Federal Reserve liquidity facilities saw much less interest from Wall Street than expected on Tuesday as the third quarter came to a surprisingly quiet close. On Tuesday, money market funds and other eligible firms parked $49.1 billion at the central bank's overnight reverse repo facility.
Joint initiative will create a Business Spend Index Report to provide AI-powered predictions into future business spend and global trade, equipping businesses to build resilience FOSTER CITY, Calif.
The Case-Shiller National Home Price index fell by 0.2% in July before seasonal adjustment following a 0.1% increase in June. National home prices were up 1.7% year-over-year, slower than the 1.9% gain in June and one of the weakest rates in the last 10 years according to S&P. The 10-city index and 20-city index both fell by 0.3% in the month.
The FHFA's measure of home prices fell by 0.1% in July after an unrevised 0.2% decrease in the previous month, less than the 0.2% drop expected in a survey compiled by Bloomberg as of 7:35 am ET. Prices were up 2.3% from a year earlier in July. Home prices declined in five of the nine regions from June, was up in three regions and held steady in one region.
Carnival Corporation (CCL) said Tuesday it has commenced a private offering of new senior unsecured notes worth $1.25 billion, expected to mature in 2029. The cruise company said it intends to use the proceeds, together with cash on hand, to fully redeem its $2 billion 6% senior unsecured notes due 2029. MT Newswires does not provide investment advice.
The euro zone economy is handling U.S. tariffs better than earlier expected, leaving inflation risks "quite contained," European Central Bank President Christine Lagarde said on Tuesday. The ECB has kept interest rates steady since June and signalled that it was in no hurry to adjust policy further as the economy was holding up and inflation was now firmly around its 2% target.
Since spring this year, eurozone inflation has fluctuated closely around the 2.0% year-over-year target, said Berenberg. While inflation has likely increased in September, judging by Tuesday's data from key member states, such a short-term uptick would still be no reason for the European Central Bank to shift its policy stance, in Berenberg's view.
U.S. Federal Reserve vice chair Philip Jefferson, a potentially pivotal figure in President Donald Trump's effort to appoint a majority of the Fed's 7-member Board of Governors, said on Tuesday he has not yet considered whether to keep his board seat after his vice chair term ends in September 2027.
MIAMI, Sept. 30, 2025 Carnival Corporation (CCL) & plc today announced that Carnival Corporation (CCL) commenced a private offering of new senior unsecured notes in an aggregate principal amount of $1.25 billion, expected to mature in 2029. This press release does not constitute a notice of redemption with respect to the 2029 Unsecured Notes.
Chile's unemployment rate hit 8.6% in the quarter through August, government statistics agency INE said on Tuesday. Economists polled by Reuters expected it to come in at 8.7%.
Prospera Funds Inc., a newly formed asset management firm founded by veteran industry executive Michael Pierce, proudly announces the launch of its first ETF, Prospera Income ETF . The Prospera Income ETF aims to deliver attractive, consistent monthly distributions 3-4% above the 10-year U.S. Treasury yield.
A hold would surprise markets more than economists when the Reserve Bank of India offers its latest decision on Wednesday, said Scotiabank. Markets are roughly 80% priced for a cut, but the majority of economists lean toward a hold, noted the bank. The RBI has the cover to cut, given that inflation remains low at close to 2% year over year, pointed out Scotiabank.
Brazil's public sector gross debt stood at 77.5% of gross domestic product in August, central bank data showed on Tuesday, unchanged from the previous month, while economists polled by Reuters expected it to rise to 78% of GDP. The public sector recorded a primary deficit of 17.255 billion reais for the month, narrower than the 21 billion real shortfall forecast in the poll.
The US dollar fell against its major trading partners early Tuesday, except for a gain versus the Canadian dollar, before a busy schedule of economic data releases, starting with weekly Redbook same-store sales at 8:55 am ET. Home price data for July follows at 9:00 am ET and the Chicago purchasing managers' index for September is due to be released at 9:45 am ET.
-Oil prices are expected to hold almost steady this year despite mounting supply from both OPEC+ and non-OPEC producers, with concerns about a potential glut tempered by uncertainty over Russian output, a Reuters poll showed on Tuesday.
Several key economic data releases would be halted in case of a partial government shutdown, news outlets reported Monday, citing the US Labor and Commerce departments. This includes the highly anticipated September nonfarm payrolls report, which is currently scheduled for a Friday release, as well as construction spending and possibly international trade data for August, according to the reports.
The effective federal funds rate - the interest banks charge each other for overnight loans to meet reserve requirements - rose unexpectedly last week ahead of quarter end, mainly on the back of shrinking cash balances at foreign banks, according to market participants.
U.S. Federal Reserve Vice Chair Philip Jefferson said on Monday he expects U.S. economic growth to continue at about a 1.5% pace for the rest of the year, with the job market facing potential stress if not supported by the central bank.
* Gold up 10% so far this month. * Trump imposes additional tariffs. * Silver on track for best month since July 2020. By Ishaan Arora. Gold fell on Tuesday as investors booked profits after prices hit a record high earlier in the session, while concerns of a U.S. government shutdown and increased bets of a Federal Reserve rate cut limited losses.
U.S. Federal Reserve Vice Chair Philip Jefferson said on Monday he expects U.S. economic growth to continue at about a 1.5% pace for the rest of the year, with the job market facing potential stress if not supported by the central bank.
The effective federal
funds rate - the interest banks charge each other for overnight
loans to meet reserve requirements - rose unexpectedly last week
ahead of quarter end, mainly on the back of ...
