The Bank of Japan held its policy rate at 0.5% at its overnight Monday policy meeting, said Societe Generale. On the other hand, the review of the Japanese government bond buying Rinban operation review concluded that the ongoing reduction of purchases by 400 billion yen per quarter will be maintained until Q1 2026. Following this, the reduction amount will slow to 200 billion yen per quarter.
National Bank of Canada maintained its outperform rating and $14.50 price target on the shares of Hudbay Minerals (HBM) after the miner restarted its Manitoba operations that were suspended due to wildfires. Hudbay on Monday said it resumed operations at its Snow Lake complex in the province after the lifting of evacuation orders for the region on June 14.
The Bank of Canada will release at 1:30 p.m. ET on Tuesday its Summary of Deliberations on the discussions leading up to the June 4 decision to hold the policy rate, noted Scotiabank. Key may be any further clarity around forward guidance, said the bank. If that isn't shared, then it may be in BoC Governor Tiff Macklem's speech on Wednesday, stated Scotiabank.
In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.
Chile's central bank is expected to hold its overnight rate target at 5% with risk of a cut on Tuesday, said Scotiabank. The bank expects a 25bps cut. Whether that's enough to motivate BCCh to come off the sidelines where it has stood since the start of this year isn't clear, stated Scotiabank.
Premium Products International, Inc., a U.S.-based sourcing and export consultancy, announces the launch of its newest offering: premium-grade Turkish towels, bathrobes, and home textiles, now available for wholesale in the U.S. market.
Anywhere Real Estate (HOUS) said Tuesday its Anywhere Real Estate Group and Anywhere Co-Issuer units are planning to issue $500 million of senior secured second lien notes due 2030 in a private offering. The company said it plans to use the net proceeds to repurchase its 0.25% exchangeable senior notes due 2026 and to repay a part of its outstanding borrowings under its revolving credit facility.
US equity futures were down before Tuesday's opening bell as the Federal Reserve begins its meeting to discuss monetary policy while the ongoing Israel-Iran conflict continued to dampen investor sentiment.
AMC Networks (AMCX) said Tuesday it has launched a cash tender offer to purchase up to $450 million of its 4.25% senior notes due 2029. The offer for the notes, worth roughly $885.9 million, will expire July 17, the company said.
U.S. consumers showed signs of strain in May, as a key spending gauge contracted for the second time this year, fueling concerns of a demand slowdown amid tariff-related trade uncertainty. Headline retail sales slumped 0.9% month-over-month in May 2025, a sharp drop from April's downwardly revised 0.1% decline, the U.S. Census Bureau reported Tuesday.
U.S. consumers showed signs of strain in May, as a key spending gauge contracted for the second time this year, fueling concerns of a demand slowdown amid tariff-related trade uncertainty. Headline retail sales slumped 0.9% month-over-month in May 2025, a sharp drop from April's downwardly revised 0.1% decline, the U.S. Census Bureau reported Tuesday.
US retail sales fell by 0.9% in May, a larger drop than the 0.6% decrease expected in a survey compiled by Bloomberg as of 7:30 am ET and following the previous month's 0.1% decline. Excluding a 3.5% decrease in motor vehicle sales, retail sales were down 0.3% compared with an expected 0.2% gain.
Statistics Canada will refresh the consumer price index basket weights at 8:30 a.m. ET Tuesday, for inclusion in next week's May CPI report, noted Scotiabank. It's the annual process, this time updating to the composition of spending in 2023 instead of 2022, said the bank.
Statistics Canada releases April figures on international securities transactions at 8:30 a.m. ET on Tuesday, noted Bank of Montreal. StatsCan will also publish new consumer price index component weights at 8:30 a.m. ET Tuesday.
?. Sanofi successfully prices ?1.5 billion bond issue Sanofi announces that it has successfully priced its offering of ?1.5 billion of notes across 2 tranches:?. The notes are being issued off the company's Euro Medium Term Note Programme. Sanofi intends to use the net proceeds of the offering for general corporate purposes.
Canadian housing starts continue to hold up despite. weak buyer demand, said Bank of Montreal. Starts for homeownership and condos have trended at around 110,000 annualized units seasonally adjusted so far this year, which is down more than 20% from recent norms through 2022 and 2023, noted the bank.
Asian stock markets were choppy Tuesday as traders weighed a central bank decision in Tokyo, and the unfolding hostilities in the Middle East. Tokyo finished in the green, Shanghai was flat, and Hong Kong fell back. In Japan, the Nikkei 225 opened evenly and gained in trading, finishing up 0.6% on media reports of a possible Middle East truce, and as a softer yen boosted export issues.
Analysts are eyeing this week?s Federal Reserve meeting for a decision on rate cuts, as well as cues on bitcoin's movements, with no policy changes expected.
SmartStop Self Storage REIT (SMA) said late Monday its operating partnership, SmartStop OP, closed a CA$500 million offering of series A senior unsecured notes due 2028. The company said the transaction marks its entry into the Canadian Maple Bond market.
