Since troughing in mid-April, Government of Canada bond yields have risen across the curve, noted Desjardins. In part, that reflects the view that the Bank of Canada is getting close to the nadir of its rate-cutting cycle, with market participants unwinding some of their bets on further monetary easing.
The top performing G10 currency overnight Monday was the Australian dollar, highlighting that the latest United States trade policy developments haven't "significantly" undermined global investor risk sentiment, said Mitsubishi UFG. Market participants remain optimistic that trade deals will eventually be reached to help dampen the impact of higher tariffs, wrote the bank in a note to clients.
Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar soft with lower United States Treasury yields in Asia, yen and won fractionally firmer after President Trump announces intent to impose 25% tariffs on goods from Japan and South Korea on Aug. 1, raise levies on South Africa, Indonesia, Thailand and Cambodia.
Carnival said Monday it priced a $3 billion private offering of 5.75% senior unsecured notes due 2032. Proceeds from the offering will be used to fully repay borrowings under the company's first-priority senior secured term loan facility maturing in 2028, the company said.
Tidewater said Monday it completed its previously announced private offering of $650 million in 9.125% senior unsecured notes due 2030. The company used the proceeds, along with cash on hand, to fully repay its existing senior secured term loan. Tidewater also redeemed all of its 8.50% senior secured bonds due 2026 and 10.375% senior unsecured bonds due 2028.
W. P. Carey said late Monday it has priced an underwritten public offering of $400 million in senior notes due 2030. The notes will have a fixed interest rate of 4.650% and were offered at 99.088% of their face value, with the offering expected to close on Thursday, the company said. Interest payments will be made twice a year, on Jan. 15 and July 15, starting in 2026, it added.
Horizon, a company offering tailored investment and technology solutions to financial advisors, is introducing two new actively managed ETFs:?Horizon Core Bond ETF? and?Horizon Flexible Income ETF?. This expansion continues the company?s growth in its fast-growing ETF family.
Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said Jos? Torres, senior economist at Interactive Brokers.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index dropping 1.3% and the Financial Select Sector SPDR Fund shedding 1.2%. The Philadelphia Housing Index lost 1.5%, and the Real Estate Select Sector SPDR Fund declined 1%. Bitcoin eased 0.3% at $108,201, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.389%. In economic news, President Donald Tr...
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 1.2%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 0.9%. Bitcoin was down 0.3% at $108,201, and the yield for 10-year US Treasuries was rising nearly 5 basis points to 4.40%. The Tr...
Financial stocks were decreasing in afternoon trading, with the NYSE Financial Index shedding 1.1% and the Financial Select Sector SPDR Fund off 1%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 1.1%. Bitcoin was down 0.7% at $108,191, and the yield for 10-year US Treasuries was rising 4.9 basis points to 4.39%. The Trump administrat...
Financial stocks were decreasing in afternoon trading, with the NYSE Financial Index shedding 1.1% and the Financial Select Sector SPDR Fund off 1%. The Philadelphia Housing Index was falling 1.4%, and the Real Estate Select Sector SPDR Fund was retreating 1.1%. Bitcoin was down 0.7% at $108,191, and the yield for 10-year US Treasuries was rising 4.9 basis points to 4.39%. The Trump administrat...
National Bank of Canada over the weekend maintained its outperform rating on the shares of Groupe Dynamite (GRGDF) while raising its price target to $32 from $25. The bank said it is reviewing its price target for the clothing retailer following a "strong" 35% stock price appreciation since June 17.
Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.
UBS said it now believes the Reserve Bank of Australia will cut rates this week, with weaker-than-expected retail sales data last week shifting its view. The RBA is slated to release its policy statement at 12:30 a.m. ET on Tuesday. Besides disappointing Q1 gross domestic product, May retail sales rising 0.2% month over month have come in below. market expectations of 0.5%, noted the bank.
After a disappointing April, Deutsche Bank said it thinks the United Kingdom's gross domestic product growth will push back into positive territory in May. The U.K. will publish May's GDP on Friday. The bank expects growth to edge up 0.1% month over month, led in large part by a rebound in the services sector.
National Bank of Canada on Monday reiterated its outperform rating on the shares of Spartan Delta (DALXF) and its $6.00 price target, after the Western Canadian oil and gas producer released an operational update. Spartan continues to advance a high-impact value proposition, with strong and consistent results compounding in its Duvernay program, according to National Bank.
Israel's central bank said its Monetary Committee decided to leave the interest rate unchanged at 4.50% on Monday. Economic activity continues to recover moderately against the background of high domestic and global uncertainty, wrote the BoI in its policy statement. However, the level of economic activity is about 4%lower than this trend line.
OR Royalties (OR), previously known as Osisko Gold Royalties, maintained its Outperform rating and $40 price target, National Bank of Canada said in a Monday note. The bank said the rating is based on the company's near-term growth pipeline driven by expansion initiatives at producing operations located in politically stable jurisdictions.
Central banks around the world are confronted with major uncertainties around growth and inflation, not least in the context of the United States government's tariff measures -- this also holds for the European Central Bank, Bank of England, Swiss central bank and Sweden's Riksbank, said UBS.
