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.