US equities rebounded Monday following Friday's selloffs as investors shook off worries about a further escalation in the Middle East conflict, with the focus shifting to this week's Federal Reserve policy meeting.
After two weeks of a deluge of issuance, supply drops off "given the FOMC meeting and Juneteenth holiday, so we expect investors will refocus on the secondary market and look to scoop up any value left behind in the wake of the issuance onslaught," said Birch Creek strategists.
Financial stocks advanced late Monday afternoon with the NYSE Financial Index and the Financial Select Sector SPDR Fund both climbing 1.1%. The Philadelphia Housing Index rose 0.3%, and the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin increased 2.9% to $108,690, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.452%. Iran indicated it's urgently looking to end hostil...
"This case involves the discovery of a massive Ponzi-like fraud orchestrated by former GHA executive director Robert Cappelletti," plaintiffs GHA and Greater Groton Realty Corp., a non-profit affiliate of the GHA, said in an April court filing.?
Financial stocks rose late Monday afternoon, with the NYSE Financial Index adding 1.1% and the Financial Select Sector SPDR Fund each climbing up 1.2%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund eased 0.2%. Bitcoin increased 2.9% to $108,690, and the yield for 10-year US Treasuries rose 3 basis points to 4.45%. Iran indicated it's urgently looking to e...
As the Senate Finance Committee works on the the reconciliation puzzle, attorneys, accountants, and doctors are lobbying for keeping the pass-through exemptions that provide a workaround to the cap on state and local taxes in place.
Financial stocks rose Monday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each climbing up about 1.3%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund gained 0.4%. Bitcoin increased 2% to $107,789, and the yield for 10-year US Treasuries was little changed at 4.42%. Iran indicated it's urgently looking to end hostilitie...
Financial stocks advanced in Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund both climbing 1.3%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund gained 0.4%. Bitcoin increased 2% to $107,789, and the yield for 10-year US Treasuries was little changed at 4.42%. Iran indicated it's urgently looking to end hosti...
There were a few signs of life in Canada's housing sector on Monday, with housing starts coming in hot at 280,000 annualized units, which was above expectations of 248,000 and the six-month moving average of 243,000, said Rosenberg Research. This is basically flat, or 0.2% lower, from April's print and it means that housing starts are actually still up 20.7% year-to-date.
Canadian existing home sales increased 3.6% month-on-month in May, building on April's modest 0.8% month-over-month gain, said TD after Monday's data from the Canadian Real Estate Association. Gains in Ontario and Alberta helped lift national sales.
Rithm Capital (RITM) said Monday that it plans to conduct an offering of $500 million aggregate principal amount of senior unsecured notes due 2030. Proceeds will be used to redeem Rithm Capital's (RITM) outstanding 6.25% senior unsecured notes due 2025 and for general corporate purposes, according to the statement.
Canadian housing starts came in at a "healthy" rate of 279,500 annualized units in May, essentially holding on to April's large gain, said TD. Meanwhile, the six-month moving average of starts inched higher by 0.8% month over month to 243,400 units in Monday's data from the Canada Mortgage and Housing Corporation.
The Canadian Real Estate Association on Monday released statistics on the country's home sales for May. In summary: National home sales were up 3.6% month-over-month; Actual monthly activity came in 4.3% below May 2024; The number of newly listed properties rose 3.1% on a month-over-month basis; The MLS Home Price Index was 0.2% month-over-month lower and was down 3.5% on a year-over-year basis...
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $6 million offering from Penns Grove-Carneys Point Regional School District, N.J., records a Flood Score of 4.7 out of 5.0, ICE reports.
US equity futures were up before Monday's opening bell, rebounding from Friday's losses fueled by the ongoing tensions between Israel and Iran, while traders looked ahead to the upcoming two-day rate policy setting Federal Open Market Committee meeting scheduled to begin Tuesday.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada fell 0.2% month-over-month in May to 279,510 units, said Canada Mortgage and Housing Corporation on Monday. May's housing starts declined less than the 248,000 consensus figure provided by MUFG. The rural starts monthly SAAR estimate was 19,706 units, noted CMHC.
US equity futures were higher pre-bell Monday, rebounding from Friday's losses fueled by the ongoing tensions between Israel and Iran, while traders looked ahead to the upcoming two-day rate policy setting Federal Open Market Committee meeting scheduled to begin Tuesday.
The US dollar fell against its major trading partners early Monday as the focus turns to May retail sales data Tuesday and the Federal Open Market Committee's policy statement at the conclusion of its two-day meeting Wednesday, when there is a 99.8% chance of no change in the current 4.25% to 4.50% federal funds rate range being priced into the CME's Fed Watch tool.
The benchmark US stock measures were pointing higher before the opening bell Monday as investors watch the ongoing conflict between Israel and Iran, while preparing for a key policy decision by the Federal Reserve later in the holiday-shortened week.
Canada Mortgage and Housing Corporation will release housing starts for May at 8:15 a.m. ET Monday, noted RBC. The bank expects May Canadian housing starts to pull back to 243,000 -- a 12.8% month-over-month decline that would partially retrace a 30% surge in April. MT Newswires does not provide investment advice.
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.
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