The Consumer Price Index saw a cooler-than-anticipated annual headline print in July, continuing the disinflationary trend and supporting market hopes for large interest rate cuts by the Federal Reserve.
Inflation in July for the U.S. came in mostly as forecast as the stage continues to be set for the Federal Reserve to begin cutting rates at its upcoming mid-September meeting. The Consumer Price Index rose 0.2% in July, according to a U.S. government report Wednesday morning. The core CPI ? which strips out food and energy costs ? was higher by 0.2% in July versus 0.2% expected and 0.1% in June.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for July 2024. North American corporate requests totaled 6,391 in July, which is down 2.6% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? fell 18.1% versus June totals.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the ?Extreme Fear? zone on Tuesday. U.S. stocks settled higher on Tuesday, with the Dow Jones index jumping more than 400 points during the session.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $70 million of senior unsecured notes and $30 million of mandatory redeemable preferred shares. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
Kite Realty Group Trust (KRG) announced today that, on August 13, 2024, its operating partnership, Kite Realty Group (KRG), L.P., priced an offering of $350 million aggregate principal amount of 4.950% Senior Notes due 2031 in an underwritten public offering. The Operating Partnership intends to use the net proceeds from this offering to repay outstanding indebtedness and for general corporate purposes.
"There's an important 'date certain' the market may overreact to, but by and large, [this] week is looking positive given a lighter new- issue calendar," said AllianceBernstein (AB) strategists.
ANI Pharmaceuticals, Inc. (ANIP) today announced the closing of its offering of $316,250,000 aggregate principal amount of 2.25% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Chewy Inc. (CHWY) is enjoying upward momentum as part of a broader rally across the retail, e-commerce and consumer discretionary sectors. This rally was spurred by the release of softer-than-expected July Producer Price Index figures. What To Know: The latest PPI report indicated a slower rise in producer prices than anticipated.
Dallas Fort Worth International Airport received a S&P rating upgrade and a positive rating outlook from Moody's ahead of a $750 million bond sale next week.
Detroit-based Wayne State University will return to market with $31.7 million of general revenue refunding bonds, with proceeds refunding outstanding bonds.
DoorDash Inc. (DASH) shares experienced notable gains on Tuesday, driven by a combination of favorable economic data and a strategic partnership announcement. The key catalyst behind DoorDash's (DASH) stock surge is the recent PPI report, which indicated a slower rise in producer prices than economists had anticipated.
Snowflake Inc. (SNOW) shares are on the rise Tuesday. Why is the Stock Moving?The key catalyst behind the market?s positive sentiment is the recent PPI report, which showed a slower-than-expected rise in producer prices.
Amazon.com Inc (AMZN) shares are trading higher following a lower-than-expected July Producer Price Index report. What Happened: The July PPI, a key measure of inflation at the wholesale level, rose by just 0.1% month-over-month ? a deceleration from June's 0.2% and falling short of the anticipated 0.2% increase.
Carvana Co (CVNA) shares are trading higher by 7.72% to $143.78 during Tuesday?s session, riding a wave of broader market enthusiasm sparked by a softer-than-expected Producer Price Index report.
When the Federal Reserve starts cutting interest rates, bonds lose some of their luster, making dividend payers more attractive. But, as Ned Davis Research points out to CNBC, not all dividend stocks are created equal.
A new classification scheme would allow market participants, both on the buy and sell sides, to correctly identify the source and nature of credit risk in their holdings and to aggregate such risk into meaningful sectors that share common risk drivers.
A lower-than-expected producer inflation report sparked bullish sentiment in Tuesday?s premarket trading, as traders increased their bets on a larger Federal Reserve interest rate cut next month.
After an unexpected uptick in June, July?s Producer Price Index posted a welcome decline Tuesday, reinforcing the broader disinflationary momentum in the U.S. economy and adding weight to the case for imminent rate cuts.
Municipal bond market participants say a proposed constitutional amendment targeting property tax revenue would increase borrowing costs and lead to litigation.
Kimco Realty?, a real estate investment trust and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-used properties in the United States, today announced the publication of its fourth Green Bond Report, outlining the use of the net proceeds and the associated estimated environmental impact of the company?s inaugural green bond, issued in July of 2...
Proceeds to be used primarily to acquire bitcoin and for general corporate purposes Marathon Digital Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $250 million aggregate principal amount of 2.125% convertible senior notes due 2031.
Archrock, Inc. (AROC) today announced the pricing of an upsized private offering by Archrock Partners, L.P., a wholly-owned subsidiary of Archrock (AROC), of $700 million aggregate principal amount of 6.625% senior notes due 2032.
Regency Centers Corporation (REG) announced today that its operating partnership, Regency Centers (REG), L.P., has priced a $325 million public offering of senior unsecured notes due 2035 under its existing shelf registration filed with the U.S. Securities and Exchange Commission.
Archrock, Inc. (AROC) announced today that its subsidiaries, Archrock Partners, L.P. and Archrock Partners Finance Corp., have commenced an offer to purchase for cash up to $200,000,000 of the outstanding aggregate principal amount of the Offerors? 6.875% Senior Unsecured Notes due 2027, upon terms and subject to the conditions set forth in the Offer to Purchase, dated August 12, 2024.
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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