Bond investors are keeping a defensive but neutral stance in managing portfolios ahead of this week's Federal Reserve policy meeting, which is being eclipsed by the too-close-to-call U.S. presidential election.
By Gertrude Chavez-Dreyfuss. Bond investors are keeping a defensive but neutral stance in managing portfolios ahead of this week's Federal Reserve policy meeting, which is being eclipsed by the too-close-to-call U.S. presidential election.
Britain's services sector lost momentum in the run-up to the new government's first budget in October, with business activity growing at the weakest rate in 11 months and the first fall in employment since December, a survey showed on Tuesday. The S&P Global UK Services Purchasing Managers Index stood at 52.0 last month from September's 52.4 - the slowest pace of increase since November 2023.
Japanese government bond yield edged down on Tuesday, tracking U.S. Treasury yields lower in the previous session, as market participants awaited the results of the U.S. presidential election.
* * Renewed yen falls could prod BOJ to hike as soon as December. * BOJ may hold till January given political, market uncertainty. * Huge debt issuance may keep BOJ from accelerating QT. By Leika Kihara and Takahiko Wada.
* RBA keeps policy rate at 12-year high of 4.35% * Underlying inflation remains too high, central bank says. * Reiterates it is not ruling anything in or out on policy. By Stella Qiu and Wayne Cole.
Australia's central bank held interest rates steady on Tuesday, as expected, and cautioned policy would need to stay restrictive for some time yet, strongly suggesting borrowers could expect no Christmas cheer this year.
Australia's central bank said on Tuesday underlying inflation was expected to slow gradually as it revised up its outlook for employment gains, while trimming forecasts for economic growth as consumers remained reluctant to spend.
New Zealand's central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships. The Reserve Bank of New Zealand's semi-annual Financial Stability Report said weakness in domestic economic activity had become more pronounced and a combination of subdued global growth and high interest rates had reduced demand.
World stocks rose and Treasury yields retreated from early highs on Tuesday as markets awaited early indications of the outcome of a knife-edge U.S. presidential election, with only currency markets showing some jitters.
China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday. The Caixin/S&P Global services purchasing managers' index grew to 52.0 in October from 50.3 the previous month.
China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday. The Caixin/S&P Global services purchasing managers' index grew to 52.0 in October from 50.3 the previous month.
The following are the top stories in the Financial Times. Headlines. - Anglo American to offload Australian coal mining stake for $1.1 bln. - Bank of England expected to cut interest rates despite looser fiscal policy. - UK MPs plan to grill Shein boss over labour practices. - UK government aims to ban smoking outside schools and hospitals. Overview.
South Korea's October headline inflation slowed further to the weakest level in almost four years, data showed on Tuesday, strengthening the case for more interest rate cuts and fueling worries of an undershoot of the Bank of Korea's 2% target.
South Korea's consumer inflation in October hit the weakest level since January 2021, official data showed on Tuesday. The consumer price index rose 1.3% in October from a year earlier, after a rise of 1.6% in September, according to Statistics Korea. It was weaker than a median 1.4% increase tipped in a Reuters poll of economists and marked the weakest annual increase since January 2021.
* Wall Street notches slim gains ahead of Tuesday's US election. * European shares flat. * Treasury yields fall as investors temper Trump victory trade. * Dollar falls as Kamala Harris takes lead in Iowa poll. * Markets also eye Fed rate review, China NPC meet. * Oil rises on OPEC+ output hike delay. By Koh Gui Qing and Tom Wilson.
- A look at the day ahead in Asian markets. As investors make last-minute position adjustments ahead of the U.S. presidential election, a flood of top-tier economic indicators and a major policy decision could kick trading activity in Asian markets up a couple of gears on Tuesday.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
A look at the day ahead in Asian markets. As investors make last-minute position adjustments ahead of the U.S. presidential election, a flood of top-tier economic indicators and a major policy decision could kick trading activity in Asian markets up a couple of gears on Tuesday.
Applied Digital Corporation (APLD), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing applications, today completed its previously announced offering of 2.75% Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933,...
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES THE RESULTS OF ITS THIRTY-THIRD REPERFORMING LOAN SALE TRANSACTION Source text: Further company coverage:
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on December 2, 2024 to shareholders of record at the close of business on November 20, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Diana Shipping Inc. (DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has today successfully completed a US$25 million tap issue under its outstanding senior unsecured bond issue due July 2, 2029 with ISIN NO0013265835.
Investors should "brace themselves" for further volatility, as uncertainty is likely to remain, said?Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
Brazil's real was the top gainer among
Latin American currencies on Monday, with investors gearing up
for a busy week including economic data, monetary policy
decisions by central banks in the ...
* Iowa poll shows Harris ahead of Trump, weighs on yields. * US 10-year yields on track for largest fall since early Sept. 4. * US two-year yields show biggest decline in three weeks. * US 2/10 yield curve bull flattens. * US Treasury three-year notes auction show weak results. By Gertrude Chavez-Dreyfuss.
* Wall St notches slim gains ahead of Tuesday's US election. * European shares flat. * Treasury yields fall as investors temper Trump victory trade. * Dollar falls as Kamala Harris takes lead in Iowa poll. * Markets also eye Fed rate review, China NPC meet. * Oil rises on OPEC+ output hike delay. By Koh Gui Qing and Tom Wilson.
The dollar fell while stocks eked out slim gains on Monday as investors treaded carefully before the U.S. presidential election which will impact the world economy, with a U.S. Federal Reserve interest rate cut also expected later in the week.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
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