At least the latest growth data doesn't suggest that Sweden's Riksbank will cut interest rates anytime soon, said Commerzbank. Growth picked up nicely in Q2, supporting the Riksbank's expectations of an economic recovery, wrote the bank in a note to clients. The picture is similar for leading indicators, stated Commerzbank.
"It doesn't take but one comment or one market-moving data point to cause ETFs to shift the market pretty considerably," said Ajay Thomas, head of public finance at FHN Financial.
The Westin Chicago Lombard's owner is returning to market with unrated bonds designed to cure payment defaults on debt issued to exit bankruptcy in 2018.
The US dollar was mixed against its major trading partners early Wednesday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of weekly Redbook same-store sales at 8:55 am ET. Factory orders and job openings data for July are due to be released at 10:00 am ET before Federal Reserve events later in the day.
Silgan Holdings (SLGN) said Wednesday it intends to issue 600 million euros of senior unsecured notes maturing in 2031. The notes will be backed by Silgan's US subsidiaries, the company said. Net proceeds will be used to repay outstanding revolving loans and for other general corporate purposes, Silgan (SLGN) added. MT Newswires does not provide investment advice.
Wall Street futures pointed moderately higher pre-bell Wednesday ahead of a key labor report and following a court ruling considered favorable to Alphabet, parent of the search-engine giant operator Google (GOOG). In the futures, the S&P 500 rose 0.5%, the Nasdaq inclined 0.7% and the Dow Jones was flat.
Societe Generale in its early Wednesday economic news summary pointed out: -- Dust settles in European bond markets at open, Bund opens flat at 2.785% ahead of a five billion euro 10-year supply. -- Australia's Q2 GDP growth 0.6% quarter over quarter, up from revised 0.3% quarter over quarter and 1.4% year over year in 1Q.
Commvault Systems (CVLT) said late Tuesday it priced a $785 million private offering of 0% convertible senior notes due Sept. 15, 2030, for about $767.3 million in expected net proceeds. The offering was upsized from a previously planned $750 million. The company said the initial purchasers have an option to buy up to an additional $115 million of the notes.
Royalty Pharma (RPRX) said late Tuesday it has priced an offering of $2 billion worth of senior unsecured notes. The offering is comprised of $600 million of 4.450% notes due 2031, $900 million of 5.200% notes due 2035, and $500 million of 5.950% notes due 2055, the company said. The offering is expected to close on Sept. 16.
Spot gold prices touched a new all-time high on Tuesday, at $3,546.99 per ounce, surging past its prior record high of $3,500 in April this year. GLD stock is at important technical levels. Earlier this week, it was reported that for the first time in nearly three decades, Central Banks worldwide own more gold than U.S. Treasuries.
Federal Reserve Governor Lisa Cook on Tuesday pushed back against President Donald Trump's effort to remove her from office, arguing in a court filing that the mortgage-related allegations at the center of the controversy were already disclosed during her confirmation process.
Image: Tetra Consultants Appoints Lester Mok as Managing Director in Singapore, Signaling Global Growth Ambitions Photo Courtesy of: Lester Mok Tetra Consultants, a Singapore-headquartered management consulting firm specializing in international business expansion, financial licensing, regulatory compliance, and accounting and tax services in over 50 countries, has announced the appointment of...
Royalty Pharma plc (RPRX) announced today that it has priced an offering of $2.0 billion of senior unsecured notes, comprised of the following: The Notes will be guaranteed on a senior unsecured basis by Royalty Pharma Holdings Ltd and Royalty Pharma Manager, LLC. Royalty Pharma (RPRX) intends to use the net proceeds from the Notes for general corporate purposes.
Dream Finders Homes (DFH) said late Tuesday it priced a private offering of $300 million of 6.875% senior unsecured notes due 2030. The company expects net proceeds of about $295 million, which will be used to repay a portion of borrowings under its existing revolving credit facility and for general corporate purposes. The offering is expected to close on Friday, the company said.
Kodiak Gas Services (KGS) said late Tuesday that a subsidiary has priced a private offering of $600 million of 6.500% senior unsecured notes due 2033 and another $600 million of 6.750% senior unsecured notes due 2035 at par. Net proceeds will be used to repay a portion of debt under its asset-based loan credit facility, the company said. MT Newswires does not provide investment advice.
FOR IMMEDIATE RELEASE:??The Las Vegas Global Economic Alliance, Southern Nevada?s leading economic development organization, has attracted top talent over the past quarter, adding four new professionals to its leadership team.
SoFi Technologies Inc (SOFI) shares are trading lower on Tuesday afternoon amid overall market weakness. SOFI shares are experiencing downward pressure.?See how it is currently doing here. What To Know: The yield on the benchmark 10-year U.S. Treasury note continued its ascent to around the 4.3% level, a key factor weighing on equities.
Circle Internet Group Inc (CRCL) shares are trading sharply lower on Tuesday afternoon, caught in a broader market downturn fueled by a rise in Treasury yields. See how CRCL stock is doing here.
US equity indexes declined ahead of the close on Tuesday, following gains in government bond yields, gold, and the dollar. The Nasdaq Composite slumped 0.9% to 21,256.1, with the S&P 500 down 0.8% to 6,407.3, and the Dow Jones Industrial Average 0.7% lower at 45,246.5. All sectors except energy, consumer staples and health care fell intraday, with real estate and industrials leading the decliners.
Financial stocks dropped in late Tuesday afternoon trading with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund declining 1.1%. The Philadelphia Housing Index shed 0.9%, and the Real Estate Select Sector SPDR Fund slumped 2%. Bitcoin rose 1.4% to $110,809, and the yield for 10-year US Treasuries gained 5 basis points to 4.28%. In economic news, the US will appeal...