Societe Generale in its early Tuesday economic news summary pointed out: -- The US dollar and United States Treasury yields stay lower overnight Monday, gold marches on to new high as the U.S. government shutdown hangs over markets.
The Swiss National Bank ramped up foreign currency purchases during the second quarter, data showed on Tuesday, as the central bank reacted to appreciation pressure on the Swiss franc after President Donald Trump announced tariffs on U.S. imports in April.
* EM stocks and FX positioned for monthly gains. * Polish CPI in September lower than expected. * Indian Rupee hits record low. By Nikhil Sharma. Emerging market stocks edged higher on Tuesday, nearing their best monthly performance in nearly two years, while currencies also firmed in a month largely dominated by key central bank decisions.
The European Central Bank should take bold action to make the euro "a trusted global anchor of stability," ECB policymaker Olli Rehn said on Tuesday. His words echo a message by ECB President Christine Lagarde, who in June said the euro's global status needed to be cemented given the global context of trade wars and rising protectionism.
* Pound edges up, but faces fourth monthly loss against euro. * UK economy expands 0.3%, current account deficit higher than forecast. * Finance Minister Reeves expected to hike taxes to fill fiscal gap. By Amanda Cooper.
Starwood Property Trust (STWD) said late Monday it priced an upsized $550 million offering of 2031 notes to fund green and social projects or repay debt. The offering of 5.75% senior notes to qualified institutional investors was upsized from $500 million and priced at 100% of the principal amount, the company said.
Bit Digital (BTBT) said Tuesday it priced a $135 million public offering of 4% convertible senior notes due Oct. 1, 2030, upsized from a previously planned $100 million. Underwriters have a 30-day overallotment option to purchase up to an additional $15 million of the notes.
Euro zone yields edged lower on Tuesday ahead of inflation data from Germany, France and Italy, which analysts see as unlikely to alter expectations that the European Central Bank will keep interest rates near current levels through early 2027. U.S. Treasuries have taken the lead recently as the euro area's fixed income markets struggled for direction.
U.S. President Donald Trump's tariff decisions since he took office in January have shocked financial markets and sent a wave of uncertainty through the global economy.
Kuwait has started accepting bids for a three-part U.S. dollar denominated bond offering with 3-year, 5-year and 10-year maturities, fixed income news service IFR reported on Tuesday.
Japan's two-year bond yield edged up on Tuesday after an auction witnessed the weakest demand in 16 years, as hawkish comments from the central bank stoked bets on interest rate hikes. The two-year JGB yield rose 1 basis point to 0.935%, its highest level since June 2008.
Bit Digital Inc (BTBT): * BIT DIGITAL ANNOUNCES PRICING OF UPSIZED $135 MILLION CONVERTIBLE NOTES OFFERING. * Bit Digital Inc (BTBT) - PRICING OF UPSIZED UNDERWRITTEN PUBLIC OFFERING OF $135 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.00% CONVERTIBLE SENIOR NOTES DUE 2030 Source text: Further company coverage:
* RBA keeps cash rate at 3.60% amid inflation concerns. * Swaps imply 36% chance of November cut, 50% for December. * Australian dollar rises, bond futures fall after RBA decision. By Stella Qiu and Wayne Cole.
NEW YORK, Sept. 30, 2025 Bit Digital, Inc. (BTBT) today announced the pricing of its upsized underwritten public offering of $135,000,000 aggregate principal amount of 4.00% convertible senior notes due 2030. The Notes will be senior, unsecured obligations of the Company and will accrue interest at a rate of 4.00% per year, payable semiannually in arrears.
Australia's central bank on Tuesday left its cash rate steady as expected at 3.60%, saying recent data suggested inflation might be higher than forecast in the third quarter and the economic outlook remained uncertain.
* Gold up 12.3% so far this month. * SPDR Gold Trust holdings at over three-year high. * Silver on track for best month since July 2020. By Brijesh Patel. Gold prices hit a fresh high on Tuesday and were poised to log their best month in nearly 16 years, as fears of a potential U.S. government shutdown and growing expectations of further Federal Reserve rate cuts boosted demand for the metal.
* China's manufacturing PMI remains below growth threshold at 49.8. * Non-manufacturing PMI slows to 50.0 from 50.3 in August. * Separate private sector factory activity PMI at 51.2 from 50.1. * Overall economic impulse still points to soft underbelly.
* China's services PMI edges down to 52.9 in September from 53.0. * New export orders rise at fastest pace in seven months. * Employment falls at fastest pace in 17 months. By Liangping Gao and Ryan Woo. China's services activity grew in September but at a slightly slower pace, a private survey showed on Tuesday, with job losses weighing on the sector despite strong domestic and overseas demand.
* RatingDog manufacturing PMI 51.2 in Sept vs 50.5 in August. * New export orders expand for the 1st time since March. * Input cost inflation highest in 10 months; output prices fall. By Ellen Zhang and Ryan Woo. China's factory activity in September expanded at the quickest pace since March, as rising new orders drove faster production growth, a private-sector survey showed on Tuesday.
China's manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal. The official purchasing managers' index rose to a six-month high of 49.8 in September versus 49.4 in August.
China's non-manufacturing activity slowed in September, an official survey showed on Tuesday. The non-manufacturing purchasing managers' index, which includes services and construction, dropped to 50.0 from 50.3 in August, according to the National Bureau of Statistics . The NBS composite PMI of manufacturing and non-manufacturing was 50.6 in September, compared with 50.5 in August.
Gold prices rose further to hit a
fresh high on Tuesday and were poised for their best month in 14
years, as fears of a potential U.S. government shutdown and
growing expectations of further U.S.
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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