"Light demand" for Wednesday's 20-year Treasury bond auction "propelled yields to the nosebleeds and equities to the basement," said Jos? Torres, senior economist at Interactive Brokers.
Financial stocks declined in late Wednesday afternoon trading with the NYSE Financial Index falling 1.9% and the Financial Select Sector SPDR Fund dropping 1.8%. The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund shed 2.3%. Bitcoin rose 0.7% to $107,067, and the yield for 10-year US Treasuries jumped 12 basis points to 4.59%. In economic news, some Republic...
The iShares 20+ Year Treasury Bond ETF, a closely watched gauge of long-term U.S. government debt, fell 1.7% on Wednesday to its lowest level in six months. The selloff also reflects deepening concern over America's fiscal trajectory, with long-term yields rising in the wake of Moody's recent downgrade of U.S. sovereign credit.
Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index falling 1.9% and the Financial Select Sector SPDR Fund dropping 2%. The Philadelphia Housing Index slumped 2.9%, and the Real Estate Select Sector SPDR Fund was shedding 2.6%. Bitcoin was increasing 0.7% to $107,067, and the yield for 10-year US Treasuries jumped 12 basis points to 4.59%. In economic ne...
The fine for violating MSRB rules was imposed as part of a wider FINRA disciplinary action that saw brokerage firm Calton & Associates?fined a total of $75,000.
???????? NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. ENDEAVOUR ANNOUNCES PRICING OF US$500.0 MILLION 5-YEAR SENIOR NOTES London, 21 May 2025 ? Endeavour Mining plc (EDVMF) is pleased to announce the pricing of its offering of US$500.0 million fixed rate senior notes due 2030 as part of its refinancing strategy.
State-level data from the Bureau of Labor Statistics showed that the unemployment rate rose in three states and the District of Columbia in April, fell in two states, and held steady elsewhere. The largest unemployment rate increases were in Massachusetts and the District of Columbia, both rising by 0.2 percentage points.
National Bank of Canada maintained its outperform rating on the shares of Coveo Solutions (CVOSF) while raising its price target to C$8.50 from C$7.50, following the company's fiscal fourth-quarter results. The bank noted Coveo reported "in-line" fourth quarter results on Tuesday, posting a fourth-quarter total revenue of US$34.4 million, up 5.4% from US$32.6 million a year earlier.
US benchmark equity indexes were lower intraday, while Treasury yields rose as markets tracked developments around President Donald Trump's proposed tax-cut bill.
Financial stocks declined in Wednesday afternoon trading, with the NYSE Financial Index falling 1.5% and the Financial Select Sector SPDR Fund dropping 1.6%. The Philadelphia Housing Index slumped 2.3%, and the Real Estate Select Sector SPDR Fund was shedding 1.9%. Bitcoin was increasing 0.2% to $106,540, and the yield for 10-year US Treasuries jumped 10.8 basis points to 4.59%. In economic new...
As the budget reconciliation lurches through Congress towards a vote, the cap on state and local taxes remains a key bargaining chip while data shows state tax revenue declining and an uncertain future for the pass-through-entity workarounds adopted by more than 30 states.
US equity indexes fell as fiscal jitters pushed government bond yields higher and mixed earnings from the biggest retailers hurt risk sentiment. The Nasdaq Composite fell 0.6% to 19,026.1, the S&P 500 declined 1% to 5,881.4, and the Dow Jones Industrial Average dropped 1.6% to 41,980.5. The communications services sector was the sole gainer intraday.
Financial stocks were slipping in Wednesday afternoon trading, with the NYSE Financial Index falling 1.3% and the Financial Select Sector SPDR Fund dropping 1.7%. The Philadelphia Housing Index slumped 2.4%, and the Real Estate Select Sector SPDR Fund was shedding 1.9%. Bitcoin was increasing 0.5% to $107,358, and the yield for 10-year US Treasuries jumped 10 basis points to 4.58%. In economic ...
The National Association of Realtors' measure of US existing-home sales is expected to increase to a 4.10 million annual rate in April, based on a survey compiled by Bloomberg as of 7:45 am ET, after falling by 5.9% to a 4.02 million rate in March. Existing-home sales were at a 4.08 million rate in April 2024, so the year-over-year rate would be slightly positive if sales rise as expected.
