Raymond James Financial, Inc. (RJF) today announced the pricing of a registered underwritten public offering of $650,000,000 aggregate principal amount of 4.900% senior notes due 2035 and $850,000,000 aggregate principal amount of 5.650% senior notes due 2055. The Notes are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.
Chimera Investment (CIM/PA) said late Tuesday it priced a $115 million public offering of 8.875% senior notes due 2030. The company granted underwriters a 30-day overallotment option to buy up to an additional $17.3 million of the notes, according to the company. Net proceeds will be used to fund the acquisition of mortgage assets and for general corporate purposes.
Kayne Anderson BDC (KBDC) said late Tuesday it closed an offering of $200 million of senior unsecured notes. The placement comprised $40 million of floating rate series C 2028 notes with a rate of secured overnight financing rate plus 2.32%, $60 million of 5.80% series D notes due 2028, and $100 million of 6.15% series E notes due 2030, according to a statement.
JBT Marel (JBTM) said Tuesday it has closed a $575 million private offering of 0.375% convertible senior notes due 2030, including $75 million of notes issued under the initial purchasers' exercise of an option to buy more notes. The company said it used proceeds to execute convertible note hedge and warrant deals and repay part of the debt under its revolving credit facility.
US equity indexes rose on Tuesday, with all three benchmarks close to their all-time highs, as a downward revision in annual nonfarm payrolls further solidified bets for an interest-rate cut next week.
It's an alarming statistic. At first glance, betting on Wells Fargo (WFC) or its banking ilk may seem woefully irrational. Yes, WFC stock is one of the winners on Tuesday, gaining about 2% in late-afternoon trading.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund climbing 0.5%. The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund shed 0.3%. Bitcoin declined 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 4.07%. In economic news, the Bureau of Labor Sta...
California lawmakers, who announced a deal with Gov. Gavin Newsom in June, say his administration failed to agree on loan terms ahead this week's deadline.
Financial stocks were rising in late Tuesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund ahead 0.5%. The Philadelphia Housing Index was falling 3%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 0.7% to $111,235, and the yield for 10-year US Treasuries rose 3 basis points to 4.07%. In economic news, the...
Gold continued its record run midafternoon on Tuesday, climbing again on expectations the Federal Reserve is likely to begin lowering interest rates as the U.S. economy falters.
Financial stocks were rising in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund ahead 0.4%. The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund was shedding 0.2%. Bitcoin was declining 0.8% to $111,164, and the yield for 10-year US Treasuries was up nearly 3 basis points at 4.07%. In economic new...
Gold prices advanced to a record high on Tuesday amid rising optimism that the Federal Reserve is set to kick off what will likely be a series of interest rate reductions. Gold futures rose 0.2% to $3,683.70 per ounce, having traded above $3,700 earlier in the session.
US equity indexes rose in midday trading Tuesday as a downward revision in annual nonfarm payrolls lifted bets for interest rate cuts. The Nasdaq Composite rose 0.2% to 21,830.4, with the S&P 500 also up 0.2% to 6,506.4 and the Dow Jones Industrial Average 0.4% higher at 45,712.7. Energy and communication services were among the top gainers intraday.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund ahead 0.3%. The Philadelphia Housing Index was falling 3.3%, and the Real Estate Select Sector SPDR Fund was shedding 0.5%. Bitcoin was declining 0.8% to $111,164, and the yield for 10-year US Treasuries was up 3 basis points at 4.08%. In economic news, t...
US equity indexes were mixed in midday trading on Tuesday amid gains in government bond yields following a downward revision in annual nonfarm payrolls.
Societe Generale said it penciled in a 25bps rate cut to 4.50% later Tuesday at Chile's central bank against consensus for no change. BCCh previously indicated that it plans to move the policy rate toward neutral -- around 4% -- in the coming quarters following the July cut, noted the bank. MT Newswires does not provide investment advice.
Russia's central bank is expected to cut again on Friday, said Scotiabank. The CBR has eased from a key rate of 21.0% back in April to 18.0% now amid expectations that another mega cut could be delivered now, noted the bank. The reason is due to inflation falling, with the consumer price index at 'only' 8.8% year over year and core slipping to 8.5%, stated Scotiabank.
Gold continued its record run early on Tuesday, climbing again on expectations the Federal Reserve is likely to begin lowering interest rates as the U.S. economy falters.
Oatly Group AB (OTLY) announced today that it?will participate in a series of investor meetings to pursue the?issuance?of SEK denominated senior secured floating rate bonds, has entered into a commitment letter for a new SEK 750 million super senior revolving credit facility contemplated to become effective following settlement of the Nordic Bonds, and has entered into Convertible Note Repurchase Agre...
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2025?a securitization of approximately $707 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
Caseware?, a global leader in AI-powered, cloud-enabled audit, financial reporting and data analytics solutions, is celebrating a wave of industry recognition, with recent award wins highlighting its leadership in innovation, products and people. August 2025 marked a double triumph for Caseware.
The European Central Bank doesn't need to change its monetary stance at Thursday's policy meeting, said Berenberg. So far this year, the eurozone economy has proved to be more resilient than expected, noted the bank. Thursday's ECB policy meeting is likely to be one of the more uneventful ones, with the deposit rate widely predicted to stay at 2.0%, stated Berenberg.
Dallas Fort Worth International Airport plans to sell $2 billion of revenue bonds this week as it continues financing for a $12 billion capital program.