The Canadian economy is set to face further headwinds as uncertainty surrounding United States trade policies continues to weigh on business and consumer confidence, according to new research from the Conference Board of Canada published Monday. Canada's gross domestic product is forecast to increase by 1.5% this year, according to the Conference Board.
Carnival said Monday it closed its private offering of 1 billion euros of 4.125% senior unsecured notes due 2031. The company said it will use the proceeds to fully repay borrowings under a first-priority senior secured term loan facility due 2027 and to partially repay borrowings under the first-priority senior secured term loan facility due 2028.
Societe Generale pencils in a 25bps rate cut for the Reserve Bank of Australia this week to 3.60% after inflation slowed to 2.1% year over year in May and core cooled to 2.4%. The RBA is slated to release its policy statement at 12:30 a.m. ET on Tuesday. The implied odds are stacked at 95% in favor of a cut, wrote the bank in a note to clients.
Societe Generale in its early Monday economic news summary pointed out: -- Currency majors mostly rangebound, United States Treasury yields dip after long weekend, 2s/10s bull steepens, Brent slips 1% after OPEC+ said to agree to raise supply by 548,000 barrels per day from September. -- Tariffs: U.S. reportedly planning three scenarios for deadline on Wednesday.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index was in the ?Extreme Greed? zone on Thursday. U.S. stocks settled higher on Thursday, with the S&P 500 hitting record highs following the release of jobs data.
The past week has been a rollercoaster ride for the U.S. economy. Here?s a recap of the top stories. Labor Market Sends Warning Signal The U.S. labor market is showing a concerning sign as private sector payrolls fell in June for the first time in over two years. Read the full article here.
The Toronto Stock Exchange posted its fourth-straight record close on Friday, sticking above the 27,000 mark for a second day but gains are slowing as it managed just a minor rise.
A stronger-than-expected labor report just crushed any hopes that the Federal Reserve would lower rates this month?despite speculation from Wall Street and direct demands from President Donald Trump. In June, the U.S. economy added 147,000 jobs, topping forecasts, while the unemployment rate ticked down to 4.1%, according to the latest Bureau of Labor Statistics data released Friday.
Avery Shenfeld noted employment is the only major data release next week, on Friday, and CIBC is expecting a continuation of the recent trend, with lacklustre job gains and yet another uptick in the unemployment rate. Price: 97.85, Change: +0.10, Percent Change: +0.10. MT Newswires does not provide investment advice.
The Canadian labour market has weakened significantly since the beginning of the year with the unemployment rate hitting 7% in May, but it may be reaching a bottom soon, writes RBC Economics. Slowing has been significant, but is concentrated in sectors and regions most exposed to international trade headwinds. But with domestic demand broadly holding up, RBC doesn't expect the weakness to spread.
The damage from fraying trade relations will continue unfolding, writes TD Economics in its Weekly Bottom Line note, adding that next week's jobs report will offer another perspective into how deep that damage runs. So far, total employment has moved sideways rather than down, but under the surface, cracks are evident. MT Newswires does not provide investment advice.
Marimaca Copper (MARIF) had its price target increased to $11 from $7.50 while its Outperform rating remained unchanged at National Bank of Canada. The bank in a note on Thursday said the rating is supported by Marimaca's expected peer-leading capital intensity for the Marimaca oxide deposit in Chile, as well as further exploration upside potential over the coming quarters.
Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.
The S&P 500 and the Nasdaq Composite reached fresh record highs in a shortened trading session Thursday after official data showed the economy added more jobs than expected in June. The technology-heavy Nasdaq jumped 1% to 20,601.1, while the S&P 500 and the Dow Jones Industrial Average rose 0.8% each to 6,279.4 and 44,828.5, respectively.
US equity indexes rose this holiday-shortened week amid progress in the Trump administration's trade deals, the passage of the tax-cut bill to the House floor, and stronger-than-expected jobs data. * The S&P 500 closed at 6,272.28 on Thursday versus the close last week at 6,173.07 on Friday.
The June employment report showed that payroll growth was higher than expected, with a decrease in the unemployment rate, and hourly earnings growth slowed. Nonfarm payrolls rose by 147,000 in June after a 144,000 gain in May and a 158,000 gain in April, both revised higher from their previous estimates.
US benchmark equity indexes ended higher Thursday after the US added more jobs than expected in June. * The government's June employment report showed nonfarm payrolls rose by 147,000, topping the 106,000 increase expected in a Bloomberg survey. * The jobs report lifted Treasury yields and reduced bets on an imminent Federal Reserve rate cut.
Financial stocks advanced in Thursday afternoon trading, with the NYSE Financial Index up 1% while the Financial Select Sector SPDR Fund rose 1.1%. The Philadelphia Housing Index fell 1.4%, while the Real Estate Select Sector SPDR Fund added 0.1%. Bitcoin was adding 0.1% to $109,653, and the yield for 10-year US Treasuries rose 5 basis points to 4.34%. In economic news, the June employment repo...
"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.
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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