Issuance for the week of Aug. 11 remains elevated at an estimated at $10.713 billion, with $8.857 billion of negotiated deals and $1.857 billion of competitive deals on tap, according to LSEG.
Financial stocks advanced late Friday afternoon, with the NYSE Financial Index gaining 0.7% and the Financial Select Sector SPDR Fund rising 1%. The Philadelphia Housing Index added 0.5%, and the Real Estate Select Sector SPDR Fund shed 0.6%. Bitcoin fell 0.7% at $116,707, and the yield for 10-year US Treasuries rose 3.1 basis points to 4.29%. In sector news, the Trump administration is prepari...
According to Avery Shenfeld, the central bank could choose to characterize its 'Summary of deliberations' on Wednesday "just a touch more dovishly" than how BoC officials sounded at a press conference on the day of the most recent rate announcement, based on what we've since learned about U.S. growth, "looking weaker after payrolls", and Canadian employment.
Financial stocks advanced late Friday afternoon with the NYSE Financial Index gaining 0.7% and the Financial Select Sector SPDR Fund rising 1%. The Philadelphia Housing Index added 0.5%, and the Real Estate Select Sector SPDR Fund shed 0.6%. Bitcoin fell 0.7% at $116,707, and the yield for 10-year US Treasuries rose 3.1 basis points to 4.29%. In sector news, the Trump administration is preparin...
St. Louis Fed President Alberto Musalem said that above-target inflation and the slowing labor market are both risks to the US economy and that policy makers need to decide which is the bigger problem and by how much when charting the path for monetary policy.
"Nothing could delay a restructuring or a consensual deal [more] than the existing board was doing," said Assured Guaranty CEO Dominic Frederico of the Trump administration's removal of Puerto Rico oversight board members.
Financial stocks were advancing Friday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding about 0.7%. The Philadelphia Housing Index was adding 0.4%, while the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was up 0.1% at $116,545, and the yield for 10-year US Treasuries was rising 3.9 basis points to 4.28%. In sector news, the Trump a...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.7%. The Philadelphia Housing Index was adding 0.4%, while the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 0.1% to $116,400, and the yield for 10-year US Treasuries was rising 3.9 basis points to 4.28%. In sector news,...
The Trump administration is preparing to sell stock in Fannie Mae and Freddie Mac in a deal that could raise around $30 billion and begin later this year, The Wall Street Journal reported Friday, citing people familiar with the matter.
The European stock markets closed mixed in Friday trading as the FTSE 100 in London slid 0.06%, Germany's DAX was unchanged, France's CAC 40 gained 0.44%, the Stoxx Europe 600 rose 0.25% and the Swiss Market Index increased 0.15%. France's unemployment rate was unchanged at 7.5% in Q2, compared with the previous three-month period, according to the statistics agency Insee.
After 41 years of service at the Federal Home Loan Bank of Indianapolis, including the past 12 years as President and CEO, Cindy Konich announced her retirement this week.
When it comes to the Bank of Canada, National Bank noted the central bank retained an easing bias in July, acknowledging rate cuts may be in store if price pressures can be contained. MT Newswires does not provide investment advice.
Assured Guaranty (AGO) reported its?second-quarter financial results?before the opening bell on Friday. Below are the transcripts from the Q2 earnings call, which took place Friday morning. This transcript is brought to you by Benzinga APIs. Good morning and welcome to the Assured Guarantee Limited second quarter 2025 earnings conference call.
For RBC, the bottom line is that July saw another month of "volatile" Canadian labour market data, noting the 41k decline in employment reversed, but about half of the outsized gain in June, and the unemployment rate held at 6.9%, still below May's 7.0%. "Somewhat surprisingly," RBC said, "trade exposed sectors did not account for the employment loss in July."
Canadian employment fell by 41,000, or 0.2% month-over-month, in July and the unemployment rate was unchanged at 6.9%, said the country's statistical agency in Friday's Labour Force Survey . July's employment losses were worse than the 15,300 job gains consensus provided by Mitsubishi UFG, which had a consensus unemployment rate of 7.0% in July.
Hospital acquisitions, expansions and the anticipation of federal policy changes has increased bond issuance from the California Health Facilities Financing Authority.
Calfrac Well Services (CFWFF) on Friday reported a decline in second-quarter net income, citing the "current macroeconomic challenges affecting the global economy", and said it had recently taken steps to reduce its operating footprint in North America.
The Bank of Mexico slowed its pace of easing at Thursday's policy meeting meeting, reducing the policy rate by 25bps to 7.75%, said Societe Generale. This reflects a cautious approach amid a recent rise in core inflation, while the economy remains weak, wrote the bank in a note to clients.
MPLX (MPLX) said late Thursday it priced a $4.5 billion public offering of unsecured senior notes. The offering consists of $1.25 billion of 4.8% notes due 2031, $750 million of 5% notes due 2033, $1.5 billion of 5.4% notes due 2035, and $1 billion of 6.2% notes due 2055.
