After decades of deflation, Japan's economy looks poised to finally turn a corner. Lenders in the world's third-largest economy are now giving crash courses to younger staff to help clients navigate higher interest rates as many of these employees have no expertise in dealing with the vagaries of a traditional inflation environment.
Avalonbay Communities Inc (AVB): * AVALONBAY COMMUNITIES, INC. PRICES $400 MILLION SENIOR NOTES OFFERING. * SAYS PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION OF 5.300% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
China's services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions.
AVALONBAY COMMUNITIES, INC. (AVB) announced today that it priced an underwritten public offering of $400 million of 5.300% senior unsecured notes due 2033. Details of the offering are set forth in the table below: The effective interest rate of the Notes is 5.098%, including the impact of prior interest rate hedges, but excluding offering costs.
China's services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions.
Australia's current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money abroad, leaving trade as a drag on the economy overall. Other data from the Australian Bureau of Statistics on Tuesday showed government spending was surprisingly strong in the quarter, helping offset the drag.
Japan's service activity expanded at the slowest pace in a year in November, weighed by an accelerating decline in new exports and softer demand, however, the outlook for the sector remained upbeat, a business survey showed on Tuesday. The service sector has been a bright spot for the world's third-largest economy, helping offset the drag to growth from struggling manufacturing.
The British public's expectations for inflation over the medium to long term, which are closely watched by the Bank of England, rose in October, according to a survey published on Monday. Inflation expectations in five to 10 years' time picked up to 3.5% from 3.3% in September, the survey by U.S. bank Citi and polling firm YouGov (YUGVF) showed.
Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$400,000,000 of senior notes due 2033 at an issue price of 99.252%. The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 6.000% per annum.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2024 to shareholders of record at the close of business on December 19, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
* Major US averages fall. * Dollar rises. * Gold retreats after hitting record high. * Oil settles down more than 1% By Chuck Mikolajczak. A gauge of global stocks was poised to snap a four-session winning streak on Monday while Treasury yields rose as investors awaited U.S. labor market data to indicate the likely route of the Federal Reserve's rate policy.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2024, due December 15, 2024. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2023 due December 15, 2023, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
As we approach 2024, the U.S. brokerage industry stands at a critical juncture, eagerly awaiting a shift in fortunes after years of liquidity drainage due to rising interest rates. The team at Bank of America, headed by Craig Siegenthaler, CFA, forecasts a year marked by crucial transformations, primarily influenced by the projected rate cuts from the Federal Reserve.
Crown Castle Inc. (CCI) announced today that it has priced its previously announced public offering of 5.600% Senior Notes due 2029 and?5.800% Senior Notes due 2034 in aggregate principal amounts of $750 million and $750 million, respectively.
* Alaska Air (ALK) drops on Hawaiian Holdings (HA) buyout deal. * Crypto stocks surge on bitcoin rally. By Noel Randewich and Shristi Achar A. Dec 4 - U.S. stocks ended lower on Monday, interrupting last week's rally, as investors turned cautious ahead of employment data due this week that could alter expectations that the Federal Reserve will cut interest rates early next year.
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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