ARC Capital Venture LLC has highlighted a renewed wave of investor optimism in the U.S. fixed income market, driven by positive economic indicators and a growing belief in the Federal Reserve?s ability to guide the economy toward a "soft landing."
Federal Home Loan Bank of Atlanta today announced the results of the 2024 director election. Suzanne DeFerie was elected to fill the member directorship representing the state of North Carolina and Scott Harvard was elected to fill the member directorship designated for the state of Virginia.
The Federal Home Loan Bank System today hailed a report published by the Federal Housing Finance Agency, regulator of the FHLBank System, indicating that the FHLBanks contributed a total of more than $581 million in Affordable Housing Program and community development grants in 2023.
Millicom announces intent to redeem in full its 6.625% Senior Notes due 2026 Luxembourg, October 18, 2024 ? Millicom International Cellular S.A. (TIGO) today announces its intent to redeem on October 28, 2024, $147,855,600 aggregate principal amount of its 6.625% Senior Unsecured Notes due 2026, which represents all of the outstanding Notes as of the date hereof.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.44 percent. ?The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%,? said Sam Khater, Freddie Mac?s Chief Economist.
Navigator Holdings Ltd. (NVGS), the owner and operator of the world?s largest fleet of handysize liquefied gas carriers, announces that today, it has successfully placed USD 100 million of new senior unsecured bonds in the Nordic bond market.
The Federal Home Loan Bank of Indianapolis announced today that pre-development affordable housing grants are now available to the 12 federally recognized tribal nations located in Michigan through the Tribal Nations Housing Development Assistance Program.
Freddie Mac today announced it sold via auction 57 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio to Residential Credit Opportunities X, LLC.
MRC Global Inc. (MRC), today announced that Moody?s Ratings upgraded the company?s corporate family rating to ?B1? from ?B2? with a stable outlook. Moody?s based its ratings upgrade, in part, on the company's moderate leverage and ample interest coverage, modest capital spending requirements and solid operating performance.
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 October 7, 2024 and related Notice of Guaranteed Delivery dated October 7, 2024.
Ed Sullivan, the Chief Economist and Sr. Vice President of Market Intelligence for the Portland Cement Association ? which represents America?s cement manufacturers ? says the Federal Reserve?s recent move to lower interest rates coupled with easing inflation signals a significant retreat in interest rate levels by the end of next year ? all to the benefit of construction activity.
Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,? said Sam Khater, Freddie Mac?s Chief Economist.
Federal Home Loan Bank of Atlanta is supporting recovery and relief efforts for those affected by Hurricane Helene, donating $250,000 to the American Red Cross and making up to $2 million available through its Community Rebuild and Restore Product to assist with the rehabilitation of homes damaged by the storm.
Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the World Economic Forum has recognized two of its factories as new Lighthouses.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Monday, October 7, 2024. Freddie Mac has engaged Wells Fargo Securities, LLC and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
Despite the recent interest rate cut by the Federal Reserve, consumers should not expect any significant impact on their credit card debt. ?Typically, consumers feel the impact of Fed rate changes when they take out new debt," said Kate Bulger, Vice President of Business Development at MMI.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.12 percent. ?The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market?s enthusiasm on rate cuts was premature,? said Sam Khater, Freddie Mac?s Chief Economist.
TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, partnered with Federal Home Loan Bank of Des Moines, a member-owned cooperative that provides funding solutions, to help make homebuying and refinancing more affordable for members by offering a new Mortgage Rate Relief Program.
Greystone, a leading national commercial real estate finance company, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment building featuring studio, one-, two-, three- and four-bedroom units.
IC Manage, Inc. today announced major advances to its GDP-XL design and IP management platform. 10x to 100x faster database GDP-XL?s modern C++ database architecture now delivers a 10-100X speedup compared to design and IP management systems with database architectures based on interpreted languages such as Java.
