10AM Hour: UBS CEO on U.S. Growth, Russia Plague Risks, Nuclear Power Deal 10/6/26

Rising global bond yields, an AI-driven capex boom, and nuclear power deals are simultaneously reshaping markets, with France flagged as the acute fiscal risk.

• French bond stress spreads: France's CDS spreads exceed peers' amid €1T+ debt due by 2030 and a planned record $380B debt sale in 2026; Le Pen pushes for 3% deficit by 2032.
• Yardeni sees resilience, not crisis: U.S. 10-year yield rose second-most globally this year as Yardeni (Yardeni Research) argues neutral rates are higher due to strong growth, AI capex ($1.7T) and $110T in boomer net worth.

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