TREE NEWS update: Voting began in the US midterm elections. Australia’s central bank raised its policy rate by 25 basis points to an 18-year high, with three members voting to hold. Meta plans to issue at least $20 billion in bonds with maturities of up to 30 years, while Oracle raised $9.9 billion by selling shares at an 11% discount and $10 billion through bonds. Pfizer beat third-quarter estimates and raised its full-year revenue guidance.
Global Market Brief: US Midterms Vote, RBA Hikes, Meta Plans $20B Bond Sale
Meta's planned bond sale sits alongside Oracle's discounted equity raise and bond issuance, a reminder that even the largest technology names are leaning on debt markets rather than internal cash flow to fund their ambitions. The scale and long maturities suggest appetite for duration among credit buyers, which matters for how other large-cap issuers time their own borrowing. Whether that window stays open as the RBA tightens into an 18-year high — with three members already dissenting — is the open question.
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