The bond sell-off comes for corporate America

A sharp rise in US government borrowing costs this year is bleeding into the corporate debt market and Hong Kong’s de facto central bank questioned HSBC on why its new AI hub would be established in Singapore. Plus, Brazil’s currency, stocks and bonds jumped after rightwing presidential candidate Flávio Bolsonaro won a first-round victory, and insurers are preparing for multimillion-dollar claims stemming from AI agents going “rogue”.Mentioned in this podcast:Surge in borrowing costs hits corporate AmericaBrazil’s markets surge as investors bet on Flávio Bolsonaro election winFrance: between the bond market and the barricadesInsurance claims to test Altman and Amodei liability for ‘rogue’ AIHong Kong quizzes HSBC over Singapore AI hub decisionWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcastsThe FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.