Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated October 9, 2025 and related Notice of Guaranteed Delivery dated October 9, 2025.
CNBC?s Jim Cramer declared Thursday that a recent spike in bad bank loans is the signal the Federal Reserve needs to begin cutting interest rates, arguing that the ?credit cavalry is right on time? to rescue the market.
The US dollar fell against its major trading partners early Friday ahead of a lighter day of economic data releases. The Atlanta and St. Louis Federal Reserve banks are expected to update their gross domestic product Nowcast models for Q3 around midday, though the absence of government data inputs may even delay or cancel those updates.
Commerzbank in its "European Sunrise" note of Friday highlighted: Markets: Concerns on regional United States banks trigger risk-off, U.S. Treasuries expand gains in Asia. Fed: Federal Reserve Governor Christopher Waller calls for careful cuts in 25bps increments, Governor Stephen Miran wants bigger steps.
Canadian housing starts rose to 279,000 in September, an impressive show of strength despite soft resale conditions, said Bank of Montreal. Few things to note: resale conditions aren't soft everywhere. Indeed, while Canadian housing starts have turned higher over the past 12 months, they are at decade lows in Ontario. Rental construction is still driving the increase in starts, stated BMO.
??Corporate Credit Rating Upgraded to BBB- from BB+?? Reflects Company?s Continued Execution of Key Value Enhancing Initiatives? Global Net Lease, Inc. (GNL) announced today that Fitch Ratings has upgraded its corporate credit rating to investment-grade BBB- from BB+. We believe the upgrade to an investment-grade rating was largely driven by GNL?s strategic achievements over the past two years, desig...
The tone in risk markets soured again overnight as traders rotated back to stablecoins, avoiding bitcoin and smaller tokens ahead of key Federal Reserve and geopolitical catalysts.
Navios Maritime Partners L.P. (NMM), rated BB by S&P has mandated Norwegian investment banks to arrange a series of fixed income investor calls commencing on October 20, 2025. The net proceeds from the contemplated bond issue are intended to be used for the repayment of certain of the Company?s outstanding debt facilities and for general corporate purposes of the group.
TORONTO, Ontario and NEW YORK, Oct. 16, 2025 -- Bitfarms Ltd. (BITF), a North American energy and digital infrastructure company, today announced that it has priced its offering of US$500 million aggregate principal amount of 1.375% convertible senior notes due 2031.
US equity indexes fell Thursday as mounting credit concerns at two regional banks helped push government bond yields lower, while the Russia-Ukraine war looked set to return to center stage.
The Federal Reserve is not expected to drastically cut rates by year end due to the fact that the US economy remains on a solid growth trajectory and inflation remains above its 2% target, Stifel Financial Chief Economist Lindsey Piegza said Thursday.
Earlier Thursday, the market was "chugging along, doing OK, just kind of nothing, in between slight strength to modest upticks, but the narrative changed when that bank news came out. The market really ran pretty quickly," said Chris Brigati, managing director and CIO at SWBC.
US equity indexes fell ahead of the close on Thursday as a sharp drop in government bond yields and a surge in gold futures to new all-time highs undermined investor confidence. The Nasdaq Composite fell 0.5% to 22,563.1, with the S&P 500 down 0.6% to 6,629.9 and the Dow Jones Industrial Average 0.6% lower at 45,968.5. Financials and energy led the decliners intraday.
The Federal Reserve should cut interest rates by 25 basis points later this month, Governor Christopher Waller said Thursday, while his colleague, Stephen Miran, pushed for a more aggressive easing stance. Macro data are giving "conflicting" signals, with economic activity seeing solid growth and labor marking softening, Waller said in remarks prepared for a speech in New York.
Financial stocks declined in late Thursday afternoon trading, with the NYSE Financial Index falling 2.1% and the Financial Select Sector SPDR Fund dropping 3.1%. The Philadelphia Housing Index lost 1%, while the Real Estate Select Sector SPDR Fund eased 0.3%. Bitcoin declined 3% to $107,926, and the yield for 10-year US Treasuries dropped 7.4 basis points to 3.97%. In economic news, US homebuil...
"Going forward, the staff will provide the other side with at least four weeks to make Wells submissions," SEC Chairman Paul Atkins said in a recent speech.
The attackers did not steal any data, but the firm had to rebuild its servers to get back into operation, said Albert Rodriguez, a manager at ImageMaster.
Financial stocks declined in late Thursday afternoon trading with the NYSE Financial Index falling 1.8% and the Financial Select Sector SPDR Fund dropping 2.7%. The Philadelphia Housing Index lost 1%, while the Real Estate Select Sector SPDR Fund eased 0.1%. Bitcoin declined 2% to $108,532, and the yield for 10-year US Treasuries dropped 7 basis points to 3.98%. In corporate news, Zions Bancorp...
Fed Governor Christopher Waller said that the FOMC should lower rates by 25 basis points at its Oct. 28-29 meeting but cautioned that beyond that a lack of government data and conflicts in the data that are available suggest moving carefully to see how GDP growth and the labor market progress.
US equity indexes fell after midday on Thursday as a sharp drop in government bond yields and a surge in gold and silver futures to new all-time highs undermined investor confidence. The Nasdaq Composite fell 0.3% to 22,596.5, with the S&P 500 down 0.5% to 6,637.6 and the Dow Jones Industrial Average 0.4% lower at 46,062.9. Financials and energy led the decliners intraday.
