KBRA assigns a rating of BBB to the senior unsecured notes issued by BGC Group, Inc. (BGC), a diversified holding company and market leader specializing in global wholesale brokerage, complemented with a growing financial technology platform that offers an array of products and services to various types of clients, including governments, corporations, and financial institutions, including banks, brok...
U.S. Treasury yields on
Friday ended the third quarter lower, with yields on benchmark
10-year falling from 16-year highs touched during the previous
session after key inflation data for August ...
S&P: * S&P SAYS TURKIYE OUTLOOK REVISED TO STABLE FROM NEGATIVE ON POLICY SHIFT; 'B' RATINGS AFFIRMED. * S&P SAYS TURKIYE'S NEW ECONOMIC TEAM FACES AN OVERHEATED ECONOMY, LARGE TWIN DEFICITS, ELEVATED INFLATION, AND RAPID MONEY GROWTH. * S&P ON TURKIYE SAYS SHIFT TOWARDS ORTHODOX MONETARY POLICY MAY REBALANCE ECONOMY AWAY FROM HIGH RELIANCE ON EXTERNALLY FINANCED CONSUMPTION BY 2025/2026.
The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NMI) has approved certain investment policy changes for the fund. The policy changes grant the fund more flexibility to invest in lower rated municipal securities.
FITCH: * FITCH: REVISES PANAMA'S OUTLOOK TO NEGATIVE, AFFIRMS IDR AT 'BBB-' * FITCH UPGRADED PANAMA'S COUNTRY CEILING TO 'AA-' FROM 'A-' * FITCH SAYS PANAMA'S NEGATIVE OUTLOOK REFLECTS PERSISTENT FISCAL PRESSURES AND UNCERTAIN PROSPECTS FOR CONSOLIDATION. * FITCH SAYS IT DOES NOT EXPECT PENSION REFORM WITHIN CURRENT ADMINISTRATION TERM ENDING JULY 2024 IN PANAMA.
- The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation.
AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb+? from ?a? of Dover Bay Specialty Insurance Company. The Credit Ratings of Dover Bay reflect its balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate ERM.
Big positions in a handful of stocks helped a select number of U.S. value and small-cap funds rocket higher in the third quarter while rising Treasury yields dented the broad stock market.
September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.
Ecuador's economy expanded by 3.3% in the second quarter of this year compared to the same three-month period last year, the central bank said on Friday, adding that 15 of 18 industrial sectors in the South American country reported growth. The bank said in a statement that the quarterly expansion was largely due to increased government and consumer spending.
The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.
Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two years, welcome news for the Federal Reserve as it ponders the monetary policy outlook.
The Securities and Exchange Commission, Municipal Securities Rulemaking Board, and Financial Industry Regulatory Authority today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals.
Federal Reserve Bank of New York President John Williams said Friday the central bank may be done with rate rises as inflation pressures, while still elevated, are moving back toward the official 2% target. "My current assessment is that we are at, or near, the peak level of the target range for the federal funds rate," Williams said in a speech text.
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.
Log In Required
Line of Credit Log In Required
Publication Date