US equity indexes traded mixed after gains in Alphabet's shares helped lift the Nasdaq Composite while domestic fiscal jitters weighed over government bond yields. The Nasdaq Composite rose 0.4% to 19,219.2 after midday on Wednesday. The communications services sector, home to Alphabet, was the top gainer and among the only two peer groups trading higher intraday.
Angola's central bank on Wednesday said its Monetary Policy Committee decided to keep its policy rate unchanged at 19.50%. The MPC decided to keep the rate on hold due to the global economic uncertainty, noted the BNA policy statement. MT Newswires does not provide investment advice.
CoreWeave (CRWV) said Wednesday it priced a $2 billion offering of 9.250% senior notes due 2030 at par of principal amount. The offering was raised from $1.5 billion previously, the company said. The shares were up more than 18% in recent trading. Price: 106.50, Change: +16.26, Percent Change: +18.02. MT Newswires does not provide investment advice.
The Dow Jones Industrial Average and S&P 500 Index were down, while the Nasdaq Composite was up in late-morning trading Wednesday, as long-dated US Treasury yields eclipsed notable thresholds.
Freddie Mac today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust Series 2025-1, a securitization of approximately $284.2 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
The yields on 30-year and 10-year US Treasury bonds rose back above key thresholds that roiled markets in April after President Donald Trump's tariff announcement. The 30-year yield was at 5.01% while the 10-year yield was at 4.53% as of 10:30 am ET on Wednesday.
State-level data released by the Bureau of Labor Statistics Wednesday showed the unemployment rate rose in three states and Washington DC in April, fell in two and held steady elsewhere. The largest unemployment rate gains were in Massachusetts and the District of Columbia, where it increased by 0.2 percentage point each.
The Reserve Bank of Australia cut the cash rate by 25bps to 3.85% at its meeting on Tuesday, which was expected by most market economists and was priced in by money markets, noted UBS. The forecasts were also downgraded, but the major surprise was the dovish shift as the RBA made a distinct departure from its longstanding hawkish bias, wrote the bank in a note to clients.
Bilibili Inc. (BILI), an iconic brand and a leading video community for young generations in China, today announced the pricing of its?upsized offering of US$600 million in aggregate principal amount of convertible senior notes due 2030.
Mortgage rates have jumped to their highest level in three months as U.S. Treasury yields, driven by rising deficits and fiscal policy fears, push the 30-year benchmark above the critical 5% mark. According to the latest Mortgage Bankers Association report, mortgage application volumes in the U.S. dropped 5.1% for the week ending May 16, the steepest decline in a month.
The Canadian headline consumer price index Tuesday fell sharply to 1.7% year over year from 2.3%, largely from the roughly 0.5pp contribution decline from the elimination of the carbon tax, said RBC. The Bank of Canada will place less weight on headline changes due to one-off tax adjustments.
Flutter Entertainment (FLUT) said Wednesday it launched a multi-currency debt offering through its subsidiary, Flutter Treasury DAC, including USD, EUR, and GBP-denominated senior secured notes due 2031. The company said it is also seeking to raise additional funds through its existing US dollar-denominated term loan B facility.
One of the hottest components of Canada's April consumer price index, published on Tuesday, is one that seemed to have just been tamed: groceries, said Bank of Montreal. Indeed, grocery price inflation jumped to 3.8% year over year, its highest pace since December 2023 and about a. percentage point above the long-run median, noted the bank.
The United Kingdom April consumer price index print will make for uncomfortable reading for the Bank of England's Monetary Policy Committee, said Sanjay Raja, Deutsche Bank chief U.K. economist, after Wednesday's CPI data. The bank labelled this as the biggest test for the MPC in Q2.
Societe Generale in its early Wednesday economic news summary pointed out: -- Risk off, oil +1.5% on CNN report that Israel is preparing to strike Iranian nuclear facilities. -- United Kingdom consumer price index accelerates to 3.5% year over year in April from 2.6% in March, above forecast. -- Japan's trade balance swings to 115.8 billion yen deficit in April from 559.4 billion surplus in March.
