Gold prices edged lower on Tuesday, having touched a nearly three-week high earlier in the session, as a firmer dollar dimmed the appeal of greenback-priced bullion and countered support from lower U.S. Treasury yields. FUNDAMENTALS. * Spot gold was down 0.2% at $1,696.04 per ounce, as of 0135 GMT, having touched its highest since Sept. 14 at $1,702.39 earlier in the day.
Realty Income Corp: * REALTY INCOME PRICES $750 MILLION OFFERING OF SENIOR UNSECURED NOTES. * ANNOUNCED PRICING OF A PUBLIC OFFERING OF $750 MILLION OF 5.625% SENIOR UNSECURED NOTES DUE OCTOBER 13, 2032.
SAN DIEGO, Oct. 3, 2022 Realty Income Corporation (O), The Monthly Dividend Company?, today announced the pricing of a public offering of $750 million of 5.625% senior unsecured notes due October 13, 2032.
Japan's monetary base, or the amount of cash circulating in the economy, fell 3.3% in September from a year earlier, data showed on Tuesday, marking the first year-on-year decline since April 2012.
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, marking the biggest gain since 2014 in a sign of broadening cost pressures. The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, matched a median market forecast and followed a 2.6% gain in August.
* U.S. stocks close up over 2% after September selloff. * Oil surges over 4% on reduced supply outlook. * Treasury yields slip. By Pete Schroeder. U.S. stocks rose sharply on the first day of trading of the fourth quarter as volatile swings continued to dominate markets, while the prospect of reduced supply pushed oil up nearly $4 a barrel.
The cost of raising short-term U.S. dollar funds in Japanese and European currency swap markets surged to more than two-year highs on Monday, suggesting increased demand for the greenback as funding pressure grew due to volatile financial markets characterized by global central bank tightening.
Munis open October firmer, underperforming a UST rally, but September closed out the month with 3.84% losses ? the single largest monthly loss since September 2008.
The soundest gauges of the bond market's long-term inflation view plunged last week to their lowest in almost two years, suggesting investors think the Fed will get inflation back near its target level as it hikes rates and slows the economy.
The United Nations Conference on Trade and Development?is calling on central banks in major economies to reverse?course on raising interest rates, stating that it is leading the world into a global recession and prolonged stagnation. UNCTAD projects that world economic growth will slow to 2.5% in 2022 and drop to 2.2% in 2023,?according to its 2022 global economic outlook report.
The yield on the benchmark U.S. 10-year Treasury note fell on Monday, after British Prime Minister Liz Truss was forced to abandon a tax cut plan while U.S. economic data showed a slowdown in manufacturing.
AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb+? from ?a? of EMC Reinsurance Company. The ratings reflect EMC Re?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, very limited business profile and appropriate enterprise risk management.
Global recession can be avoided if governments' fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund's managing director said on Monday.
Brazil posted a lower-than-expected trade balance surplus in September, prompting forecast cuts for annual performance on the back of slower exports, official data showed on Monday. The trade balance surplus reached $4 billion in September, below the median forecast of a $4.75 billion surplus in a Reuters poll. Imports grew by 24.9% from the same month in 2021, totaling $25 billion.
Federal Reserve Bank of New York President John Williams said on Monday that while there have been nascent signs of cooling inflation, underlying price pressures remain too high, which means the U.S. central bank must press forward to get inflation under control.
Amazon.com, Inc. shares are trading higher by 2.98% to $116.37 during Monday's trading session. A drop in treasury yields has also helped lift the broader market in today's session. Equities fell in September due to concerns over inflation, contractionary Federal Reserve policy and a potential recession.
Apple Inc shares are trading higher Monday alongside several technology names as the broader market rebounds following recent weakness. What Happened: Markets tumbled last week after?U.S. initial jobless claims?unexpectedly fell?to the lowest levels since April.
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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