US private-sector output growth hit a three-month low in September amid softening demand, though selling prices rose at the slowest pace since April, according to S&P Global's (SPGI) flash purchasing managers' index released Tuesday. The composite output index fell to 53.6 this month from 54.6 in August, compared with a 54 reading in a survey compiled by Bloomberg.
Markets will have to decide if, as Morgan Stanley thinks, the Bank of Canada will lead developed market central banks down a more dovish path. The BoC caught the bank's attention with an economy that has shed 100,000 jobs in two months and looks like a harbinger of trade disruptions. MT Newswires does not provide investment advice.
Nigeria's central bank Tuesday said its Monetary Policy Committee decided to reduce the Monetary Policy Rate by 50bps to 27.0%. MT Newswires does not provide investment advice.
The Organization for Economic Co-operation and Development, or OECD, raised its global and US economic growth forecasts for 2025, saying the macro landscape benefited from front-loading ahead of higher tariffs. The OECD now expects world gross domestic product to grow by 3.2% this year, up from its June projection of 2.9%, but a drop from last year's 3.3% rate.
Morocco's central bank Tuesday said its Board decided to maintain the key interest rate unchanged at 2.25%. According to BKAM projections, inflation is expected at 1% this year, remaining virtually unchanged compared with 2024, before accelerating to 1.9% in 2026.
Royal Bank of Canada (RY) has outperformed the market over the past 5 years by 1.01% on an annualized basis producing an average annual return of 15.82%. Currently, Royal Bank of Canada (RY) has a market capitalization of $209.57 billion. Buying $1000 In RY: If an investor had bought $1000 of RY stock 5 years ago, it would be worth $2,108.89 today based on a price of $148.60 for RY at the time of writing.
Morgan Stanley noted that the Czech central bank will publish its policy statement on Wednesday. The bank sees the CNB remaining on hold and continuing to guide to unchanged rates. MT Newswires does not provide investment advice.
Hungary's central bank on Tuesday said the Monetary Council left the key base rate at 6.50%, a move expected by the majority of economists. MNB noted in its policy statement that the Monetary Council also kept the o/n deposit rate at 5.50% and the o/n collateralized lending rate at 7.50%. MT Newswires does not provide investment advice.
Greystone, a leading national commercial real estate finance company, has provided $46,972,000 in Freddie Mac financing to refinance a two-property multifamily portfolio totaling 674 units in Houston, Texas.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Tuesday that she was "pleased" with the Federal Open Market Committee's decision to lower its target rate at its meeting last week but added that it is only a first step and that a faster pace of reduction may be needed.
The US Q2 current account deficit narrowed to $251.31 billion from $439.82 billion in the previous quarter, compared with expectations for a $256.6 billion deficit from a survey compiled by Bloomberg as of 7:40 am ET. The narrower current account deficit reflected a much smaller goods and services gap, partially offset by wider primary income and secondary income gaps.
The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic data releases and appearances by Federal Reserve officials, particularly Fed Chairman Jerome Powell.
Crane NXT, Co. (CXT), a premier industrial technology company, today announced it expects its U.S. Currency business to grow in the high-single-digits in 2026 based on the Federal Reserve Board?s recently published 2026 print order.
US equity futures were mostly trending downwards on Tuesday as investors await commentary from Federal Reserve Chair Jerome Powell. The S&P 500 edged down 0.1% and the Nasdaq was slightly in the red in premarket activity, while the Dow Jones Industrial Average was marginally in the green.
Wall Street futures pointed sideways pre-bell Tuesday, as traders weighed broad equity indices again at record zeniths, and awaited fresh economic data and a presentation from the Federal Reserve Chair. In the futures, the S&P 500 fell 0.1%, while the Nasdaq and the Dow Jones were steady.
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.
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.
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