Leaked texts tie a Trump ambassador pick to cash requests from a favor-seeking donor, while SpaceX borrowing costs climb — bad for the administration's image and for anyone holding SpaceX debt.

• Texts show Kimberly Guilfoyle pressing a donor to wire $100,000 to an American Express account, saying it "won't show up anywhere," ahead of her confirmation as ambassador to Greece.
• The donor, a former Kentucky congressional candidate, wanted help with tax and legal problems and floated payments up to $1 million; she later told him to stop putting things in writing and call on Signal.
• SpaceX credit default swaps are rising as it seeks another $40 billion for Nvidia chips — debt used to buy chips that justify more debt.
• Big investors are cooling on the story: at a recent Morgan Stanley client meeting of 40 people, not one said they owned SpaceX shares.
• Treasury Secretary Scott Bessant blames rising bond yields on a "global phenomenon," but US and French yields are among the worst performers, and Fed minutes point to another rate hike coming.

Outlook: Expect more documents to leak and more pressure on long-term rates, with mortgage costs following bond yields higher.