Blue Owl Capital Corp (OBDC): * FITCH AFFIRMS BLUE OWL CAPITAL CORPORATION II AT 'BBB-'; OUTLOOK STABLE. * FITCH: BELIEVES BDCS TO CONTINUE TO FACE COMPETITIVE ENVIRONMENT, WEAKER EARNINGS & DIVIDEND COVERAGE METRICS, ASSET-QUALITY METRICS PRESSURE IN 2026 Source text: Further company coverage:
KKR & Co Inc (KKR): * FITCH DOWNGRADES FS KKR CAPITAL CORP TO 'BB+'; OUTLOOK NEGATIVE. * FITCH: NEGATIVE OUTLOOK REFLECTS EXPECTATION THAT FSK'S ASSET-QUALITY ISSUES WILL PERSIST. * FITCH: DOWNGRADE OF FSK'S RATING REFLECTS CONTINUED DETERIORATION IN ITS ASSET QUALITY Source text: Further company coverage:
Extendicare Inc (EXETF): * EXTENDICARE ANNOUNCES $450 MILLION INAUGURAL OFFERING OF INVESTMENT GRADE SENIOR UNSECURED NOTES. * Extendicare Inc (EXETF) - NET PROCEEDS TO REPAY TERM CREDIT FACILITY AND FOR GENERAL CORPORATE PURPOSES Source text: Further company coverage:
KBRA assigns a long-term rating of AA+ to the City of New York Taxable General Obligation Bonds, Fiscal 2026 Series H, Subseries H-1. Concurrently, KBRA affirms the long-term rating of AA+ with a Negative Outlook on outstanding City of New York General Obligation Bonds. Key Credit Considerations Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2026 General Obligation Refunding Bonds; 2026 General Obligation Refunding Bonds; 2026 General Obligation Refunding Bonds; and, 2026 General Obligation Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
U.S. stocks rallied on Thursday, with the S&P 500 and Nasdaq clocking their seventh daily gain, as investors shrugged off a rise in oil prices and pinned their hopes on the fragile U.S.-Iran ceasefire extending to Israel and Lebanon too.
U.S. stocks rallied on Thursday, with the S&P 500 and Nasdaq clocking their seventh daily gain, as investors shrugged off a rise in oil prices and pinned their hopes on the fragile U.S.-Iran ceasefire extending to Israel and Lebanon too.
The Toronto Stock Exchange closed lower on Thursday, the first drop in seven sessions, on some profit taking, but also on wariness around continuing geopolitical tensions across the Middle East and lingering concerns around inflation with a recent spike in oil prices seen adding to existing tariff-related pressures on global economies.
CoreWeave, Inc. (CRWV) announced today that it priced a private offering of $1,750 million aggregate principal amount of 9.750% senior notes due 2031, which represents a $500 million increase from the previously announced size of the offering.
Financial stocks increased late Thursday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF up 0.4%. The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin rose 1.1% to $72,174, and the yield for 10-year US Treasuries was slightly lower at 4.29%. In economic news, US eco...
* S&P 500 breaks back above 100-day, 200-day moving averages. * PCE, GDP data show inline inflation, weaker-than-expected growth. * Amazon (AMZN) shares rise after CEO reveals AI services revenue. * Constellation Brands (STZ) jumps after smaller drop in Q4 sales.
U.S. Treasury yield forecasts are only a bit higher than a month ago despite the U.S.-Israeli war on Iran, according to market strategists polled by Reuters who are still putting off making major changes to their longer-term inflation view.
"It seemed to be a relief rally [Wednesday], and that's what everyone's hoping for. But fundamentally, they're still major issues that need to be addressed, but people seem to be giving that a pass," on Wednesday, said a source.
Market Intelligence analyst Jeff Lipton looks back on a first quarter in which the municipal bond market was unexpectedly buffeted by the winds of war.
The US economy expanded at a slower rate in the fourth quarter than previously projected, as consumer spending growth decelerated, the Bureau of Economic Analysis' third estimate showed Thursday. Real gross domestic product increased at a 0.5% annualized rate in the December quarter, down from the 0.7% growth reported in the second estimate.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index adding 0.4% and the State Street Financial Select Sector SPDR ETF up 0.3%. The Philadelphia Housing Index was climbing 1.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin rose 1% to $71,832, and the yield for 10-year US Treasuries was slightly lower at 4.29%. In corpora...
* US economic data shows weaker GDP growth, higher jobless claims, and steady inflation gauges. * Hormuz ship traffic still below normal volumes. * Israel seeking direct negotiations with Beirut. By Chuck Mikolajczak.
KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.
Argentina's industrial output fell 8.7% in February compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Thursday. This marked its eighth month of year-on-year declines and its biggest dip since last November.