Financial stocks were retreating in late Tuesday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund declining 1.1%. The Philadelphia Housing Index was down 0.9%, and the Real Estate Select Sector SPDR Fund was shedding 2%. Bitcoin was increasing 1.4% to $110,809, and the yield for 10-year US Treasuries rose 5 basis points to 4.28%. In economi...
U.S. manufacturing contracted for a sixth consecutive month in August, with the ISM manufacturing purchasing managers index easing back to 48.7 from 48.0 in July, indicating continued weakness in traditional industrial activity. Tariffs and sluggish demand continue to weigh on output, pressuring employment and production.
A federal judge in New York dismissed on Tuesday an antitrust lawsuit that accused 10 large financial institutions of "unlawfully restraining the secondary corporate bond market." Bank of America (BAC), JPMorgan Chase (JPM), Barclays (BCS), Credit Suisse, which is now part of UBS, Deutsche Bank (DB), Goldman Sachs (GS), Morgan Stanley (MS), NatWest (NWG), Wells Fargo (WFC) and Citigroup (C) were all named as defendants in the case.
Aleon Metals, along with its subsidiaries, which sold more than $300 million of tax-exempt revenue bonds since 2019, filed Chapter 11 bankruptcies in August.
Amazon.com Inc (AMZN) stock is down Tuesday afternoon amid overall market weakness. What To Know: The sell-off in growth sectors is directly linked to the ascent of the 10-year Treasury yield, which climbed to 4.29%. For companies like Amazon (AMZN), which are valued based on the promise of robust future earnings, higher yields on government bonds present a significant headwind.
Financial stocks were retreating in Tuesday afternoon trading, with the NYSE Financial Index falling 1.4% and the Financial Select Sector SPDR Fund declining 1.2%. The Philadelphia Housing Index was down 0.9%, and the Real Estate Select Sector SPDR Fund was shedding 1.5%. Bitcoin was increasing 1.3% to $110,721, and the yield for 10-year US Treasuries rose 6 basis points to 4.29%. In economic n...
"Another set of eyes helps improve the deal for everybody, including the borrower, because the borrower is going to want a successful venture too," said John Miller, head and chief investment officer of First Eagle's municipal credit team.
Shares of Quantum Computing Inc (QUBT) are caught in a broader market selloff Tuesday as rising U.S. Treasury yields spook investors away from growth sectors. The benchmark 10-year Treasury note climbed to 4.293% Tuesday morning, pulling capital away from growth sectors.
Shares of AI infrastructure provider CoreWeave Inc (CRWV) are trading lower Tuesday, caught in a broader market downdraft affecting high-growth technology stocks. What To Know: The pressure appears linked to rising long-term interest rates, with the 10-year Treasury yield climbing to 4.29%, making future earnings for high-P/E companies seem less attractive to investors.
Two surveys released Tuesday painted a mixed picture of the US manufacturing sector for August, with Institute for Supply Management data showing continued contraction and an S&P Global (SPGI) report pointing to a rebound to expansion. The ISM purchasing managers' index improved to 48.7 last month from 48 in July, but marked a sixth straight contraction.
US equity indexes headed lower after midday on Tuesday amid a sharp move higher in government bond yields, gold futures, and the dollar. The Nasdaq Composite slumped 1.6% to 21,117.3, with the S&P 500 down 1.3% to 6,378.4, and the Dow Jones Industrial Average 1% lower at 45,103.8. All sectors except energy fell intraday, with technology, real estate and industrials leading the decliners.
Super Micro Computer Inc (SMCI) shares are trading lower Tuesday, caught in a downdraft affecting the broader semiconductor and high-growth technology sectors. What To Know: The surge in long-term interest rates, with the 10-year Treasury note yielding 4.29%, has made investors reassess the high valuations of growth-oriented companies.
Financial stocks were retreating in Tuesday afternoon trading, with the NYSE Financial Index falling 1.4% and the Financial Select Sector SPDR Fund dropping 1.2%. The Philadelphia Housing Index was down 0.9%, and the Real Estate Select Sector SPDR Fund was shedding 1.5%. Bitcoin was increasing 1.3% to $110,721, and the yield for 10-year US Treasuries rose 6 basis points to 4.29%. In corporate n...
Special budget sessions, falling tax revenues and provisions in the One Big Beautiful Bill Act are combining with tariffs and cuts to the federal workforce to create headaches for the states.
The Canadian economy performed much weaker than expected in Q2 as real gross domestic product contracted at a 1.6% annual rate, which was more than double the 0.7% consensus view, said Rosenberg Research after Friday's data. This was the first decline since Q3 2023, and the steepest drop since Q2 2020, noted Rosenberg Research.
Canada's manufacturing economy continued to struggle in the face of tariffs and uncertainty in August, although, somewhat positively, to a noticeably lesser degree than earlier in the year, said Paul Smith, economics director at S&P Global Market Intelligence.
NVIDIA Corp (NVDA) stock is trading lower Tuesday, caught in a broader tech sell-off as rising long-term interest rates spook investors. What To Know: The chipmaker's shares are lower in Tuesday trading as the 10-year Treasury yield climbed to 4.29%, creating pressure on high-growth, high P/E stocks.
Canada will publish its international merchandise trade figure for July on Thursday, at 8:30 a.m. ET, noted RBC. The Canadian trade deficit likely narrowed in July from elevated levels in Q2, including a record large deficit in April as United States imports plunged after a surge to build inventories ahead of tariffs in Q1, said the bank.
The Institute for Supply Management's US manufacturing index rose to 48.7 in August from 48.0 in July, compared with expectations for a 49.0 reading in a survey compiled by Bloomberg as of 7:35 am ET. There were increases in the readings for new orders and employment but declines for production and prices.
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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