Freddie Mac today announced it sold via auction 982 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio. The loans in the SPO? offering were offered as one pool of mortgage loans.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those impacted by Hurricane Helene. ?For those impacted by Hurricane Helene throughout the Southeast, Freddie Mac and our partners stand ready to provide immediate assistance,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
Amsterdam, 27 September 2024?? VEON Ltd. (VEON), a global digital operator that provides converged connectivity and online services, announces that the VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices at the end of September 2024.
Stella-Jones Inc. (STLJF) announced today that it has priced an inaugural offering of Canadian dollar denominated senior unsecured notes. Stella-Jones (STLJF) will issue C$400 million aggregate principal amount of senior unsecured notes due October 1st, 2031, bearing interest at the rate of 4.312% per annum, payable semi-annually until maturity.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.08 percent. ?Although this week?s decline was slight, the 30-year fixed-rate mortgage trended down to its lowest level in two years,? said Sam Khater, Freddie Mac?s Chief Economist.
Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York Small Business Recovery Grant Program. These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment.
Bunker Hill Mining Corp. (BHLL) announces that it has closed the second tranche of the previously announced silver loan with Monetary Metals Bond III LLC, an entity established by Monetary Metals & Co., in the principal amount of US$6,369,000, being the amount of US dollars equal to, as of September 24, 2024, 200,000 ounces of silver.
Freddie Mac today posted to its website its Monthly Volume Summary for August 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in August: Additional findings include: Separately, the Equipment Leasing & Finance Foundation?s Monthly Confidence Index in September is 61.9, up from the August index of 58.4, ...
With nearly 11% of the global GDP light-enabled, Syntec Optics Chairman and CEO Al Kapoor is excited to deliver a keynote speech at the Global Photonics Forum, which will be held in Malaga, Spain, on October 1-2, 2024. At this event organized by Optica, a Society that advances optics and photonics worldwide, 300 leaders in the global Photonics ecosystem will discuss the field's impact.
Matthews International Corporation? has priced its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027.
Griffin Global Asset Management announces the successful closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million senior unsecured notes. The offering comprises $400 million of 5.875% senior unsecured notes due 2030. John Beekman, Griffin CFO, commented: ?We are delighted to announce the closing of our latest unsecured notes offering.
Premium Products International, a leading company specializing in the sourcing, logistics, pricing, and marketing of wholesale products, is excited to announce a strategic shift in its supply chain strategy.
Federal Home Loan Bank of Atlanta announced its 2024 Heirs? Property Family Wealth Protection Fund, allocating $5 million to assist organizations with the prevention and resolution of heirs? property issues.
In light of numerous food recalls and a surge in alarming headlines about toxic ingredients in our food, it is no wonder that consumer confidence in the safety of the food supply is waning.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for August 2024. North American corporate CUSIP requests totaled 7,602 in August, which is up 18.9% 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 ? rose 20.8% versus July totals.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.09 percent. ?Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers,? said Sam Khater, Freddie Mac?s Chief Economist.
In a noteworthy move to strengthen its financial resilience, the National Bank of Poland increased its gold reserves by 19 tons during the second quarter of 2024. Adam, President of the National Bank of Poland, emphasized the strategic nature of this move.
Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo? loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
Key Highlights Existing-home sales fell in August, according to the National Association of Realtors?. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. # # # For local information, please contact the local association of Realtors? for data from local multiple listing services.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed 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.
The Freddie Mac Multifamily Apartment Investment Market Index? rose nationwide by 0.3% quarter over quarter and 2.2% year over year, according to data released today.
Sonoco Products Company (SON), a global leader in high-value sustainable packaging, today announced that it has priced an offering of senior unsecured notes in a combined aggregate principal amount of $1.8 billion. Sonoco expects that the closing of the Offering will occur on September 19, 2024, subject to the satisfaction of customary closing conditions.
SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, is debuting SOLVE Px?, the firm?s proprietary, AI-driven predictive price data for the municipal bond market.
Avetta?, the leading provider of supply chain risk management software, has announced a partnership with the National Safety Council to launch the Safety Maturity Index?. The new index offers a systems-based approach to target health and safety weaknesses within the supply chain to help avoid serious injuries and fatalities.
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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