Japanese government bond yields declined on Tuesday, tracking an overnight fall in U.S. Treasury yields as investors awaited fresh market signals. The 10-year JGB yield was last down 1 basis point at 1.06%, while 10-year JGB futures rose 0.08 points to 142.93 yen.
- Global Support for Growth in Life Sciences Sector - TOKYO, Nov. 26, 2024 Nippon Express USA, Inc., a group company of NIPPON EXPRESS HOLDINGS, INC., has received Good Distribution Practice certification for its temporary storage and forwarding operations for pharmaceutical products at its Philadelphia Branch's warehouse, effective November 13, 2024.
* S&P- PHILIPPINES OUTLOOK REVISED TO POSITIVE ON IMPROVED INSTITUTIONAL ASSESSMENT; 'BBB+/A-2' RATINGS AFFIRMED. * S&P ON PHILIPPINES: EXPECT REAL GDP GROWTH OF 5.5% IN 2024 Source text: https://tinyurl.com/y6vkxf9s.
* Bullion declined over 3% on Monday, the most since June 7. * Trump pledges fresh tariffs on Canada, Mexico, and China. * Fed's Neel Kashkari says open to cutting rates again next month. By Daksh Grover.
Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after U.S. authorities indicted some key executives of the Indian conglomerate on bribery charges. Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds are now on "watch negative", Fitch said in a statement.
-Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.
Gold prices fell on Tuesday to their lowest in more than a week, weighed down by a stronger dollar and reports of a potential Israel-Hezbollah ceasefire that dampened safe-haven demand. FUNDAMENTALS. * Spot gold was down 0.2% at $2,621.06 per ounce, as of 0023 GMT, after hitting its lowest since Nov. 18 earlier in the session.
- Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank's policy spectrum, said on Monday he is open to cutting interest rates again next month. "It's still a reasonable consideration," Kashkari said in a Bloomberg TV interview.
* Investors welcome Bessent as US Treasury secretary pick. * Wall Street indexes up: S&P 500, Dow hit records. * Dollar, US Treasury yields, oil prices all fall. By Sin?ad Carew and Nell Mackenzie.
Markets could see that "the risks of higher inflation and interest rates are implicit constraints on the Trump policy agenda, with the eventual policy outcomes potentially less inflationary than some investors previously feared," UBS strategists noted.
Astronics Corporation (ATRO) today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of 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, as amended. The Notes will be Astronics? senior unsecured obligations.
Getty Realty Corp. (GTY) announced today the closing of its previously disclosed private placement of $125 million of senior unsecured notes, including $50 million of notes priced at a fixed rate of 5.52% and maturing September 12, 2029 and $75 million of notes priced at a fixed rate of 5.70% and maturing February 22, 2032.
* Treasuries rally as investors see Bessent as fiscal hawk. * Dollar eases from two-year high, due some consolidation. * Market sees more policy easing from ECB, less from Fed. By Alden Bentley, Medha Singh and Wayne Cole.
* Yields drop sharply on Trump's Treasury Secretary choice. * Rally gets a boost from short covering and strong auction. * Key yield curve inverts on easing fiscal concerns. By Davide Barbuscia.
Latin American currencies saw a boost on Monday, as the global rally of the dollar paused and U.S. Treasury yields dipped following the nomination of Wall Street veteran Scott Bessent as ...
* Gold on track for its worst day since Jun.07. * Israel says it's moving towards Lebanon ceasefire. * Trump nominates Scott Bessent for U.S. Treasury Secretary. * Fed's Nov FOMC meeting minutes, GDP data, core PCE due this week. By Sherin Elizabeth Varghese.
Greystone, a leading national commercial real estate finance company, has provided a $26,109,000 Freddie Mac loan to refinance a 180-unit multifamily property in Myrtle Beach, South Carolina. Originally constructed in 1998, Reserve at Ridgewood in Horry County is a garden-style apartment community featuring two- and three-bedroom units set across 15 residential buildings.
An economic adviser at the Federal Reserve Bank of San Francisco known for his research into productivity trends published an analysis Monday that left open the possibility that a recent surge in productivity may not necessarily fade as it so often has in the past.
Germany is stuck in a period of economic weakness but central bank interest rates need to come down only gradually to make sure inflationary pressures are fully extinguished, Bundesbank President Joachim Nagel said on Monday.
