Asian stock markets were uneven on Tuesday, with Hong Kong and Shanghai falling back on after a central bank official did not indicate monetary easing was on deck, while Seoul and Taiwan struck fresh record all-time highs on the global tech rally. Tokyo was closed on holiday, while other regional exchanges were mixed.
Hungary's central bank is expected to leave rates at 6.50% on Tuesday and present a new forecast, said ING. Forward guidance should remain hawkish and the bank is unlikely to see much change here.
Canadian real construction spending climbed 5.9% year over year in July on a non-seasonally adjusted basis, driven by a 9.3% rise in residential building and a 5.2% increase in institutional and government projects, Bank of Montreal said. The overall advance masked a 4.8% drop in commercial construction and a 7.1% decline in industrial spending, the bank noted.
Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar mixed, United States Treasury yields extend rebound, 2s up against 3.60% trendline, break opens 3.70%, 2s/10s flattens to 54bps. -- Fed speakers sow doubts over two additional cuts this year, citing inflation. -- Day ahead: Federal Reserve Chair Powell speaks on the economic outlook, Sweden's Riksbank cuts 25bps.
Weatherford International (WFRD) said Monday its subsidiary has priced $1.2 billion in 6.75% senior notes due 2033, doubling the size from the originally planned $600 million.
Royal Caribbean Group said Monday it priced a $1.5 billion offering of 5.375% senior unsecured notes maturing Jan. 15, 2036. The notes are set to be issued Oct. 1, subject to customary closing conditions, and the net proceeds will fund the delivery of Celebrity Xcel in place of drawing on an export credit facility, the company said.
Starwood Property Trust (STWD) said late Monday it priced a private offering of $500 million worth of 5.250% unsecured senior notes due 2028 at 100% of principal. The offering is expected to settle on Oct. 6. The company plans to allocate an amount equivalent to the net proceeds from the offering to finance eligible green and social projects, it said. MT Newswires does not provide investment advice.
In his first public speech as a member of the Federal Reserve Board, Stephen Miran dissented sharply with his colleagues, calling for aggressive interest rate cuts and warning that current monetary policy is "very restrictive".
Weatherford International plc (WFRD) today announced that Moody?s Investor Services, S&P Global Ratings, and Fitch Ratings have recently upgraded the Company?s ratings, underscoring the progress Weatherford has made in strengthening its financial profile, operational performance, and balance sheet flexibility.
AMN Healthcare Services (AMN) said late Monday a subsidiary has priced a $400 million private offering of 6.50% senior unsecured notes due 2031 at par of their face value. AMN said it plans to use the proceeds to help redeem all of the $500.0 million of 4.625% senior unsecured notes due 2027 outstanding. MT Newswires does not provide investment advice.
MURFREESBORO, TN / ACCESS Newswire (ACCS) / September 22, 2025 / National Health Investors, Inc. (NHI) announced today that it priced an offering of $350 million aggregate principal amount of 5.350% Senior Notes due 2033.
AMN Healthcare Services, Inc. (AMN), announced today that its wholly owned subsidiary, AMN Healthcare, Inc., priced its previously announced private offering of $400.0 million aggregate principal amount of senior unsecured notes due 2031.
The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps.?
"On a month-to-date basis, AAA munis have outperformed Treasuries across the entire curve. ? This outperformance can be attributable to an improvement in market technicals," said Daryl Clements, a portfolio manager at AllianceBernstein.
Crown said late Monday it has priced 500 million euros of 3.750% senior unsecured notes due 2031 at par through its unit Crown European Holdings. The company said it plans to use the proceeds, along with cash on hand, to redeem its outstanding 2.875% senior notes due February 2026 and cover related expenses. MT Newswires does not provide investment advice.
Financial stocks edged lower in late Monday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund down 0.2%. The Philadelphia Housing Index fell 1.4%, while the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin declined 2.3% to $112,653, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, Apollo Global Man...
Newly appointed Federal Reserve Governor Stephen Miran said Monday that the central bank's policy rate should be two percentage points lower than where it currently is, while St. Louis Fed President Alberto Musalem cautioned against further rate cuts.
A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund down 0.2%. The Philadelphia Housing Index dropped 1.4%, and the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin declined 2.3% to $112,653, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, Apollo Global Management...
The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.
US benchmark equity indexes rose intraday, following record-high closings in the previous session, as markets evaluated the latest remarks by two Federal Reserve officials. The Nasdaq Composite was up 0.6% at 22,758.2 after midday Monday, while the S&P 500 rose 0.4% to 6,690.1. The Dow Jones Industrial Average was 0.2% higher at 46,402.
Fed Governor Stephen Miran said that when non-monetary factors such as reduced immigration and Trump administration trade policies are taken into consideration, monetary policy models suggest that the federal funds rate should be in the mid-2% range rather than the current 4.00% to 4.25% range, and that the discrepancy poses a danger to labor market conditions.
Financial stocks fell in Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund dropping 0.2%. The Philadelphia Housing Index dropped 1.5%, and the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin declined 2.5% to $112,416, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, Brighthouse Financial (BHF) sto...
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund off 0.3%. The Philadelphia Housing Index was falling 1.5%, and the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin was declining 2.5% to $112,416, and the yield for 10-year US Treasuries was slightly lower at nearly 4.14%. In corporate news, Br...
Do?a Ana County taxable industrial revenue bonds, which will be sold to participants in the project, will enable the project to access a variety of tax breaks.
When factors such as immigration are taken into consideration, the federal funds rate should be below 3% today rather than in the current range of 4.00% to 4.25% set at the Federal Open Market Committee last week, Federal Reserve Governor Stephen Miran said Monday in his first speech in his new position.