Wall Street futures pointed modestly higher pre-bell Tuesday, as traders awaited revisions to monthly payroll statistics from Washington, and leaned towards a rate cut from the Federal Reserve this month. In the futures, the S&P 500 rose 0.1%, and the Nasdaq inclined 0.2%, the latter eyeing fresh all-time record highs.
Asian stock markets were choppy on Tuesday, as traders awaited possible interest-rate cuts by major central banks, and weighed values after recent bull moves. Shanghai and Tokyo finished in the red, while Hong Kong gained ground.
Bank of Montreal said Friday Canada's youth unemployment rate fell in August for the first time since February. The jobless rate for those aged 15 to 24 stood at 14.5%, more than twice the national average of 7.1%, the bank said. BMO attributed the elevated youth jobless rate to a surge in the cohort's population in recent years, driven by international students.
Wix.com (WIX) said late Monday it has priced a private offering of $1 billion of zero percent convertible senior notes due 2030 to qualified institutional buyers. The offering was upsized from the initial size of $750 million, and the company said it granted initial purchasers a 13-day option to purchase up to $150 million additional amount of the notes.
Baidu (BIDU) said late Monday it priced an offering of 4.4 billion Chinese renminbi of 1.9% senior unsecured notes due 2029. The notes were offered to non-US persons in offshore transactions. The company expects the offering to close by Sept. 15, with the proceeds to go toward general corporate purposes. MT Newswires does not provide investment advice.
Harrow said late Monday it priced a $250 million private offering of 8.625% senior unsecured notes due in 2030. Harrow said it plans to use the proceeds from the offering, set to close on Friday, to fully repay a $107.5 million loan from Oaktree, redeem certain notes and cover related exit costs. Any remaining funds will go toward general corporate purposes, the company said.
Antero Midstream (AM) said late Monday it has priced at par an upsized private placement of $650 million worth of 5.75% senior unsecured notes due 2033. The offering is expected to close on Sept. 22. Antero Midstream (AM) said it will use estimated net proceeds of $642 million, along with borrowings from its revolving credit facility, to redeem in full its 5.75% senior notes due 2027.
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), announced today that it has priced $1,300.0 million aggregate principal amount of its 0.750% exchangeable senior notes due 2030, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Economist Paul Krugman slammed Treasury Secretary Scott Bessent for his efforts to undermine the independence of the Federal Reserve. In his newsletter on Monday, Krugman accused Bessent of leading a ?vile, underhanded and sleazy? campaign to escalate the administration?s attacks on the central bank.
NEW YORK ? Wix.com Ltd. (WIX), the leading SaaS website builder platform1, today announced the pricing of $1.0 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Harrow?, a leading provider of ophthalmic disease management solutions in North America, today announced the pricing of its private offering of $250.0 million aggregate principal amount of 8.625% senior unsecured notes due 2030. The 2030 Notes will bear interest at the rate of 8.625% per year.
US equity indexes rose at the close on Monday as sliding government bond yields signaled traders are pricing in a September restart of monetary policy easing, betting the Federal Reserve will focus more on weakness in the labor market than on inflation. The Nasdaq Composite was up 0.5% to 21,798.7, after hitting a fresh record of 21,885.6 earlier in the session.
The Nasdaq Composite hit a record high on Monday as Wall Street geared up for August inflation data due later this week, while remaining optimistic that the Federal Reserve will embark on a series of interest rate cuts next week.
Monday's rally is a "continuation of what we are seeing," as the market is actively repositioning where it needs to go, said Alice Cheng, director of municipal credit and investor strategy at Janney.
US equity indexes rose ahead of the close on Monday amid government bond yields extending declines and gold surging to a new all-time high. The Nasdaq Composite was up 0.5% to 21,805.7, after hitting a fresh record of 21,885.62 earlier in the session. Most US Treasury yields retreated, with the 10-year down 4.2 basis points to 4.04%, the lowest since early April.
Financial stocks eased in late Monday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each declining 0.1%. The Philadelphia Housing Index added 0.3%, and the Real Estate Select Sector SPDR Fund fell 1.2%. Bitcoin rose 0.9% to $112,178, and the yield of 10-year US Treasuries shed 4 basis points to 4.05%. In economic news, at its Sept. 17 meeting, the pro...
Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund down 0.1%. The Philadelphia Housing Index was adding 0.3%, and the Real Estate Select Sector SPDR Fund was falling 1.2%. Bitcoin was increasing 0.9% to $112,178, and the yield of 10-year US Treasuries was shedding 4 basis points to 4.05%. In e...
The expectation of finding a new job in the US hit a record low level in August, a survey by the Federal Reserve Bank of New York showed Monday, just days after a soft jobs for last month report stoked fears about a slowing labor market.
Several major cities are staring down budget deficits and credit downgrades as the effects of inflation and OBBBA trickles down while relationships with their states adds complexity.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index fractionally down and the Financial Select Sector SPDR Fund shedding 0.1%. The Philadelphia Housing Index was adding 0.2%, and the Real Estate Select Sector SPDR Fund was falling 1%. Bitcoin was increasing 1.3% to $112,419, and the yield of 10-year US Treasuries was shedding 1.9 basis points to 4.07%. In econ...
The Federal Reserve will likely embark on a series of rate cuts this month, with the central bank unlikely to adopt an aggressive approach to monetary policy easing, Oppenheimer Asset Management said in a Monday note. The US central bank's Federal Open Market Committee is scheduled to review its policy next week, and has two more meetings after that this year.
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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