Speculators' net bearish bets
on U.S. 5-year note futures, one part of the curve that reflects
the market's interest rate expectations, dropped to the lowest
level since September last year, ...
* FITCH RATES MASSACHUSETTS' $650 MILLION GO BONDS 'AA+'; OUTLOOK STABLE. * FITCH SAYS HAS ASSIGNED 'AA+' RATING TO ABOUT $650 MILLION OF COMMONWEALTH OF MASSACHUSETTS GO BONDS CONSOLIDATED LOAN OF 2022.
* FITCH AFFIRMS BULGARIA AT 'BBB'; OUTLOOK POSITIVE. * FITCH ON BULGARIA SAYS POSITIVE OUTLOOK REFLECTS PROSPECT OF EURO ADOPTION, WHICH WOULD LEAD TO SIGNIFICANT IMPROVEMENTS IN EXTERNAL METRICS. * FITCH ON BULGARIA SAYS IT MAINTAINS ITS VIEW THAT ECONOMIC PROSPECTS WILL BE FAVOURABLE OVER NEXT YEARS, SUPPORTED BY SUBSTANTIAL EU FUNDING Source text for Eikon:
* TSX ends down 436.79 points, or 2.1%, at 20,621.39. * Posts its lowest closing level since Dec. 20. * Technology and energy both fall 3.4% * Shares of Shopify Inc (SHOP) tumble 13.4% By Fergal Smith.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Pedcor Assurance Company. The ratings reflect PAC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The dollar declined on Friday, along with U.S. Treasury yields, while
investors looked ahead to next week's Federal Reserve meeting for more clarity on the outlook for rate
hikes.
Swain's order affects $1.9 billion of PRIFA bonds and $384 million of CCDA bonds, for which insurers and bondholders will receive minimum recoveries of 14% and 29% of par, respectively.
The Digital Dollar Project today issued the below statements regarding The Federal Reserve Board?s discussion paper titled Money and Payments: The U.S. Dollar in the Age of Digital Transformation, released on January 20, 2022. ?The Digital Dollar Project commends the Federal Reserve?s CBDC policy paper.
Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy. The SPDR S&P Regional Banking ETF was up 2% year-to-date on Friday afternoon, compared to a 6.6% decline for the S&P 500.
Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy. The SPDR S&P Regional Banking ETF was up 2% year-to-date on Friday afternoon, compared to a 6.6% decline for the S&P 500.
The White House likely will not weigh in on the Federal Reserve's request for public input on whether to pursue issuing digital currency, White House spokesperson Jen Psaki said on Friday.
* Stocks drop in Europe, Asia after Wall Street sell-off. * Oil prices fall further away from 7-year highs. * Treasury yields drop as investors seek safety. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Tommy Wilkes.
The U.S. dollar edged lower with U.S. Treasury yields on Friday, with
investors looking ahead to next week's Federal Reserve meeting for more clarity on the U.S. outlook for rate
hikes.
A gauge of future U.S. economic activity increased solidly in December, suggesting the expansion would continue despite challenges from the COVID-19 pandemic and anticipated interest rate increases from the Federal Reserve to tame high inflation. The Conference Board said on Friday its Leading Economic Index rose 0.8% last month after advancing 0.7% in November.
Nexpoint Real Estate Finance Inc (NREF) : * NEXPOINT REAL ESTATE FINANCE, INC. ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES. * Nexpoint Real Estate Finance Inc (NREF) - HAS LAUNCHED AN OFFERING OF ITS 5.75% SENIOR NOTES DUE 2026.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings of Nissay reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
GVE Ltd. on 19th January 2022, resolved at a board of directors meeting to receive funds through a Series D financing. GVE is a DX platform company with global ambitions, founded to develop and operate a digital fiat currency platform, or Central Bank Digital Currency.
NEW YORK, Jan. 21, 2022 The Conference Board Leading Economic Index? ?for the?U.S. increased by 0.8 percent in December to 120.8, following a 0.7 percent increase in November and a 0.7 percent increase in October.
Freddie Mac (FMCC) today predicted that the single-family housing market will remain stable in 2022 even as mortgage rates are expected to increase. ?As mortgage rates rise, we do expect some moderation in housing demand, causing house price growth to temper. Specific findings include: Freddie Mac (FMCC) makes home possible for millions of families and individuals by providing mortgage capital to lenders.
The World Economic Forum will hold its 2022 annual meeting in the Swiss mountain resort of Davos from May 22-26, the group said on Friday. The Geneva-based WEF had in December postponed the annual event a month before it was due to take place, citing the difficulties of holding such an in-person conference amid the spread of the Omicron coronavirus variant.
The World Economic Forum will hold its 2022 annual meeting in the Swiss mountain resort of Davos from May 22-26, the Geneva-based group said on Friday. The WEF had in December postponed the event for the business and political elite a month before it was due to take place, citing the difficulties of holding such an in-person conference amid the spread of the Omicron coronavirus variant.
U.S. Treasury yields fell on
Friday as concerns about potential conflict in Ukraine dented
risk appetite and stock market declines increased demand for the
safe-haven debt.
Yields have jumped ...
- U.S. equity funds faced outflows in the week to Jan. 19 on concerns over a rise in U.S. Treasury yields and a feeble start to the fourth-quarter earnings season. According to Refinitiv Lipper data, investors sold U.S. equity funds of $4.5 billion, marking the first weekly outflow in five weeks.
The Canadian dollar edged lower
against its U.S. counterpart on Friday as uncertainty about the
pace of expected Federal Reserve interest rate hikes weighed on
investor sentiment and domestic data ...
U.S. equity funds faced outflows in the week to Jan. 19 on concerns over a rise in U.S. Treasury yields and a feeble start to the fourth-quarter earnings season. According to Refinitiv Lipper data, investors sold U.S. equity funds of $4.5 billion, marking the first weekly outflow in five weeks.
DALLAS, Jan. 21, 2022 NexPoint Real Estate Finance, Inc. (NREF) announced today that it has launched an offering of its?5.75% Senior Notes due 2026. The Company intends to contribute the net proceeds from this offering to its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P., in exchange for OP units. Raymond James is acting as sole book-running manager for the offering.
- The world's biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top policymakers said on Friday.
The world's biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top policymakers said on Friday.
IMF Managing Director Kristalina Georgieva said on Friday it is not just central bankers who need to fight inflation, but other policymakers have a key role to play, including through boosting vaccinations to end the COVID-19 pandemic.
- Investors stepped up selling in global bond funds in the seven days to Jan. 19 as hawkish remarks from U.S. Fed officials amid rising inflationary pressure solidified expectations that the central bank will tighten monetary policy as early as March. Investors offloaded global bond funds of $4.12 billion, that topped previous weeks outflows by about 69%, Refinitiv Lipper data showed.
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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