Costly US Bond Sales,‘SaaSpocalypse’, Rare Earth Investments |Bloomberg Businessweek Daily 8/13/2026

Watch on YouTube ↗  |  August 13, 2026 at 22:33  |  48:57  |  Bloomberg Markets
Speakers
Ira Jersey — Bloomberg Intelligence Chief US Interest Rate Strategist
Alli McCartney — Managing Director of Wealth Management, UBS Alignment Partners
Paula Seligson — Senior Reporter, Bloomberg News
Lipi Sternheim — President and CEO, REAlloys
Matthew Griffin — Equities Reporter, Bloomberg

Summary

Bloomberg's Businessweek Daily covers the latest 30-year Treasury auction drawing its highest yield since 2001, alongside a broader market outlook focusing on the secular bull market and gold's resurgence. The episode also dives into the 'SaaSpocalypse', exploring how new AI tools threaten the business models of highly leveraged software companies. Finally, the CEO of REalloys discusses the push to build a domestic rare earths supply chain to reduce reliance on China.

  • 30-year Treasury yields hit their highest levels since 2001, though yields are expected to moderate.
  • The secular bull market in US equities is supported by AI infrastructure, reshoring, and productivity gains.
  • European equities are seeing an earnings renaissance driven by geopolitical and infrastructure spending.
  • Gold is regaining its status as a portfolio diversifier amid geopolitical risks and shifting sovereign demand.
  • AI tools like coding assistants threaten the revenue models of highly leveraged software-as-a-service companies.
  • Private equity firms face refinancing risks on software buyouts completed during the low-rate era.
  • REalloys is advancing its phase one processing rollout to produce heavy rare earth metals domestically by 2027.
Ideas
Ira Jersey Bloomberg Intelligence Chief US Interest Rate Strategist 8:57
Long-term Treasury yields will likely decline.
30-year Treasury yields are likely to fall to around 4.75% over the next six months, as real yields on 30-year TIPS appear capped at 3% and there is no expectation for a significant increase in long-term inflation expectations.
TLT MED
Alli McCartney Managing Director of Wealth Management, UBS Alignment Partners 12:51
AI and reshoring extend the bull market.
The secular bull market in US equities has room to run much longer than the historical average, supported by multi-year tailwinds from AI infrastructure, reshoring, and tariffs, which will drive productivity gains and allow for continued multiple expansion.
SPY HIGH
Alli McCartney Managing Director of Wealth Management, UBS Alignment Partners 16:43
Geopolitics drives European infrastructure earnings renaissance.
European equities are experiencing a multi-season earnings renaissance as geopolitical tensions and tariffs force the region to heavily invest public and private capital into physically protecting and rebuilding their cyber and energy infrastructure.
VGK MED
Alli McCartney Managing Director of Wealth Management, UBS Alignment Partners 18:18
Geopolitics and sovereign buying support gold.
Gold is returning as a strong long-term portfolio diversifier because geopolitical risks are driving a strengthening US dollar and foreign sovereigns are shifting their asset demand away from US Treasuries toward gold.
GLD MED
Paula Seligson Senior Reporter, Bloomberg News 23:10
AI tools threaten highly leveraged software companies.
Highly leveraged software-as-a-service (SaaS) companies acquired by private equity face significant refinancing risks, as emerging AI tools threaten to replace their core products, potentially eroding the revenue growth needed to service their massive debt loads.
Highly leveraged software companies MED
Lipi Sternheim President and CEO, REAlloys 39:33
REalloys is funded to produce rare earths.
REalloys is fully funded for its phase one processing and metallization rollout, aiming to produce heavy rare earth metals domestically by 2027 to help close the massive supply chain gap currently dominated by China.
REAlloys MED
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This Bloomberg Markets video, published August 13, 2026, features Ira Jersey, Alli McCartney, Paula Seligson, Lipi Sternheim discussing TLT, SPY, VGK, GLD, Highly leveraged software companies, REAlloys. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ira Jersey, Alli McCartney, Paula Seligson, Lipi Sternheim  · Tickers: TLT, SPY, VGK, GLD, Highly leveraged software companies, REAlloys