* Investor Scott Bessent named as US Treasury Secretary. * Wall St indexes up: S&P 500, Dow hit records. * Dollar, US Treasury yields, oil prices all fall. By Sin?ad Carew and Nell Mackenzie.
Bank of America Corp (BAC) shares hit a new 52-week high of $47.49 during Monday?s session. The Federal Reserve lowered the federal funds rate by 0.25 percentage points on Thursday, bringing the target range to 4.5%-4.75%. This marked the lowest level since early 2023 as policymakers aim to sustain economic growth while inflation moderates.
The Federal Home Loan Bank of Indianapolis announced today that the $16.8 million allocated for its 2024 Affordable Housing Program awardees based in Indiana set a single-year Bank record for affordable housing project funding, eclipsing the previous record of $13.5 million in 2014.
The Federal Home Loan Bank of Indianapolis announced today that the $17.7 million allocated for its 2024 Affordable Housing Program awardees based in Michigan set a single-year Bank record for affordable housing project funding in the state, eclipsing the previous record of $6.6 million in 2023.
- The Russell 2000 index tracking small cap companies in the U.S. hit a record high on Monday, boosted by expectations of tax cuts under a second Donald Trump administration, along with the prospect of lower borrowing costs.
The Russell 2000 index tracking small cap companies in the U.S. hit a record high on Monday, boosted by expectations of tax cuts under a second Donald Trump administration, along with the prospect of lower borrowing costs. The index hit an all-time high of 2,458.9913 and was last up 2.1%, eclipsing the previous high it touched three years ago.
Jos? R. Gonz?lez, president and CEO of the Federal Home Loan Bank of New York, announced that the FHLBNY has awarded a record $70.8 million in subsidies to fund 61 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, Connecticut, Maine, Maryland, Pennsylvania, Texas and Wisconsin.
U.S. Treasury yields declined sharply on Monday as investors speculated on a more moderate than feared U.S. fiscal trajectory after hedge fund manager Scott Bessent was nominated as U.S. Treasury secretary by President-elect Donald Trump on Friday.
* Central bank focuses on stabilizing markets amid continuing war. * Analysts expect rates to remain unchanged until mid-2025. * Geopolitical uncertainty impacts economic growth and risk premium. By Steven Scheer.
"It became apparent that building this new critical care, advanced care bed tower was a strategic imperative," said John Morgan, interim CFO at WMCHealth.
Private Exchange of $340 Million Expected to Close Before Year End Office Properties Income Trust (OPI) announced it has entered into an exchange agreement providing for a private exchange with certain members of an ad hoc group of noteholders holding a significant amount of OPI?s $453.6 million outstanding senior unsecured notes due 2025 to refinance up to $340 million of the 2025 Notes.
Brazil posted a current account deficit of $5.9 billion in October, down from a modest surplus recorded during the same month last year, dragged by a shrinking trade surplus, central bank data showed on Monday. The monthly deficit was slightly narrower than the $6 billion projected in a Reuters poll of economists. Brazil had posted a $451 million current account surplus in October 2023.
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasury yields slipped back on Monday after Wall Street money manager Scott Bessent got the nod to be the next Treasury Secretary, with markets hoping his take on tax cuts and tariffs may at least be sensitive to edgy investor concerns.
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. Treasury yields slipped back on Monday after Wall Street money manager Scott Bessent got the nod to be the next Treasury Secretary, with markets hoping his take on tax cuts and tariffs may at least be sensitive to edgy investor concerns.
Thailand's banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday, reflecting banks' reluctance to lend. Banks' lending decisions will depend on debtors' ability to repay debts, Sakkapop Panyanukul said in an article published on the Bank of Thailand's website.
Brazil recorded a current account deficit of $5.9 billion in October, the central bank said on Monday, slightly below the $6 billion deficit anticipated in a Reuters poll of economists. Foreign direct investment for the month reached $5.7 billion, above the $4.7 billion forecast in the poll, the central bank added.
* Alternative data helps predict retailer performance. * HundredX provides shopper sentiment data to Goldman Sachs (GS). * Industry is growing, helped by investors seeking an advantage. By Nicholas P. Brown, Carolina Mandl.
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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