Sophisticated issuers and investors shared insights into how they navigate the complexities of the municipal bond market at The Bond Buyer Infrastructure event.
The Institute for Supply Management's US manufacturing index rose to 49.1 in September from 48.7 in August, slightly above the expectations for a 49.0 reading in a survey compiled by Bloomberg as of 7:50 am ET. There were gains in the readings for production, employment and order backlogs, but declines in the readings for new orders and prices.
Among the many impacts of the current federal government shutdown is the postponement of key government-produced economic data releases, sources of information that the Federal Reserve will want as it considers another rate reduction at its next meeting, Oct. 28-29.
The eurozone inflation rate rose from 2.0% year over year to 2.2% in September, as expected, said Commerzbank. The main reason for this was that energy prices were only 0.4% lower than a year earlier, wrote the bank in a note to client.
A closely watched private payrolls report unexpectedly showed job losses in September, stoking fresh doubts about U.S. labor market resilience and reinforcing bets that the Federal Reserve could lower interest rates again soon. The ADP National Employment Report recorded a net loss of 32,000 private-sector jobs in September 2025, the weakest monthly performance since March 2023.
A closely watched private payrolls report unexpectedly showed job losses in September, stoking fresh doubts about U.S. labor market resilience and reinforcing bets that the Federal Reserve could lower interest rates again soon. The ADP National Employment Report recorded a net loss of 32,000 private-sector jobs in September 2025, the weakest monthly performance since March 2023.
ADP's monthly measure of private payrolls showed a 32,000 decrease in September, compared with expectations compiled by Bloomberg as of 7:50 am ET for an increase of 51,000. The September decrease followed a downwardly revised 3,000 drop in August.
Skyward Specialty Insurance Group (SKWD), Inc.??, a leader in the specialty property and casualty market, announced the launch of Skyward Specialty EndWell Protection, an industry-first well decommissioning solution built on an escrow-secured bond model.
The Board of Directors of Colombia's central bank maintained the interest rate at 9.25% in a divided vote on Tuesday, with the majority opting for monetary stability following the rise in inflation to 5.1% in August and increased inflation expectations for 2025 and 2026, said BBVA Research.
Two months after property tax payments would normally be due, Cook County, Illinois, is still struggling to send out accurate bills for the second part of 2024.
Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.
MUFG said evidence is mounting that the Bank of Japan could raise rates at its Oct. 30 policy meeting, with Wednesday's Tankan survey for the three months to September offering support for such a move. The bank noted the BoJ places significant weight on the quarterly Tankan, making the latest results crucial.
Energy Fuels (UUUU), a U.S. producer of uranium, rare earths, and critical minerals, was at last look down 0.5% after it announced earlier Wednesday the pricing of US$600 million aggregate principal amount of 0.75% Convertible Senior Notes due 2031 in a private placement. The size of the offering was increased from the previously announced $550.0 million aggregate principal amount of notes.
A speech by European Central Bank President Christine Lagarde was read as mildly dovish on Tuesday, in that the ECB being in a 'good place' didn't prevent it from adjusting interest rates, said ING. Recent German activity data hasn't come in on the soft side and markets haven't completely ruled out one further ECB cut, note the bank in a note.
Ellington Financial (EFC) said late Tuesday it priced its offering of $400 million of 7.375% senior unsecured notes due 2030. The company expects the offering to close Monday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
The Fed?s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell?s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday.
WaterBridge Infrastructure (WBI) said late Tuesday a subsidiary has priced its offering of $825 million of 6.25% senior unsecured notes due 2030 at par and another $600 million of 6.50% senior unsecured notes due 2033 at par. The company said it plans to use the net proceeds to help repay all borrowings under the legacy term loan facilities and for general corporate purposes and working capital.
National Bank of Canada raised its price target on NGEx Minerals (NGXXF) shares to C$34.00 from C$28.00 while reiterating its outperform rating. Analyst Rabi Nizami said the new price target reflects a higher valuation multiple and optimism about near-term drilling and development progress. The company earlier Tuesday announced a C$175 million private placement, offering 7 million shares at C$25 each.
Corporacion Inmobiliaria Vesta said late Tuesday it closed a $500 million offering of 5.5% senior unsecured notes due 2033. Net proceeds will be used to prepay outstanding debt, extend the firm's maturity profile, and for capital expenditures, the company said. MT Newswires does not provide investment advice.
Morgan Stanley (MS) said late Tuesday that the Federal Reserve has reduced its Stress Capital Buffer to 4.3% from 5.1%, effective Wednesday, after the bank requested a reconsideration to the preliminary buffer.
Carnival said Tuesday it has priced a private offering of $1.25 billion of 5.12% senior unsecured notes due 2029. The company plans to use the proceeds, together with cash on hand, to redeem $2 billion of 6% senior unsecured notes due 2029, it said in a statement. The new notes will pay interest semiannually beginning May 1, 2026, and mature May 1, 2029.
October has historically not been "particularly kind to the municipal market, as it tends to be one of the heavier supply months of the year," said Daryl Clements, a portfolio manager at AllianceBernstein.
Oatly Group AB (OTLY) announced today that it has issued SEK denominated senior secured floating rate bonds in a total amount of SEK 1,700 million, entered into a new sustainability-linked SEK 750 million super senior revolving credit facility agreement and intends to complete its repurchase of certain U.S. Notes.
Financial stocks were decreasing in late Tuesday trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund down 0.6%. The Philadelphia Housing Index edged up 0.1%, and the Real Estate Select Sector SPDR Fund was up 0.3%. Bitcoin was increasing 0.5% to $113,830, and the yield for 10-year US Treasuries edged up to nearly 4.15%. In economic news, a meeting betw...
