10 currencies, the label for a basket of major global exchange rates, but the Bank of England is now signaling a more cautious stance on rates at the exact moment its peers are still…

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Several stocks rise as Hyrox fitness trend grows globally

Hyrox, a competitive fitness format in which participants run set distances and complete gym-based exercises in a structured timed race, is gaining ground in markets around the world. Several stocks are currently seeing the benefit of that…

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