Bread Financial (BFH) said late Tuesday it priced a $500 million private offering of 6.75% senior notes due 2031 at 100% of their principal amount, for about $493 million in expected net proceeds. Proceeds from the offering, set to close Nov. 6, along with $275 million in cash, would be used to fully redeem the company's 9.75% senior notes due 2029.
Cryptocurrency punters are largely confident that the Federal Reserve will slash interest rates by 25 basis points on Wednesday. As of this writing, the odds of a quarter-point reduction stood at 98% on the decentralized prediction platform Polymarket.
The moves come ahead of a pivotal Federal Open Market Committee (FOMC) meeting on Oct. 28?29, where officials are widely expected to cut benchmark rates by 25 basis points to the 4.00%?4.25% range.
After a quick jump toward $116,094 faded, buyers showed up near $112,500 while analysts watched $120,000 as the level that could clear the way toward $143,000.
Image: https://ml.globenewswire.com/Resource/Download/437296d7-971c-4e05-8f32-abafa384075f/picture1.jpg As markets anticipate a near-certain rate reduction by the Federal Reserve, investor appetite for risk assets is reviving, particularly in the cryptocurrency sector.
Tether's gold-backed token swelled above $2 billion market cap, driven by record prices and surging retail demand, CEO Paolo Ardoino said in an interview.
The softer-than-expected September consumer price index report, released Friday, reinforced confidence in the likelihood of a Fed rate cut at its October meeting and potentially at its December meeting, said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund shedding 0.7%. The Philadelphia Housing Index declined 1%, and the Real Estate Select Sector SPDR Fund fell 2.2%. Bitcoin fell 1% to $113,859, and the yield for 10-year US Treasuries was little changed at 3.982%. In corporate news, Goldman Sachs Chief Exe...
Illinois' Grand Prairie Water Commission went to market Monday in a debut deal as it builds infrastrcture linking the Joliet area with Chicago's water system.
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.3% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.8%, and the Real Estate Select Sector SPDR Fund fell 2%. Bitcoin fell 1% to $113,859, and the yield for 10-year US Treasuries decreased 1.4 basis points to 3.98%. In corporate news, Goldman Sachs Ch...
Greystone, a leading national commercial real estate finance company, has provided a $46,000,000 Freddie Mac loan to refinance Madbury Commons, a student housing community located in Durham, New Hampshire. The $46,000,000 fixed-rate financing carries a 10-year term and amortization, with full-term interest only payments.
Contractors that have been absorbing cost increases in fixed-price projects may insist on the more flexible pricing built into progressive design-build delivery models.
The Conference Board's Consumer Confidence Index fell to 94.6 in October from a 95.6 reading in September due to a decrease in the expectations index that was partially offset by a gain in the current conditions index. The Conference Board noted the assessment of employment and business conditions improved in the near term, but concerns rose for those same measures for the future.
The Federal Open Market Committee is widely expected to lower the rate for its federal funds rate target to 3.75% to 4.00% from the current 4.00% to 4.25%, putting the focus on any changes to its post-meeting statement and comments from Federal Reserve Chairman Jerome Powell. Currently, the CME's FedWatch Tool sees a 97.8% chance of a 25-basis point rate reduction and a 2.2% chance of no change.
Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each dropping 0.4%. The Philadelphia Housing Index declined 0.4%, and the Real Estate Select Sector SPDR Fund shed 1.9%. Bitcoin rose 1.1% to $115,415, and the yield for 10-year US Treasuries dropped 1.4 basis points to 3.98%. In corporate news, PayPal (PYPL) lifted its full-year ...
Jeff Lipton begins his role as The Bond Buyer's Market Intelligence Analyst with an examination of how evolving federal policy, shifting credit conditions and market inefficiencies shape municipal risk ? and where disciplined analysis can uncover value.
Analyst and market strategist Jeff Lipton joins the team to deliver clarity and thoughtful guidance to a market witnessing evolving complexities ? connecting policy moves, credit shifts and investment behavior to help our readers navigate what comes next.
Jeff Lipton begins his role as The Bond Buyer's Market Intelligence Analyst with an examination of how evolving federal policy, shifting credit conditions and market inefficiencies shape municipal risk ? and where disciplined analysis can uncover value.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index falling 0.3% and the Financial Select Sector SPDR Fund easing 0.4%. The Philadelphia Housing Index declined 0.3%, and the Real Estate Select Sector SPDR Fund was falling 1.9%. Bitcoin was increasing 1.1% to $115,415, and the yield for 10-year US Treasuries was shedding 1.4 basis points to 3.98%. In corp...
