Illinois will sell up to $1.1 billion of general obligation refunding bonds and $600 million of taxable and tax-exempt GO bonds by the end of September.
Bitcoin could potentially slip to a bottom of $40,000 if the Federal Reserve lowers interest rates in the upcoming FOMC meeting as anticipated. What happened: In a forecast going against the broader market's expectations, analysts at cryptocurrency exchange Bitfinex said in a note to Benzinga that the leading cryptocurrency might fall by 15-20% from its price at the time of the probable rate cut.
JPMorgan has issued a cautionary note suggesting that these cuts may not significantly benefit the stock market, ahead of the anticipated Federal Reserve rate cuts. What Happened: JPMorgan has cautioned that anticipated Federal Reserve rate cuts may not significantly propel stock markets.
The August reading of the Institute for Supply Management?s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), announced today that it has priced $315.0 million aggregate principal amount of its 6.250% senior notes due 2030, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Summer redemption season has ended, and "without the huge amounts of maturing and called bond principal flowing back to investors, demand in the last months of the year will be more reliant on new money coming into the market than it was in June, July and August," said Pat Luby, head of municipal strategy at CreditSights.
California and Texas have received the most amount of federal investment to date, according to a pair of reports tracking the climate law's investments.
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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