SWISS NATIONAL BANK minutes: overall monetary conditions have eased since the June monetary policy assessment, as Swiss franc depreciation has more than offset the tightening impact of higher interest rates.

On Thursday Meta Platforms (META.O) saw its credit-risk gauge spike to an intraday record and its bonds fall after the company outlined larger capital commitments tied largely to AI infrastructure. ICE data showed the five-year CDS rose 8.9bps to about 119.3bps, the highest intraday level since the contract launched, as investor concern increased. Meta disclosed future commitments of roughly $825bn for leases and contracts, many related to AI compute and infrastructure; in July it reported committed future spending near $700bn. Meta bonds also underperformed U.S. Treasuries.

美联储在固定利率逆回购操作中总计接纳了13个对手方的2.37亿美元。