Ciraolo, who spent more than 17 years at Goldman Sachs (GS), has been brought on as a senior vice president in corporate and municipal short-term securities to help expand SWS' taxable muni franchise through commercial paper trading.
The brief rally in the cryptocurrency markets following Friday's U.S. jobs report quickly reversed in volatile trading, sending bitcoin {{BTC}}, the largest cryptocurrency, to its lowest in a month. Bitcoin {{BTC}} jumped to $57,000 following the report, only to erase the gain and tumble below $54,000 to the lowest since Aug. 5. It is down nearly 3% over the past 24 hours.
Friday?s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say.
Friday?s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say.
Nobel Prize-winning economist, Joseph Stiglitz, has called on the Federal Reserve to implement a major interest rate cut. What Happened: Stiglitz is advocating for a half-point interest rate cut at the Fed?s next meeting.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 29, 2024 and related Notice of Guaranteed Delivery dated August 29, 2024.
U.S. job growth was slightly less than expectations in August, but probably not weak enough to prompt the Federal Reserve to begin its rate-cutting cycle later this month with a 50 basis point move. According to Friday morning's Nonfarm Payrolls report from the government, the U.S. added 142,000 jobs in August versus economist forecasts for 160,000 and July's 89,000.
Signs of a cooling U.S. labor market eased in the government's Friday August jobs report, tempering recession fears that had intensified in July and earlier this week. In August, the U.S. economy added 142,000 nonfarm payrolls, signaling a sharp improvement from July?s downwardly revised 89,000.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.
Varonis Systems, Inc. (VRNS), announced today that it priced a private offering of $400 million aggregate principal amount of 1.00% Convertible Senior Notes due 2029. The Notes will be unsecured senior obligations of the Company.
Golar LNG Limited (GLNG) has today successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. DNB Markets and Pareto Securities acted as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners in the bond issue. About Golar Golar LNG is a NASDAQ listed maritime LNG infrastructure company.
Municipal bond mutual funds saw inflows as investors added $956 million to funds after $1.047 billion of inflows the week prior, according to LSEG Lipper.
Freddie Mac today released the results of its Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.35 percent. ?Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,? said Sam Khater, Freddie Mac?s Chief Economist.
The August payroll report from ADP Thursday is tipping odds toward a 0.5% rate cut by the Federal Reserve two weeks from now, according to economists. The report said 99,000 jobs were added in August ? down from 140,000 expected ? and reflects the fifth straight month of slowing private payroll growth.
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 ? a new factor that, at least temporarily, overwhelms traditional narratives, including the ?store of value? concept.
The U.S. services sector posted a stronger-than-expected expansion last month, easing concerns about a potential economic slowdown affecting the country?s largest economic sector. The Services Purchasing Managers? Index barometer rose from 51.4% to 51.5%, outpacing expectations of 51.1%, according to data released Thursday by the Institute for Supply Management.
Lower-than-expected private employment growth in August triggered positive reactions Thursday in interest rate-sensitive assets like gold and the Japanese yen, while pushing Treasury yields lower as traders bolster their bets on a 50-basis-point rate cut by the Federal Reserve this month.
Few in the municipal bond industry have had as far reaching an impact on the institutions, best practices and local developments the way Kenneth Lind, the longtime point man for the Metropolitan Transit Authority, has both as in house and outside counsel.
Varonis Systems, Inc. (VRNS) announced today its intention to offer $350.0 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, subject to market conditions and other factors.
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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