West Texas Intermediate crude, the U.S. benchmark, rose 2% last week to US$62/barrel while West Canadian Select crude remained flat at C$72/b as the heavy differential expanded slightly to US$11/b, National Bank of Canada said in a Tuesday note.
Manulife Financial (MFC) said Tuesday that it plans to issue 500 million Canadian dollars of 3.983% fixed/floating subordinated debentures due May 23, 2035. The company said it will use the net proceeds for general corporate purposes, including investment in subsidiaries and for potential future redemptions of existing securities. The offering is expected to close on Friday.
Bilibili Inc. (BILI), an iconic brand and a leading video community for young generations in China, today announced the proposed offering of US$500 million in aggregate principal amount of convertible senior notes due 2030, subject to market conditions and other factors, only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as ...
The U.S. economy is facing a potential crisis as the national debt continues to rise, sparking concerns among economists and analysts. What Happened: Deutsche Bank?s Jim Reid expressed his concerns about the U.S. fiscal situation.
Cipher Mining Inc. (CIFR) today announced the pricing of its public offering of $150,000,000 aggregate principal amount of convertible senior notes due 2030 in an offering registered under the Securities Act of 1933, as amended.
Texas Instruments (TXN) said late Tuesday that it has priced its offering of $550 million of 4.500% senior unsecured notes due May 23, 2030. The company said it also priced $650 million of 5.100% senior unsecured notes due May 23, 2035. Texas said it plans to use the proceeds for general corporate purposes. MT Newswires does not provide investment advice.
Fairfax Financial Holdings (FRFHF) after trade on Tuesday said it completed its previously announced private debt offering, raising a total US$900 million. The offer included US$500 million in 5.750% senior notes due in 2035 and US$400 million in 6.500% senior notes due in 2055, the company added.
Fairfax Financial Holdings Limited (FRFHF) has completed its previously announced private offering of US$500,000,000 in aggregate principal amount of 5.750% senior notes due 2035 and US$400,000,000 in aggregate principal amount 6.500% senior notes due 2055.
Teva Pharmaceuticals?today announced that Fitch Ratings Agency has raised the Company's corporate credit rating to BB+, with a stable outlook; from BB. Fitch's report cites Teva's progress in reducing debt and improving flexibility, expects continuous revenue growth from AUSTEDO and AJOVY, as well as Teva's biosimilar pipeline.
US benchmark equity indexes closed lower on Tuesday, as investors evaluated comments on the impacts of tariffs by a Federal Reserve official. The Nasdaq was down 0.4% to 19,142.71, while the S&P 500 decreased 0.4% to 5,940.46. The Dow Jones Industrial Average was down 0.3% to 42,677.24. Among sectors, utilities posted the largest gain while communications and energy saw the steepest declines.
The "risk to the tax exemption appears to have dropped sharply as of last week ... taking with it the hypothetical risk of a supply surge ahead of any end-date for borrowers' exemption access," said Matt Fabian, a partner at Municipal Market Analytics.
Cipher Mining Inc. (CIFR) today announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2030 in a public offering registered under the Securities Act of 1933, as amended.
US benchmark equity indexes ended lower Tuesday as Wall Street parsed comments by a Federal Reserve official. * St. Louis Fed President Alberto Musalem said Tuesday that tariffs are expected to "dampen" economic activity and result in "some further softening" of the labor market.
Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.6%. The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund decreased 0.5%. Bitcoin rose 1.2% to $106,743, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.49%. In economic news, Redfin said US home p...
US benchmark equity indexes are on track to close lower Tuesday after a Federal Reserve official signaled a slowdown in economic activity and softening of the labor market due to tariffs.
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.7%. The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund was decreasing 0.7%. Bitcoin rose 1.4% to $106,334, and the yield for 10-year US Treasuries was little changed at 4.48%. In economic news, Redfin said US home ...
St. Louis Fed President Alberto Musalem said that monetary policy is "well positioned" to address changes in the economic outlook and that policy will depend on how tariffs impact inflation and the job market.
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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