Editorial companion

What stands out

The clip shows markets shrugging off a rise in long-term Treasury yields that reached levels last seen in 2002 while the Nasdaq closed at a record, a combination that feels unusual because higher yields usually cool frothy tech gains. Panelists also flagged the New York Fed's review of banks' lending to private credit firms, a concrete regulatory story that could reshape financing for leveraged deals. The segment mixes market breadth, interest-rate stress, and a specific supervisory probe in one short ride.