JPMorgan Chase & Co. has moved up its forecast for the first Federal Reserve rate cut to September, abandoning its previous December timeline as labor market data weakens and political dynamics shift within the central bank.
Renowned economist Richard Werner says popular textbooks miscast banks as mere middlemen and ignore their central "power to create money," an omission he claims distorts debates over credit just as the U.S. economy slows and the Federal Reserve weighs rate cuts. What Happened: "Banks are special. Werner laid out three broad theories of banking.
Roper Technologies, Inc. (ROP) announced today the pricing of its public offering of $500 million of 4.250% Senior Notes due 2028, $500 million of 4.450% Senior Notes due 2030, and $1 billion of 5.100% Senior Notes due 2035.
President Donald Trump said Thursday he will nominate Stephen Miran, current chair of the Council of Economic Advisers, to fill the recently vacated Federal Reserve Board seat left by Adriana Kugler. If confirmed by the Senate, Miran would serve until Jan. 31, 2026, giving him a short but potentially impactful window to vote on U.S. monetary policy.
US benchmark equity indexes closed mixed on Thursday, after investors evaluated President Donald Trump's comments on semiconductor tariffs and the rise in weekly jobless claims. The Nasdaq was up 0.35% to 21,242.70 while the S&P 500 declined 0.1% to 6,340.00. The Dow Jones Industrial Average fell 0.5% to 43,968.64. Among sectors, healthcare paced decliners, and utilities led the gainers.
Apollo Global Management, Inc. (APO) today announced that it has priced an offering of $500 million aggregate principal amount of its 5.150% Senior Notes due 2035. The notes will be fully and unconditionally guaranteed by certain subsidiaries of the Issuer that are obligors under the Issuer?s outstanding debt securities.
Financial stocks dropped in late Thursday afternoon trading, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund falling 1.2%. The Philadelphia Housing Index rose 0.1%, and the Real Estate Select Sector SPDR Fund added 0.3%. Bitcoin advanced 1.5% to hit $116,588, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.25%. In economic news, initial joble...
While UST yields "consolidate" following Friday's massive rally after the July jobs report, muni yields remain resilient, according to Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Financial stocks dropped in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund falling 1.2%. The Philadelphia Housing Index rose 0.1%, and the Real Estate Select Sector SPDR Fund added 0.3%. Bitcoin advanced 1.5% to $116,588, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.25%. In economic news, initial jobless cl...
Atlanta Fed President Raphael Bostic said that he still sees one rate cut as appropriate for this year, even as the July employment data, particularly the large revisions to previous months, suggest a greater risk to that side of the Fed's mandate.
Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims reached the highest since November 2021, government data showed Thursday. For the week ended Aug. 2, the seasonally adjusted number of initial claims increased to 226,000 from the previous week's upwardly revised reading of 219,000, the Department of Labor said.
Financial stocks dropped in Thursday afternoon trading with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund falling 1.1%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund climbed 0.4%. Bitcoin advanced 1.1% to $116,470, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.248%. In economic news, initial jobless clai...
US equity indexes traded lower after midday Thursday as investors weighed the proposed 100% tariffs on semiconductor imports alongside gains in weekly jobless claims.
Gold traded higher midafternoon on Thursday even as the dollar steadied after U.S. initial jobless claims rose more than expected last week, showing a slowing job market.
Provisions of the One Big Beautiful Bill Act are beginning to take effect as the FHFA has doubled the cap on Low Income Housing Tax Credits, which should boost the issuance of private activity bonds.
US equity indexes and government bond yields traded mixed in midday trading on Thursday as investors weighed the proposed 100% tariffs on semiconductor imports and gains in weekly jobless claims.
The Bank of England cut rates by 25bps to 4.0% on Thursday, as expected, but the vote split couldn't have been narrower, said MUFG. Higher risks around inflation expectations from food and energy prices have bolstered the hawkish camp on the BoE's Monetary Policy Committee, wrote the bank in a note to clients.
Moldova's central bank Thursday said its Executive Committee decided to lower its policy rete by 25% to 6.25%. MT Newswires does not provide investment advice.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.63%. ?The 30-year fixed-rate mortgage dropped to its lowest level since April,? said Sam Khater, Freddie Mac?s Chief Economist.
National Bank of Canada on Thursday reiterated its outperform rating on the shares of Spartan Delta (DALXF) while raising its price target to $7.00 from $6.50 following the Western Canadian oil and gas producer's second-quarter results.
Consumer expectations for one-year US inflation growth rose to a 3.1% gain in July from a 3.0% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Thursday. The median inflation expectations for the three-year period stood at a 3% gain for the third consecutive month but accelerated to a 2.9% gain from a 2.6% gain for five years ahead.
The Czech central bank Thursday said its Board kept interest rates unchanged. The two-week repo rate remained at 3.50%, the discount rate at 2.50% and the Lombard rate at 4.50%. Thursday's decision aims to stabilize headline inflation close to the 2% inflation target in the long run, wrote CNB in the policy statement.
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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