U.S. Treasury yields gained on Thursday as traders awaited fresh data that will offer further clues on Federal Reserve policy, after the U.S. government bonds earlier drew a safe-haven bid on news of a Russian missile attack on Ukraine.
"Volatility creates all kinds of opportunities in the municipal space, not just for tax-loss harvesting, but for positioning and parts of the yield curve that might be undervalued or certain sectors or states that are poised to perform well going into yearend," said Tim McGregor, a managing partner at Riverbend Capital Advisors.
* Canadian dollar gains 0.1% against the greenback. * Touches its strongest level since Nov. 12. * Government unveils C$6.3 billion in new spending. * 10-year yield touches four-month high at 3.466% By Fergal Smith.
- Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central bank's debate that it's not about whether, but over how fast and how far, borrowing costs should be lowered.
U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term. The average rate on the popular 30-year fixed-rate mortgage increased to 6.84%, the highest level since July, from 6.785% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term. The average rate on the popular 30-year fixed-rate mortgage increased to 6.84%, the highest level since July, from 6.785% last week, mortgage finance agency Freddie Mac said on Thursday.
New data from the New York Federal Reserve suggests the U.S. central bank isn't facing any roadblocks to continuing forward with its ongoing effort to shrink the size of its balance sheet. The regional Fed bank reported on Thursday that its Reserve Demand Elasticity Measure 50th percentile reading stood at -0.15 on Nov. 13, holding steady relative to where it was a month ago.
New data from the New York Federal Reserve suggests the U.S. central bank isn't facing any roadblocks to continuing forward with its ongoing effort to shrink the size of its balance sheet. The regional Fed bank reported on Thursday that its Reserve Demand Elasticity Measure 50th percentile reading stood at -0.15 on Nov. 13, holding steady relative to where it was a month ago.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.84 percent. ?Mortgage rates ticked back up this week, continuing to approach 7 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
Median household income grew less than half per capita GDP rate, study finds WASHINGTON, Nov. 21, 2024 While U.S. Gross Domestic Product growth has been robust in recent years, the average American has experienced a far more modest increase in income?less than half that of per capita GDP?an indication GDP may not be the best indicator of the nation's economic health, according to a new report b...
* US initial jobless claims rise less than expected. * Bitcoin continues climb toward $100,000. * Yen strengthens on Ukraine conflict, Ueda comments. By Chuck Mikolajczak.
BEIJING, Nov. 21, 2024 Chinese President Xi Jinping's visit to Latin America not only marks a new chapter in China's relations with the continent but also underscores China's commitment to advancing cooperation with and amplifying the voice of Global South nations, experts said.?Xi left Brasilia on Thursday after attending the 19th G20 Leaders' Summit and paying a state visit to Brazil.
Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for the global economy.
-Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. World economies and equity markets have had a robust year, with global growth expected to average 3.1% this year, a Reuters poll published in October showed.
Freddie Mac Multifamily today announced a new CUSIP registration capability to better align its ML-Deal offerings for both commercial mortgage-backed securities and municipal bond investors, increasing liquidity across both markets and advancing Freddie Mac?s mission.
U.S. Treasury yields slipped on Thursday, drawing safe-haven bids on news of a Russian missile attack on Ukraine and after a mixed set of economic data showing the world's largest economy is gradually slowing.
Data detailing liquidity conditions in short-term markets showed few signs of pressure as of the middle of November, the Federal Reserve Bank of New York said Thursday. The bank said it Reserve Demand Elasticity Measure stood at -0.15 on Nov. 13, holding steady relative to readings a month ago.
U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4% last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said on Thursday.
U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in mortgage rates. Home sales jumped 3.4% last month to a seasonally adjusted annual rate of 3.96 million units, the National Association of Realtors said on Thursday.
NEW YORK, Nov. 21, 2024 The Conference Board Leading Economic Index???for the?US declined by 0.4% in October 2024 to 99.5, following a 0.3% decline in September.
Key Highlights Existing-home sales rose in October, according to the National Association of Realtors?. Sales improved in all four major U.S. regions. # # # For local information, please contact the local association of Realtors? for data from local multiple listing services.
* Weekly jobless claims drop 6,000 to 213,000. * Continuing claims increase 36,000 to 1.908 million. * Existing home sales rebound 3.4% in October. * Median home price rises 4.0% to $407,200 from year ago. By Lucia Mutikani.
Wall Street's main stock indexes opened higher on Thursday after data reflected a robust labor market, and AI-heavyweight Nvidia advanced after reporting upbeat quarterly results and forecast.
Alcoa Corporation (AA) today announced that it has joined the World Economic Forum?s First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050.
* Snowflake jumps after raising annual product revenue forecast. * Deere shares up after Q4 profit beats estimates. * Crypto stocks gain as bitcoin prices near $100,000. * Weekly jobless claims stand at 213,000. * Futures: Dow up 0.45%, S&P 500 up 0.47%, Nasdaq up 0.49% By Johann M Cherian and Purvi Agarwal.
VALLEY FORGE, Pa., Nov. 21, 2024 Vanguard today launched Vanguard Core Tax-Exempt Bond ETF and Vanguard Short Duration Tax-Exempt Bond ETF, two active municipal ETFs managed by Vanguard Fixed Income Group.
The Central and Eastern Europe Fund, Inc. (CEE). As previously reported, certain of the Fund?s Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia?s invasion of Ukraine.
The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. It is, however, taking longer for laid-off workers to find new jobs, posing an upside risk to the unemployment rate.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the Labor Department said on Thursday.
Economy Remains on Strong Footing, though Core Inflation Remains Sticky WASHINGTON, Nov. 21, 2024 Existing home sales are now expected to rise only 4 percent next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
* Repo rate lowered to 7.75% as expected. * Kganyago stresses global and domestic risks. * Further cuts seen in 2025 but in small steps. By Tannur Anders, Kopano Gumbi and Alexander Winning.
Brazilian banks' profitability improved in the first half of this year, led by digital banks, and net interest income and service revenues should continue to rise in the second half, the central bank said on Thursday.
Gildan Activewear Inc (GIL): * GILDAN ANNOUNCES PRIVATE OFFERING OF C$700 MILLION SENIOR UNSECURED NOTES. * Gildan Activewear Inc (GIL): INTENDS TO USE NET PROCEEDS OF OFFERING FOR REPAYMENT OF INDEBTEDNESS OUTSTANDING UNDER ITS CREDIT FACILITIES. * Gildan Activewear Inc (GIL) - PROCEEDS TO BE USED FOR REPAYMENT OF INDEBTEDNESS Source text: Further company coverage:
South Africa's central bank cut its main interest rate by 25 basis points to 7.75% on Thursday, a day after data showed inflation had dropped below its target range.
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 MARA Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030.
Gildan Activewear Inc. (GIL) announced today that it has priced an inaugural offering of C$700?million aggregate principal amount of senior unsecured notes in two series, consisting of C$500?million aggregate principal amount of 4.362% senior unsecured notes, Series 1, due 2029 and C$200?million aggregate principal amount of 4.711% senior unsecured notes, Series 2, due 2031.
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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