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund down 0.6%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund was up 0.3%. Bitcoin was declining 0.5% to $113,830, and the yield for 10-year US Treasuries was slightly higher at nearly 4.15%. In economic new...
US home prices fell sequentially in July, while the annual growth rate was one of the weakest in the last 10 years, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday. The S&P Cotality Case-Shiller Index, formerly known as the S&P CoreLogic Case-Shiller Index, dropped 0.1% month on month in July after seasonal adjustments, following a 0.2% decrease in June.
The Conference Board's Consumer Confidence Index fell to 94.2 in September from a 97.8 reading in August, the lowest level since April due to declines in both the present situation and expectations readings. The Conference Board noted the current assessment of both business and employment conditions declined in the month, while inflation remained the top concern.
Fed Vice Chair Philip Jefferson said that risks remain on both sides of the Fed's mandate, with employment risks pointed to the downside and risks to inflation pointed to the upside, but he expects both to ease over time.
EDMONTON, AB / ACCESS Newswire (ACCS) / September 30, 2025 / One Water, a premium bottled water company that aims to shake up the water bottle experience, has officially debuted its unique bottle technology at the World Economic Forum in Davos.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index dropping 1% and the Financial Select Sector SPDR Fund falling 1.3%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund was down 0.3%. Bitcoin was declining 0.6% to $113,211, and the yield for 10-year US Treasuries shed 1 basis point to 4.13%. In economic news, ...
Boston Federal Reserve President Susan Collins on Tuesday expressed willingness to support additional interest rate cuts this year, saying she now sees "limited" upside risks to inflation. In remarks prepared for delivery at the Council on Foreign Relations in New York, Collins said that inflation is expected to remain elevated into next year, but ease back to the 2% target over the medium term.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index dropping 1% and the Financial Select Sector SPDR Fund falling 1.3%. The Philadelphia Housing Index was shedding 0.5%, and the Real Estate Select Sector SPDR Fund was down 0.3%. Bitcoin was declining 0.6% to $113,211, and the yield for 10-year US Treasuries shed 1 basis point to 4.13%. In corporate news,...
Energy Fuels Inc. (UUUU) shares are trading lower on Tuesday after the company said it would engage in a convertible debt offering to raise capital. What To Know: Energy Fuels?s stock fell more than 8% after the company announced an offering of $550 million of convertible senior notes due in 2031.
US consumer confidence this month deteriorated to its lowest level since April amid concerns about the labor market, while 12-month inflation expectations declined, a report by the Conference Board showed Tuesday. The consumer confidence index dropped 3.6 points sequentially to 94.2 in September.
US job openings rose in August, while hiring eased as markets weighed the prospects of a potential federal government shutdown that could delay crucial economic data, including Friday's nonfarm payroll report. Vacancies increased to 7.23 million as of the last day of August from 7.21 million the month before, according to the Bureau of Labor Statistics' job openings and labor turnover survey.
Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed's 2% inflation target in the coming years.
ING continues to expect the Australian dollar to maintain its good performance into a seasonally favorable Q4. With the Reserve Bank of Australia now sounding more cautious on rate cuts, AUD can attract good buying flows until the data offers more clarity, wrote the bank in a note. The RBA held the cash rate steady at 3.6% earlier Tuesday.
Thermo Fisher Scientific Inc. (TMO) is tapping the U.S. investment-grade bond market with a four-part, dollar-denominated offering, as companies move to secure funding ahead of a potential U.S. government shutdown. Citing sources familiar with the matter, Bloomberg noted that the longest tranche of the sale ?a 12-year security ?could yield about one percentage point above Treasuries.
When the Bank of Canada began cutting rates in summer 2024, the prevailing view was that it would reignite a housing frenzy, Rosenberg Research said. "That has not happened at all," noted Rosenberg Research. The BoC has taken the policy rate from 5.0% to 2.5%, but housing starts and home sales have gone nowhere, stated Rosenberg.
The Conference Board's measure of consumer confidence fell to 94.2 in September from 97.8 in August, below a reading of 96.0 expected in a survey compiled by Bloomberg as of 7:35 am ET and the lowest level since April 2025.
The Institute for Supply Management's Chicago PMI reading fell to 40.6 in September from 41.5 in August, compared with an expected 43.3 print in a survey compiled by Bloomberg as of 7:35 am ET. Other regional manufacturing data already released for September have indicated mixed results. The national ISM manufacturing index is due to be released on Wednesday.
Greystone, a leading national commercial real estate finance company, announced the closing of a $30,000,000 Freddie Mac Conventional loan for Sloane Chelsea, a 266-unit high-rise multifamily property located at 360 West 34th Street in New York, NY. The financing was originated by Robert Meehan, Managing Director at Greystone.
The consensus is overwhelmingly for no policy change on Tuesday at Colombia's central bank, said Societe Generale. The bank doesn't rule out a 25bps cut to 9.0% following a narrow 4-3 vote in favor of a hold in July. The hawkish hold at the last meeting presents upside risk to SocGen's house view for 8.75% by end 2025 and 7.25% at the end of 2026. MT Newswires does not provide investment advice.
"The intersection between the public impact and the financial markets is unique and it brings a lot of good people to the same place. I really enjoy being a part of this community," Connor Benoit said.
Since joining Orrick in Los Angeles more than a decade ago, Steffi Chan has brought her technical expertise and leadership skills to her local government and state agency clients.
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.
Log In Required
Publication Date