Muni investors hope "any move toward higher yields is steady, even dignified, such that it doesn't catalyze an outflow cycle that would countervail year-to-date total returns just before we close out the year," said Vikram Rai, head of municipal strategy at Wells Fargo.
* Markets expected to move on Powell's comments on Wednesday, new labor market data. * JOLTs report showed moderate increase in job openings. * ADP National Employment data due on Wednesday and nonfarm payrolls on Friday. * Turmoil in South Korea increased demand for low-risk assets, including treasuries. * By Tatiana Bautzer.
* Tesla slips after its China-made EV sales drop in Nov. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.1%, S&P 500 up 0.04%, Nasdaq up 0.2% By Caroline Valetkevitch. NEW YORK, Dec 3 - The Nasdaq and S&P 500 edged higher on Tuesday as tech-related shares extended recent gains and investors digested reassuring comments from Federal Reserve policymakers.
Greystone, a leading national commercial real estate finance company, announced that Greystone Senior Debt BI, LTD., a subsidiary of the Greystone Senior Debt Fund, has completed a Series A bond offering of approximately $160 million on the Tel Aviv Stock Exchange.
Federal Reserve Governor Adriana Kugler said on Tuesday that inflation ?appears to be on a sustainable path? but indicated that challenges still persist, adding that monetary ?policy is not on a preset course. #8221; Speaking at the Detroit Economic Club, Kugler described recent inflation readings as encouraging.
Fitch: * FITCH: SECTOR OUTLOOK FOR U.S. BANKS REVISED TO NEUTRAL IN 2025 FROM DETERIORATING IN 2024. * FITCH: U.S. BANKS WILL BENEFIT FROM A MORE SUPPORTIVE OPERATING ENVIRONMENT IN 2025 Source text:
U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to hire more workers.
- U.S. central bankers on Tuesday said they continue to believe inflation is heading down to their 2% target and signaled support for further interest rate cuts ahead, but none pushed strongly for or against doing so when they next meet to set rates in two weeks.
The incoming administration heads into the White House with a promise to create a national Crypto (CRCW) stockpile as public finance suffers losses, issues warnings, and buys into crypto-backed ETFs.
* Tesla slips after its China-made EV sales drop in Nov. * Job openings rise to 7.744 mln in Oct, beating estimates. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.4%, S&P 500 off 0.1%, Nasdaq up 0.1% By Shashwat Chauhan and Purvi Agarwal.
* Job openings increase 372,000 to 7.744 million in October. * Hires decrease 269,000 to 5.313 million. * Layoffs drop 169,000, the most since April 2023. * Resignations increase 228,000 to 3.326 million. By Lucia Mutikani.
Longer-dated U.S. Treasury yields rose on Tuesday after labor market data showed faster than expected job creation, but demand kept high as investors seeking safe haven from geopolitical uncertainty in Asia bought Treasuries. U.S. job openings increased moderately in October while layoffs declined, suggesting the labor market continued to slow in an orderly fashion.
* Focus on Friday's non-farm payrolls report. * Benchmark US 10-year Treasury yields drop to late Oct lows. * JP Morgan forecasts gold climbing toward $3,000/oz in 2025. By Sherin Elizabeth Varghese.
* Tesla slips after its China-made EV sales drop in Nov. * Job openings rise to 7.744 mln in Oct, beating estimates. * South Korean firms fall after president declares martial law. * Indexes: Dow down 0.15%, S&P 500 off 0.03%, Nasdaq up 0.12% By Shashwat Chauhan and Purvi Agarwal.
U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to hire more workers.
Bondholders of the Puerto Rico Electric Power Authority, including GoldenTree Asset Management, LP, Assured Guaranty Inc., and National Public Finance Guarantee Corporation, today issued the following statement: ?On November 13, the United States Court of Appeals for the First Circuit confirmed its June 12 ruling that PREPA?s $8 billion plus of revenue bonds are secured by a properly perfected ...
A deputy governor of Mexico's central bank said she sees a difficult path to increasing the pace of interest rate cuts in Latin America's No. 2 economy due to lingering uncertainty, according to a report published by Bloomberg on Tuesday. Deputy Governor Irene Espinosa told the outlet that "greater uncertainty" makes boosting the pace of cuts to the key lending rate set by the bank more difficult.
Wall Street opened a touch lower on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.
A deputy governor of Mexico's central bank sees a difficult path to increasing the pace of interest rate cuts due to uncertainty, according to a report published by Bloomberg on Tuesday. Deputy Governor Irene Espinosa told the outlet that "greater uncertainty" makes boosting the pace of cuts to the key lending rate set by the bank more difficult and that she favors a gradual approach.
National Bank of Canada (NTIOF) will release its quarterly earnings report on Wednesday, 2024-12-04. Analysts anticipate National Bank of Canada (NTIOF) to report an earnings per share of $1.81. The market awaits National Bank of Canada's (NTIOF) announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
Exclusive invite to Davos cements Jasper's leadership in AI innovation and its role in advancing ethical and sustainable digital progress SAN FRANCISCO, Dec. 3, 2024 /PRNewswire/ -- Jasper, the world's leading AI marketing platform, today announced that it has joined the World Economic Forum's Unicorn Community, an invitation-only group for private hyper-growth companies at the forefront of dis...
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
Royal Bank of Canada (RY) is set to give its latest quarterly earnings report on Wednesday, 2024-12-04. Analysts estimate that Royal Bank of Canada (RY) will report an earnings per share of $2.16. The announcement from Royal Bank of Canada (RY) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
Ready Capital Corporation (RC) today announced that it is commencing an underwritten public offering of senior unsecured notes due 2029. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol ?RCD. A registration statement relating to the securities was filed with the Securities and Exchange Commission and immediately became effective on March 22, 2022.
* Tesla slips after its China-made EV sales drop in Nov. * October JOLTS data due at 10 a.m. ET. * Futures: Dow down 0.02%, S&P 500 up 0.04%, Nasdaq down 0.05% By Shashwat Chauhan and Purvi Agarwal.
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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