The US Consumer Price Index is expected to rise by 0.9% in March after a 0.3% gain in February, according to a survey compiled by Bloomberg, with higher gasoline prices due to the conflict in Iran the key factor. Not only are gasoline pump prices expected to rise, but other categories that rely heavily on energy, such as airfares, are expected to see a large push higher.
The third estimate of Q4 GDP showed a 0.5% gain, revised down from a 0.7% increase in the previous estimate. Personal spending is now reported up 1.9% after a 2.0% increase in the advance estimate. There were upward revisions to nonresidential fixed investment and government spending that were offset by downward adjustments to residential fixed investment and private inventories.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding about 0.5%. The Philadelphia Housing Index was climbing 1.6%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin rose 2% to $72,484, and the yield for 10-year US Treasuries was decreasing 2.8 basis points to 4.26...
From April 24 to 28, 2026, the Chery International Business Summit will be held during the Beijing Auto Show, bringing together over 3,000 industry partners, global dealers, and supply chain elites. Image: OMODA&JAECOO-THIRD ANNIVERSARY, FIRST MILLION The Fastest Path to Global Success One of the fastest record to one million units globally.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.5%. The Philadelphia Housing Index was climbing 1.6%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin rose 2% to $72,484, and the yield for 10-year US Treasuries was decreasing 2.8 basis points to 4.26%. In ...
Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims reached the lowest level since May 2024, government data showed Thursday. For the week through April 4, the seasonally adjusted number of initial claims increased by 16,000 to 219,000 from the previous week's average that was adjusted upwards by 1,000, the Department of Labor said.
New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration and potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the U.S.-Israeli war with Iran.
Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.
US inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict. The personal consumption expenditure price index rose 0.4% month over month in February following a 0.3% gain in the prior month, the Bureau of Economic Analysis reported Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.37%. ?Mortgage rates ticked down this week, averaging 6.37%,? said Sam Khater, Freddie Mac?s Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Central bankers must be prepared to tighten monetary policy to avoid an inflationary spiral if war-driven energy price shocks are sustained, but also need to watch for a softening of demand that would argue against rate hikes, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday.
The Federal Reserve Board said Thursday it has terminated a 2018 cease-and-desist order against Goldman Sachs (GS), effective March 25, after the firm addressed regulatory concerns. The Fed also ended a 2015 enforcement action against Credit Agricole and its corporate and investment banking unit, as well as a 2018 order against Mega International Commercial Bank, including its US branches.
Foreign investors bought fewer two-, five-, and seven-year U.S. Treasury notes at last month's auction than in February, as conflict raged in the Middle East, data from the U.S. Treasury Department released on Wednesday showed. Foreign buyers purchased $6.024 billion of the latest two-year notes in March, about half the $13.190 billion bought in the previous month.
* Huge Israeli strikes on Lebanon threaten Iran truce. * US PCE inflation picks up in February. * US CPI due on Friday. * Silver, platinum up over 2% By Ashitha Shivaprasad and Anjana Anil.
* Weekly jobless claims increase 16,000 to 219,000. * Continuing claims decrease 38,000 to 1.794 million, lowest level since May 2024. * Core PCE price index rises 0.4% for second straight month; up 3.0% year over year. By Lucia Mutikani.
* Euro, sterling marginally higher as doubts persist over US-Iran ceasefire. * Yen weakens, fiscal expansion concerns also in mix. * Ceasefire seen as fragile amid ongoing Israel-Hezbollah conflict. By Hannah Lang and Alun John.
* Indexes down: Dow 0.11%, S&P 500 0.09%, Nasdaq 0.21% * February PCE at 2.8% on annual basis, meets estimates. * Applied Digital (APLD) falls after quarterly loss widens. * Constellation Brands (STZ) jumps after smaller drop in Q4 sales.
* Israeli attacks on Lebanon jeopardise truce. * US PCE inflation picks up in February. * US CPI due on Friday. By Ashitha Shivaprasad and Anjana Anil. Gold prices firmed on Thursday as a weaker U.S. dollar lent support, while investors assessed the durability of a fragile ceasefire between Washington and Tehran and awaited U.S. Consumer Price Index data.
White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm highly confident that that will happen," Hassett told Fox Business Network, adding that he believed a confirmation hearing for Warsh was on track to begin next week.
White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm highly confident that that will happen," Hassett told Fox Business Network, adding that he believed a confirmation hearing for Warsh was on track to begin next week.
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP estimate.
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third GDP estimate.
* Ceasefire strained as Iran claims Strait of Hormuz closed. * Oil prices bounce after Wednesday's steep slide. * European shares dip after strongest day in 4 years. * US core price data comes in as forecast, but GDP misses. By Marc Jones and Wayne Cole.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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