The US dollar has continued to strengthen modestly at the start of this week, building on gains following last week's FOMC meeting, said MUFG. It has helped to lift USD/JPY back closer to resistance provided by the 200-day moving average at around 148.60, wrote the bank in a note to clients.
The Toronto Stock Exchange is up near 140 points at midday, to a new all-time high, with energy, up 1.4%, the biggest gainer, followed by utilities, up 0.8%. The Federal Reserve and Bank of Canada last week both reduced policy rates by 25 bps and were cautious concerning follow-up cuts. Later this week, the marquee data release is GDP for July, due Friday.
European stock markets opened the week mixed in Monday trading as the Stoxx Europe 600 edged 0.13% lower, Germany's DAX declined 0.48%, the FTSE 100 gained 0.11%, France's CAC was off 0.3%, and the Swiss Market Index increased 0.14%. The European Commission's Economic Sentiment Indicator for September rose 0.5 percentage points and 0.6 points in the EU and euro area, respectively, according to ...
The Canadian dollar has been lagging other G10 currencies in part due to weaker domestic jobs data, which has translated into the Bank of Canada resuming rate cuts, said UBS. Meanwhile, currency hedging flows have quieted down after at least one pension fund rushed to reduce its US dollar exposure in H1, wrote the bank in a note to clients.
Mexico's central bank weighs in with a policy decision on Thursday, said Scotiabank. A Reuters survey showed economists unanimously expecting a 25bps rate cut to 7.5%, noted the bank.
With the current policy stance only modestly restrictive, there may not be significant room for further rate reductions, St. Louis Federal Reserve Bank President Alberto Musalem said Monday at Hutchins Center on Fiscal & Monetary Policy at Brookings. Musalem is a voter on the Federal Open Market Committee in 2025.
Canada's economic picture will come into sharper focus Friday when a pair of monthly gross domestic product reports provide a clearer view of third-quarter growth, Scotiabank said. The update follows a mixed second quarter in which GDP contracted because of trade and inventory effects even as domestic activity strengthened on robust consumer spending, the bank. noted.
Freddie Mac today announced that Matthew D. Abrusci has joined the company as EVP, General Counsel and Corporate Secretary, effective today. ?Matthew Abrusci brings deep experience across the legal spectrum, and I have no doubt he will quickly become a valued member of Freddie Mac?s executive team,? said Mike Hutchins, president and interim CEO of Freddie Mac.
The Swiss central bank is forecast to keep rates at 0% on Thursday, said Societe Generale. EUR/CHF trades largely flat since May, but the action is concentrated in USD/CHF after the pair sank below 0.79 last week, down 15% since February and the lowest level since 2015, wrote the bank in a note to clients.
Bank of Canada Governor Tiff Macklem speaks Tuesday on 'global trade and capital flows,' noted Scotiabank. The speech embargo lifts at 2:15 p.m. ET and there will be a press conference at around 3:45 p.m. ET on Tuesday following the speech delivery and audience question-and-answer session, said the bank.
As investors look for alternatives to traditional assets, bitcoin could evolve from a speculative bet into a legitimate pillar of the global financial system, the bank said.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $59 million offering from Ocean, N.J., records a Flood Score of 5.0 out of 5.0, ICE reports.
Royal Caribbean Group said Monday that it has started a registered public offering of senior unsecured notes. The company said it plans to use the net proceeds to fund the upcoming delivery of the "Celebrity Xcel" cruise ship rather than using its existing committed export credit agency facility.
Rosenberg Research says last Wednesday's Bank of Canada rate cut could hardly have been better timed, coming two days before a "woeful" July retail sales report. Headline sales fell 0.8% month over month as expected, but the ex-auto category dropped 1.2%, double the consensus call for a 0.6% decline.
Starwood Property Trust (STWD) said Monday that it will sell $500 million worth of unsecured senior notes due in 2028 through a private offering. The company said it will allocate an amount equal to the net proceeds to finance or refinance eligible green and social projects.
AMN Healthcare Services, Inc. (AMN), announced today that its wholly owned subsidiary, AMN Healthcare, Inc., intends to make a private offering of $400.0 million aggregate principal amount of senior unsecured notes due 2031, subject to market and other conditions.
International Petroleum (IPCFF), a global oil and gas exploration and production company, made news twice Monday as it plans fixed-income investor meetings for a potential rated senior unsecured bond issue to refinance its existing bond and reports the results of its normal course issuer bid.
The US dollar fell against its major trading partners early Monday, except for a gain versus the Canadian dollar, ahead of a busy week of economic data and a return of Federal Reserve officials to the speaking circuit, including Fed Chairman Jerome Powell on Tuesday.
Last week was a busy one with updates on inflation and retail sales, along with rate cuts from the Bank of Canada and the U.S. Federal Reserve, said TD. For Canada, this left the 10-year bond yield basically unchanged from the start of the week, and the TSX hovering near its record high. The story starts with inflation, noted the bank.
US equity investors will focus primarily on the Federal Reserve's preferred inflation gauge, quarterly economic growth data, and speeches from key central bank officials this week. * The highlight this week is the Fed's preferred inflation measure, the personal consumption expenditures, or PCE, price index slated for Friday.
Canada's July gross domestic product data due Friday will be in focus as early readings suggest the Q2 contraction was not repeated in Q3, RBC said. The bank expects GDP to rise 0.2% from June, topping Statistics Canada's preliminary 0.1% estimate and marking a rebound after three straight monthly declines.
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.
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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