Commerzbank in its "European Sunrise" note of Monday highlighted: Markets: United States Treasury yields open close to Friday's highs, Bund and OAT futures extend sell-off. Fed: Federal Reserve Governor Stephen Miran says that disinflationary forces are "coming into play" and bring inflation down in the near-term.
Societe Generale in its early Monday economic news summary pointed out: -- US dollar, Unite States Treasury yields extend rebound post-FOMC/jobless claims, 10-year up to 4.145%, 2s/10s steepens to 56bps. -- Italy: Fitch raised rating to BBB+ from BBB, outlook stable from positive.
In 2025, the rising unemployment rate among Americans under 25, specifically recent graduates, has become a significant economic concern. Federal Reserve Chair?Jerome Powell?is worried about the current labor market. Powell underscored the low job finding rate and redundancy rate, signifying a ?low firing, low hiring environment.
US investors are steadfastly holding a record $7.7 trillion in money-market funds, with no immediate intentions of shifting the funds elsewhere. Assets in money-market funds hit a record high last week. The influx into money-market funds began in 2022 when the Federal Reserve implemented a series of rate increases.
Today's college graduates are walking into a job market that looks nothing like the one their older siblings entered, with artificial intelligence now taking over tasks that once formed the core of entry-level employment. The New York Federal Reserve reports that the unemployment rate for college graduates aged 22 to 27 hit 4.8% in June 2025.
American Axle & Manufacturing (AXL) said its subsidiary priced an upsized debt offering of $2.1 billion. The offering consists of $850 million of 6.375% senior secured notes due 2032 and $1.25 billion of 7.75% senior unsecured notes due 2033, the company said Friday in a statement.
"A lawsuit like this is probably critical for any future settlements or agreements, because it will (maybe) determine up front if the incoming [board] members, and thus whatever agreements they sign, are valid or not," said Matt Fabian, a partner at Municipal Market Analytics.
* US equity indexes rose this week after the Federal Reserve cut its target interest rate range by 25 basis points to 4% to 4.25%, and hinted at two more rate reductions in 2025. * The S&P 500 closed at 6,664.36 on Friday versus 6,584.29 a week ago, and the Nasdaq Composite stood at 22,631.47 compared with 22,111.10 a week earlier.
For the 24th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. Nominations close on Tuesday, October 14.
For the 24th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. The final deadline for nominations is Friday, October 17.
Fed Governor Stephen Miran said in an interview with CNBC that he does not see a large impact on inflation from the Trump Administration's tariffs and emphasized the slowing of the job market as a reason to cut interest rates rapidly. Miran said that in a speech on Sept. 22, he will explain his reasons for his dissent at the September FOMC meeting for a 50-basis point rate cut.
President Donald Trump may be celebrating his long-awaited victory over the Federal Reserve's rate policy, but underneath the surface, inflationary pressures remain dangerously persistent. Earlier this week, the Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 4.00%-4.25%, meeting widespread expectations.
In Canada, Avery Shenfeld noted, the plunge in Q2 GDP was exacerbated by the fact that exporters rushed goods to the U.S. market in Q1 to beat a feared across the board tariff. (Also on the CIBC calendar for next week are August Industrial Product Prices and Raw Materials on Monday. Price: 112.26, Change: +1.30, Percent Change: +1.17. MT Newswires does not provide investment advice.
Financial stocks edged higher in Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each gaining 0.2%. The Philadelphia Housing Index fell 1.2%, and the Real Estate Select Sector SPDR Fund advanced 0.1%. Bitcoin fell 1% to $115,930, and the yield for 10-year US Treasuries rose 3 basis points to 4.13%. In regulatory news, the US Securities and Exchan...
Financial stocks were edging higher in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each up about 0.1%. The Philadelphia Housing Index was shedding 1.3%, and the Real Estate Select Sector SPDR Fund was easing 0.1%. Bitcoin was declining 1% to $115,930, and the yield for 10-year US Treasuries was rising 3 basis points to 4.13%. In corporate ne...
22nd Century Group, Inc. (XXII) shares are trading higher Friday after the company announced it repaid the remaining $3.9 million of its senior unsecured notes. What To Know: The company said repayment of the debt lowers ongoing cash needs and operating costs by eliminating cash interest and amortization expense.
National Bank of Canada Thursday kept Capstone Copper's outperform rating and $9.75 price target. Capstone announced that sulfide copper production at the Mantoverde mine in Chile has returned to full operating rates following a disruption due to a motor failure in the ball mill.
State-level data released by the Bureau of Labor Statistics Friday showed the unemployment rate rose in three states in August, fell in two and held steady elsewhere.
With the latest retail sales figures, Desjardins continues to expect "modest" GDP growth in the third quarter, Tiago Figueiredo said Friday. Over at CIBC, Katherine Judge also said Friday's retail sales data supports the need for another BoC rate cut in October, after the central bank as expected reduced the policy rate by 25 basis points to 2.5% just two days ago.
Over at CIBC, Katherine Judge said Friday's retail sales data is supports the need for another Bank of Canada rate cut in October, after the central bank as expected reduced the policy rate by 25 basis points to 2.5% just two days ago. Judge noted Canadian retail sales continued to seesaw in July, with the 0.8% drop in sales erasing half of the prior month's gain.
