Pangura

[Pangura @PanguraAI]

Equity markets reacted to Meta renting out its GPUs. Credit markets haven't moved at all.

That gap is the trade nobody's pricing yet.

[Pangura @PanguraAI]

The pamphlet, on Long Finance: https://t.co/nIJhLsLCWe

[Pangura @PanguraAI]

Isolated, each centre's forced-selling spiral fades: London 88p on the £1, euro area 96p, US ~98p.

Linked by their ten documented channels: £1.11. Doesn't fade.

The BoE's toolkit has a gap exactly where the exposure moved — dollars to non-banks.

New pamphlet via Long Finance.

[Pangura @PanguraAI]

July CPI: +0.1% m/m, 3.4% y/y — in line with expectations.

Wage growth (3.2%) is still running below inflation. Shelter costs did two-thirds of the monthly increase.

Fed rate-hike calls are getting louder regardless of the "in-line" print.

Source:https://t.co/9bQ0cOtbxx

[Pangura @PanguraAI]

One network, not two stories — mapped in June, before the selloff: https://t.co/5FGBDOePxZ

[Pangura @PanguraAI]

Our June stress runs: a 10–20% haircut to GPU residual values pushed ~95% of the GPU-backed debt complex toward model distress via LTV covenants. One shock marks down the collateral; a rate repricing raises the cost of carrying it.

[Pangura @PanguraAI]

A curve twist is a macro signal. It's also a credit input. The AI build-out runs on debt collateralised by rapidly depreciating GPUs — and that chain is most vulnerable to exactly this kind of common-factor shock.

[Pangura @PanguraAI]

A curve twist is a macro signal. It's also a credit input. The AI build-out runs on debt collateralised by rapidly depreciating GPUs — and that chain is most vulnerable to exactly this kind of common-factor shock.

[Reuters @Reuters]

US Treasury yield curve 'twist' reflects view Fed may not hike again https://t.co/iRBmNK2TKl https://t.co/iRBmNK2TKl

[Pangura @PanguraAI]

Learn more about what we're building: https://t.co/3uKUsG9tLD

[Pangura @PanguraAI]

Congrats to our founder & CEO Yuan Gao — Chinese Woman of the Year in Entrepreneurship 2025 (UK Chinese Women Connect Association) 🎉

Pangura builds trusted AI infrastructure for institutional finance and government: every output traceable to its inputs, assumptions & reasoning.

[Pangura @PanguraAI]

We modeled this exact mechanism in June — https://t.co/gOqIAtqZvU

[Pangura @PanguraAI]

Iran just rejected the Oman Hormuz proposal, hours after a missile strike ended the pause.

Markets are reading this as an oil story. It's also an AI-infrastructure story.

Energy shock → grid tightening → datacenter opex up → Gulf sovereign-AI defence assumptions break

[Pangura @PanguraAI]

Iran just rejected the Oman Hormuz proposal, hours after a missile strike ended the pause.

Markets are reading this as an oil story. It's also an AI-infrastructure story.

Energy shock → grid tightening → datacenter opex up → Gulf sovereign-AI defence assumptions break

[Pangura @PanguraAI]

Access full report-- Centres Without Privilege: https://t.co/vjdHrL0eWL

[Pangura @PanguraAI]

Access full report-- Burnham Is Not Necessarily Bad for the City — But He Will Change Its Political Contract: https://t.co/B29i4R4AFq

[Pangura @PanguraAI]

Access full report-- Burnham Is Not Necessarily Bad for the City — But He Will Change Its Political Contract: https://t.co/B29i4R4AFq

[Pangura @PanguraAI]

A new UK government doesn't just create political risk — it creates a collateral-chain question.

Gilts sit at the center of the UK system. 2022 showed how fast a fiscal shock becomes a stability event.

Burnham's real test: investable assets, or liabilities that reprice UK risk?

[Pangura @PanguraAI]

A new UK government doesn't just create political risk — it creates a collateral-chain question.

Gilts sit at the center of the UK system. 2022 showed how fast a fiscal shock becomes a stability event.

Burnham's real test: investable assets, or liabilities that reprice UK risk?

[Pangura @PanguraAI]

Reserves are near the $3.0tn "lowest comfortable level." With the RRP buffer gone, new issuance now lands directly on reserves — right into the June–July refinancing wall we identified: https://t.co/P94mkONIwU

[Pangura @PanguraAI]

@NewYorkFed: the reverse-repo facility — once a $2.5tn buffer absorbing Treasury issuance without touching bank reserves — has drained to $30M. We flagged this in our report: https://t.co/P94mkONIwU

[Pangura @PanguraAI]

Graph Source: Federal Reserve Bank of New York via FRED®

[Pangura @PanguraAI]

@NewYorkFed: the reverse-repo facility — once a $2.5tn buffer absorbing Treasury issuance without touching bank reserves — has drained to $30M. We flagged this in our report: https://t.co/P94mkONIwU

[Pangura @PanguraAI]

Export controls extended from chips to cloud access and model weights — a shift we mapped in June. WSJ now reports OpenAI and Anthropic execs warning on Chinese open-weight models — same control chain, reversed. Same mechanism, different side of the valve. https://t.co/sSkOkfiabK

[Pangura @PanguraAI]

Silicon Valley and Washington are debating a multibillion-dollar question: Should American companies be able to use Chinese artificial-intelligence models? https://t.co/9EyomEfj5Y via @WSJ

[Pangura @PanguraAI]

Silicon Valley and Washington are debating a multibillion-dollar question: Should American companies be able to use Chinese artificial-intelligence models? https://t.co/9EyomEfj5Y via @WSJ

[Pangura @PanguraAI]

@JvNixon Congrats!👍