Freddie Mac today announced that its Board of Directors has selected real estate and financial services industry veteran Diana Reid to serve as the company?s chief executive officer, effective immediately.
"Investment banking has a variety of?personalities working in it, depending on where you are," Rice said. "The M&A business, the trading business, private equity ? all of those things fall into investment banking ? but public finance is the one area where?you're doing things that help provide?for?the public good."?
Stagnant per-pupil state funding amid rising costs led to budget deficits, lower reserves, and ballot proposals to raise property tax rates for some districts.
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 company achieved an ?A-? credit rating with a stable outlook from Fitch Ratings, making it one of just 12 publicly-listed U.S. REITs with a credit rating of ?A-? equivalent or better.
Phillips Edison & Company, Inc. (PECO), one of the nation?s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P., has priced a public offering of $350 million aggregate principal amount of 4.950% senior unsecured notes due 2035.
The group, which has grown to more than 100 individuals since its inception in 2019, will host an event featuring Connecticut Treasurer, Erick Russell.
Exchange-traded funds investing in long-term U.S. Treasury bonds surged to their highest levels of the year as investors gear up for another benign inflation report due Wednesday. The popular iShares 20+ Year Treasury Bond ETF (TLT) ended Monday's session at $99.99 per share, its highest closing price since December 2023.
Exchange-traded funds investing in long-term U.S. Treasury bonds surged to their highest levels of the year as investors gear up for another benign inflation report due Wednesday. The popular iShares 20+ Year Treasury Bond ETF (TLT) ended Monday's session at $99.99 per share, its highest closing price since December 2023.
"Despite the underperformance of tax-exempt yields last week, we could see some more pressure on both spreads and ratios due to the heavy supply calendar," said Vikram Rai, head of municipal markets strategy at Wells Fargo.
PayPal Holdings Inc (PYPL) shares are on watch Monday afternoon, as a broad market rally lifts all major indices into positive territory. What?s Happening: Investors are keeping a close eye on the upcoming Consumer Price Index report, expected on Wednesday, which could indicate a further slowdown in inflation.
Piper Sandler (PIPR) has hired Joe Kinder and Brent Blevins as managing directors on its public finance team. Both will focus on Missouri school districts and issuers.
Greystone, a leading national commercial real estate finance company, announced it has closed a Freddie Mac loan and preferred equity component to refinance a 288-unit multifamily property located in North Carolina. Greystone provided a $50,071,000 10-year Freddie Mac Optigo? loan with an additional $6,250,000 in preferred equity funds provided by Lubert Adler.
In the context of inflation, was the Federal Reserve late to?tighten monetary policy and hike interest rates? But the Fed doesn't have just one mandate of promoting price stability. Taking employment into consideration,?it's less obvious to me?that the Fed was late to tighten monetary policy. I can't pinpoint exactly when the calls to tighten began when inflation was heating up three years ago.
By Doug Young. The?latest results?from online insurance broker?Waterdrop Inc.? contained a steady stream of updates on both the company and its industry, providing a complex mix of both positive and negative developments for investors to drink up.
The U.S. Treasury yield curve officially exited its prolonged inversion on Friday, Sept. 6. This marks the end of over two years when short-term yields were higher than those on long-term bonds ? a rare and closely watched economic phenomenon. As of Monday, the 10-year Treasury yield stood at 3.72%, with the two-year at 3.65%. That?s a spread of 7 basis points.
By RoboForex Analytical Department The USD/JPY pair halted its decline around 142.98 on Monday. Over the past week, the JPY strengthened by almost 3.0% against the US dollar. If the Bank of Japan's monetary policymakers' projections regarding macroeconomic aspects materialise, the central bank will be ready to adjust its monetary policy parameters more actively.
Phillips Edison & Company, Inc. (PECO), one of the nation?s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that Moody's Ratings upgraded its issuer credit rating for PECO and the Company?s operating partnership, Phillips Edison Grocery Center Operating Partnership I L.P., to ?Baa2? from ?Baa3?, with a stable outlook.
The past week has been a rollercoaster ride with significant developments in the financial and political landscape. Federal Reserve May Pause Rate Cuts A leading economist has suggested that the Federal Reserve might be compelled to put a hold on its rate cuts in response to potential supply-side shocks. Read the full article here.
In August, the Biden administration reported a drop in the unemployment rate to 4.2%, indicating that the labor market remains resilient despite weaker-than-expected employment growth. This has tempered expectations for a major Federal Reserve rate cut this month. However, rising public skepticism toward government data complicates the picture.
Municipal supply continues to grow as Bond Buyer 30-day visible supply sits at $20.02 billion and the municipal market will see one of the largest weeks of new-issuance at an estimated $13.35 billion, led by three billion-plus deals from Washington, D.C. ($1.6 billion), the New York City Transitional Finance Authority ($1.5 billion) and Illinois ($1 billion).
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