Financial stocks declined in Thursday afternoon trading with the NYSE Financial Index falling 1.4% and the Financial Select Sector SPDR Fund dropping 2.1%. The Philadelphia Housing Index lost 1.1%, while the Real Estate Select Sector SPDR Fund rose 0.1%. Bitcoin declined 1.7% to $108,951, and the yield for 10-year US Treasuries dropped 5.1 basis points to 3.982%. In economic news, US homebuilde...
The city plans a competitive general obligation bond sale, as well as a sales tax revenue bond issue to help finance a professional basketball arena next year.
R. Wade Norris has joined the Washington, D.C., office of Dinsmore & Shoal as a partner to shore up operations in the firm's work in multifamily finance and public private partnerships.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index falling 1.5% and the Financial Select Sector SPDR Fund dropping 1.9%. The Philadelphia Housing Index was down 0.9%, while the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin was declining 1.7% to $108,951, and the yield for 10-year US Treasuries dropped 4 basis points to 3.99%. In corporate news, Wes...
Berenberg said it thinks that gross domestic product growth needs to slow for the United Kingdom to cure its inflation problem. Given the repeated pattern in U.K. GDP of strong gains in H1 followed by a slowdown in H2, the bank uses the annual growth rate as the most reliable gauge of underlying economic activity.
European stock markets closed higher in Thursday trading as the Stoxx Europe 600 gained 0.63%, Germany's DAX rose 0.38%, the FTSE 100 was up 0.12%, and France's CAC and the Swiss Market Index each advanced 1.38%. In the UK, the monthly gross domestic product grew an estimated 0.1% in August after shrinking 0.1% in July, according to the Office for National Statistics.
Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
The Toronto Stock Exchange is up 62 points at midday with telecoms and info tech, up 1% and 0.8%, respectively, the biggest gainers. Miners and energy are the biggest decliners, down 0.9% and 0.7%, respectively. In terms of domestic economic news, Canadian housing starts increased 14% month-on-month in September to 279.2k units, compared with the 17% m/m drop in August.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.27%. ?Mortgage rates inched down this week and have held relatively steady over the past several weeks,? said Sam Khater, Chief Economist at Freddie Mac.
With vital government data delayed due to the federal government shutdown, Stifel Chief Economist Lindsey Piegza, in a research note Thursday, urged caution when interest rate decisions are made at the next Federal Open Market Committee meeting scheduled for Oct. 28-29.
Bank of Canada Governor Tiff Macklem is set to speak at the Peterson Institute for International Economics in a moderated session starting at 1:30 p.m. ET on Thursday, said Scotiabank. No published remarks are expected, no press conference is scheduled but there will be audience Q&A and a webcast available on the PIE website, noted the bank.
Canadian existing home sales declined 1.7% month-on-month in September, ending a series of gains that began in Apri, said TD after Thursday's Canadian Real Estate Association data. The pullback in sales was broad-based, with large drops in British Columbia and Alberta, and smaller declines in Ontario, and Quebec. New listings dipped 0.8% m/onth over month in September.
Metra announced fare hikes in its 2026 budget, part of a broader regional policy requiring the Chicago Transit Authority, Metra and Pace to raise fares.
Webull (BULL) said Thursday it launched corporate bond trading services for US investors, allowing them to buy and sell individual corporate bonds directly on the company's desktop and mobile platforms. The company said it has corporate bond transaction spreads set at 0.10% with a $10/trade minimum. Webull (BULL) said it plans to expand the service to additional regions in the future.
Canadian housing starts increased 14% month-on-month in September to an elevated 279,200 units, almost fully bouncing back from the 17% m/m drop in August, said TD. Stripping away monthly volatility, the six-month moving average of starts increased 4.1% month over month to 277,100 units, said the bank after Thursday's data from Canada Mortgage and Housing Corporation.
Based on current data, the Federal Open Market Committee should continue to ease monetary policy, Federal Reserve Governor Christopher Waller said Thursday at the Council on Foreign Relations, but he cautioned that a lack of government data and conflicts in the data that are available suggest moving carefully.
Gold continued to push to fresh record highs early on Thursday, rising for a fifth session on hopes for falling interest rates amid a slowing global economy and momentum buying. The price of the metal has risen 13% in the past month and by 23% since Aug.22, when chair Jerome Powell said the Federal Reserve will likely move interest rates lower.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was up 14% in September, or 279,234 units, compared with August's 244,543 units, said Canada Mortgage and Housing Corporation Thursday. September's rise was better than the 255,000 increase expected by Bank of Montreal.
The Southeast's states rely on federal funds more than those in other regions and analysts warn those funds may be ending shortly if the shutdown continues.
The US dollar fell against its major trading partners early Thursday before an extremely busy day of economic data releases and appearances by Federal Reserve officials, even without the government data releases that have been postponed due to the shutdown.
The full suite of Canadian housing market data for September is out on Thursday, said Bank of Montreal. Existing home sales were down 1.7% in the month, but were up 5.2% from a year ago. Housing starts for September are also out at 8:15 a.m. ET on Thursday. Bank of Canada Governor Tiff Macklem will participate in a fireside chat in Washington, D.C. at 1.30 p.m. ET.
Gold extended its rally on Thursday, with gold futures for December delivery last up 1.3% at $4,257.50 per troy ounce and spot gold gaining 0.8% to $4,243 an ounce. Investors are turning to the safe-haven asset amid the ongoing US-China trade tensions and a US federal government shutdown, with prospects of Federal Reserve interest rate cuts further boosting demand.
Societe Generale in its early Thursday economic news summary pointed out: -- New Zealand dollar and sterling claw back losses in G10, South Korea's won extends recovery in emerging markets. -- United Kingdom's August gross domestic product +0.1% month-over-month, +0.3% three-month/over/three-month, in line with forecast.
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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