Over at CIBC, Katherine Judge said Friday's retail sales data is supports the need for another Bank of Canada rate cut in October, after the central bank as expected reduced the policy rate by 25 basis points to 4.5% just two days ago. Judge noted Canadian retail sales continued to seesaw in July, with the 0.8% drop in sales erasing half of the prior month's gain.
Canada will release the retail sales for data for July and give an advance estimate for August at 8:30 a.m. ET on Friday, said Scotiabank. Canadian retail sales are expected to be weak after the prior month's surge, but with minimal effect on July gross domestic product due out next week, along with the August GDP flash, noted the bank.
UBS no longer expects the Bank of England to cut rates in November and now predicts the Monetary Policy Committee will hold steady for the rest of the year, with the next cut coming in February 2026.
Crude oil prices slid on Friday amid concerns about U.S. demand, with energy agencies signaling weakness, amid a looming oversupply situation. Brent crude at last look fell 0.6% to US$67.06/barrel and West Texas Intermediate crude lost 0.8% to US$63.04/b. This comes even as the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, which could boost oil demand.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the ?Greed? zone on Thursday. U.S. stocks settled higher on Thursday, with the Nasdaq Composite gaining more than 200 points, a day after the Federal Reserve cut rates by 25 basis points and signaled more easing ahead. Tech stocks led the charge.
With the Federal Reserve?s recent decision to cut its benchmark rate by 25 basis points to 4-4.25%, marking its first reduction of 2025, Americans are bracing for immediate changes to credit card, auto loan, and personal loan rates. How the Federal Reserve Shapes Consumer Loan Rates? The Fed?s rate decisions serve as the benchmark for many consumer lending products.
Kodiak Gas Services (KGS) said late Thursday a subsidiary has priced its private offering of an additional $170 million of 6.500% senior unsecured notes due 2033 and an additional $30 million of 6.750% of senior unsecured notes due 2035. Proceeds will be used to repay a part of its debt, the company said. MT Newswires does not provide investment advice.
Wall Street's main equity indexes notched fresh all-time highs on Thursday in a technology-led advance powered by Intel (INTC) and Nvidia (NVDA), a day after the Federal Reserve signaled further cuts in interest rates later this year.
Ferguson Enterprises (FERG) said late Thursday it priced a $750 million public offering of 4.35% senior unsecured notes due 2031. Net proceeds will be used for general corporate purposes, according to the company. The offering is expected to be completed on Sept. 22, subject to closing conditions, the company said. MT Newswires does not provide investment advice.
US equity indexes ended higher on Thursday after a lower-than-expected jobless claims report and the Fed's forecast of two more hikes this year. * US initial jobless claims fell by 33,000 to 231,000 in the week ended Sept. 13, reversing a 28,000 increase to 264,000 in the prior week.
US equity indexes were higher Thursday on better-than-expected initial jobless claims and manufacturing industry reports. The Nasdaq Composite gained 0.94% to 22,470.7, the S&P 500 rose 0.48% to 6,631.9, and the Dow Jones Industrial Average was 0.27% higher at 46,142.1, with each index touching new record highs earlier in the session.
Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising about 0.2%. The Philadelphia Housing Index increased 0.9%, and the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin climbed 1.1% to $117,794, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.10%. In economic news, US initia...
US equity indexes were higher ahead of the close on Thursday after US initial jobless claims for the week ended Sept. 13 fell by 33,000 to 231,000 from 264,000 in the week prior, and lower than consensus expectations of 241,000.
While the Federal Reserve made waves yesterday for finally cutting the benchmark interest rate by 25 basis points, many experts are worried about potential stagflation risks. However, the technology ecosystem has apparently not received the memo, with individual players like SoundHound AI Inc (SOUN) posting strong performances recently.
Initial jobless claims last week decreased by 33,000 to 231,000, more than reversing a large increase in the previous week and lowering the four-week moving average by 750 to 240,000. Natural gas stocks rose by 90 billion cubic feet to 3.433 trillion in the week ended Friday, down 0.1% from a year earlier and 6.3% above the five-year seasonal average.
Financial stocks advanced in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each rising 0.2%. The Philadelphia Housing Index increased 0.9%, and the Real Estate Select Sector SPDR Fund added 0.2%. Bitcoin climbed 1.1% to $117,794, and the yield for 10-year US Treasuries rose2.8 basis points to 4.10%. In economic news, US initial jobless c...
Backers of a voter-approved public safety funding proposition that led to a negative rating outlook by Moody's said the budget fails to comply with the measure.
Gold futures fell for a second day midafternoon on Thursday as traders again take profits following Tuesday's record high even as the Federal Reserve cut interest rates for the first time this year and indicated more cuts are coming.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index was increasing 0.9%, and the Real Estate Select Sector SPDR Fund was up 0.2%. Bitcoin was increasing 1.4% to $117,483, and the yield for 10-year US Treasuries rose 2.5 basis points to 4.10%. In economic news, U...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was increasing 0.9%, and the Real Estate Select Sector SPDR Fund was up 0.4%. Bitcoin was increasing 1.4% to $117,591, and the yield for 10-year US Treasuries rose 3 basis points to 4.10%. In economic news, US ...
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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