The Funding Will Create or Rehabilitate 3,571 Housing Units. The Federal Home Loan Bank of Dallas is pleased to announce that it has awarded $78.9 million in Affordable Housing Program grants to 41 projects in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
Synovus Financial Corp. (SNV) today announced the pricing of its previously-announced underwritten public offering of $500 million of fixed rate / floating rate senior notes due 2030.
Consumer confidence in the U.S. economy soared in October, marking the strongest month-over-month increase since March 2021, according to the Conference Board?s latest report. The Consumer Confidence Index jumped to 108.7, up significantly from 99.2 in September and well above economist expectations of 99.5, as tracked by TradingEconomics.
California sold tax-exempt and taxable GOs, the University of Miami priced a refunding deal while the Harris County-Houston Sports Authority came with a refunding and tender offer.
The Bank of Canada is starting to see the impact of its four rate cuts so far this year and expects to gather more evidence in the months ahead, Governor Tiff Macklem said on Tuesday. The central bank last week cut its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country had returned to an era of low inflation.
Visa reported a rise in fourth-quarter profit on Tuesday, thanks to higher spending on its cards. Net income rose to $5.32 billion, or $2.65 per share, in the three months ended Sept. 30 from $4.68 billion, or $2.27 per share, a year earlier.
WASHINGTON, Oct. 29, 2024 Fannie Mae's?September 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
Freddie Mac announced today that it plans to report its Third Quarter 2024 financial results before the U.S. financial markets open on Wednesday, October 30, 2024. The company will hold a call at 9 a.m. Eastern Time on Wednesday, October 30, 2024, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.
* Yields fall from 4-month high after strong 7-year auction. * Traders wary of bonds before next week's U.S. elections. * Job openings fell in latest month. By Gertrude Chavez-Dreyfuss and Karen Brettell.
The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy evolves broadly in line with forecasts, Governor Tiff Macklem said on Tuesday. Macklem made the comments in opening remarks to the House of Commons finance committee.
* Alphabet, Meta, Microsoft (MSFT), Apple (AAPL) among results due this week. * U.S. monthly payrolls due Friday. * U.S. election in final stretch with polls too close to call. By Caroline Valetkevitch.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The dividends will be paid in cash on October?30, 2024.
Ratings agency Moody's said on Tuesday that Boeing's (BA) stock offering is "credit positive" as it materially improves the planemaker's liquidity, but a review for a ratings downgrade is still ongoing. "The equity raise is likely to take off the table the prospect of refinancing debt coming due through 4 February 2026," Moody's added.
The Federal Home Loan Bank of Dallas today reported net income of $184.4 million for the quarter ended September 30, 2024. Total assets at September 30, 2024 were $124.9 billion, compared with $126.2 billion at June 30, 2024 and $128.3 billion at December 31, 2023.
U.S. job openings dropped to more than a 3-1/2-year low in September, but nearly all the decline in vacancies was in the South, suggesting that Hurricanes Helene and Milton had temporarily weighed on demand for labor.
* Alphabet, Meta, Microsoft (MSFT), Apple (AAPL) among results due this week. * U.S. monthly payrolls due Friday. * U.S. election in final stretch with polls too close to call. By Caroline Valetkevitch.
On Wednesday, the U.S. Bureau of Economic Analysis will release its advance estimate for third-quarter GDP growth. Analysts and economists are predicting a strong performance, with consensus estimates set at 3% growth quarter-over-quarter annualized, reflecting resilient consumer spending and robust activity in the services sector.
* German GDP likely to contract in 2024, stagnate in 2025 - DIHK. * U.S. bond yields rise above 4.30% to mid-July highs. * US interest rate options price in Republican sweep. * U.S. job openings report due at 1400 GMT. By Medha Singh.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Jet Insurance Company. The ratings reflect Jet?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a Reuters poll, with more than a 90% majority predicting another quarter-percentage-point move in December.
- Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S. Labor Department report showed job openings dropped last month to their lowest since January 2021.
Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S. Labor Department report showed job openings dropped last month to their lowest since January 2021.
Greystone, a leading national commercial real estate finance company, has provided a total of $103,740,000 in Freddie Mac Optigo? loans to refinance two separate multifamily communities in Tamarac, FL and Birmingham, AL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.
A new poll shows bankers support shortening Fed terms, but overwhelmingly reject more intrusive steps ARLINGTON, Va., Oct. 29, 2024 /PRNewswire/ -- Although some bankers support limited measures to change the structure of the Federal Reserve, they predominately reject calls to require the central bank to consult with the president on monetary policy, according to a survey released today by?fint...
U.S. consumer confidence increased to a nine-month high in October amid improved perceptions of the labor market. The Conference Board said on Tuesday its consumer confidence index rose to 108.7 this month from a upwardly revised 99.2 in September.
U.S. consumer confidence increased to a nine-month high in October amid improved perceptions of the labor market. The Conference Board said on Tuesday its consumer confidence index rose to 108.7 this month from a upwardly revised 99.2 in September.
Traders of futures contracts that settle to the Federal Reserve's policy rate added to bets on further reductions to U.S. short-term borrowing costs on Tuesday, after a government report showed a drop in job openings last month, in a potential sign of further cooling in the labor market.
Confidence Rebounded in October as Consumers Regained Faith in the US Economy NEW YORK, Oct. 29, 2024 The Conference Board Consumer Confidence Index? increased in October to 108.7, up from 99.2 in September.
* * Hires rise by 123,000; layoffs increase by 165,000. * Consumer confidence rises to nine-month high in October. * Goods trade deficit up 14.9% to $108.2 billion last month. By Lucia Mutikani.
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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