The Trump administration has denied an appeal for $33.7 million in FEMA relief funds for flood damage incurred in western Maryland, which ends the possibility of aid for a state already reeling from job losses.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2025 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The dividends will be paid in cash on October?29, 2025.
Despite undershoots in most key economic indicators since the September policy meeting, Societe Generale said it expects the Bank of England's Monetary Policy Committee to keep Bank Rate unchanged at 4.0% in November, breaking its quarterly pace of cuts for the first time in this easing cycle.
As part of its marketplace monitoring program, BBB National Programs? National Advertising Division recommended that National Debt Relief, LLC modify or discontinue certain claims regarding its debt settlement services. NDR is a debt settlement company that offers services to heavily indebted consumers.
Wednesday will offer the full deal from the Bank of Canada when it releases a suite of updated communications and forecasts to accompany the latest rate decision, said Scotiabank. The policy statement at 9:45 a.m. ET will be accompanied by Governor Tiff Macklem's written opening remarks to his press conference, along with the October Monetary Policy Report.
The Federal Home Loan Bank of Indianapolis today announced the results of the election of two Indiana Member Directors and two Independent Directors to its Board of Directors, each serving four-year terms beginning Jan. 1, 2026.
The Conference Board's measure of consumer confidence fell to 94.6 in October from an upwardly revised 95.6 reading in September, compared with a larger decrease expected to a reading of 93.4 in a survey compiled by Bloomberg as of 7:45 am ET.
Morgan Stanley said it expects the Bank of Japan to remain on hold with a 7-2 decision. The BoJ is scheduled to release its policy statement at 10:30 p.m. ET on Wednesday. Morgan Stanley noted its would like to see whether the governor's cautious view on the United States economy begins to soften, as the bank assesses the possibility of a rate hike in December.
Navios Maritime Partners L.P. (NMM) announces today that it has successfully placed USD 300 million of new senior unsecured bonds in the Nordic bond market. The net proceeds from the bond issue are intended to be used for the repayment of certain of the Company?s outstanding secured debt facilities and for general corporate purposes of the group.
Freddie Mac today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust Series 2025-2, a securitization of approximately $343.2 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans.
The Case-Shiller National Home Price index fell by 0.3% in August before seasonal adjustment following a 0.2% decrease in July. The 10-city index and 20-city index both fell by 0.6% from the previous month. National home prices were up 1.5% year-over-year, down from a 1.6% gain in July.
The FHFA's measure of home prices rose by 0.4% in August after a revised flat reading in the previous month, above the 0.1% decrease expected in a survey compiled by Bloomberg as of 7:45 am ET. Prices were up 2.3% from a year earlier in August. Sale prices were up in seven of the nine regions from the previous month, led by a 1.2% increase in the Middle Atlantic region.
Morgan Stanley said it expects the European Central Bank to remain on hold at Thursday's policy meeting, and to stick to its "good place" narrative. The communication should remain unchanged, stressing data dependency and a meeting-by-meeting approach, noted the bank.
Investors will get a more complete picture of the performance of the Canadian economy when gross domestic product figures arrive on Friday at 8:30 a.m. ET, said Scotiabank. August and September estimates will firm up estimates for overall Q3 GDP, noted the bank. The August figures will include revisions to the initial guidance from Statistics Canada that the economy was.
Voters will decide the fate of 447 bond propositions totaling a record $83.7 billion with development-related districts accounting for most of the debt.
European bourses tracked moderately lower midday Tuesday as traders awaited rate actions by the European Central Bank and the Federal Reserve, and weighed the unfolding earnings season. The US central bank is slated to announce a rate decision on Wednesday, followed by the ECB on Thursday. Tech and bank stocks held firm on continental trading floors, while property and food shares lagged.
Chile's central bank is unanimously expected to. leave its overnight rate unchanged at 4.75% later. Tuesday, said Scotiabank. Inflation is running too hot at 4.4% year over year, noted the bank.
Canada's growth picture remains bleak, with the Bank of Canada's latest Business Outlook Survey pointing to persistently weak conditions, said Deutsche Bank. The bank expects Canada to materially underperform most G10 peers over the coming year, noting the country posted the weakest export growth globally in recent quarters - a trend now compounded by the breakdown of U.S.-Canada trade talks.
Prospect Capital Corporation (PSEC) announced today that Prospect priced an institutional offering of approximately $167 million in aggregate principal amount of 5.5% Series A Notes due 2030 on October 27, 2025. ?We appreciate the strong support and interest we received from over 40 institutional investors for this oversubscribed unsecured bond offering,? said Grier Eliasek, President of Prospect.
The Canadian federal government's Budget 2025 will see more red ink when it's presented next Tuesday, said RBC. The bank estimates $70 billion this year, five-year deficits averaging 1.5% of gross domestic product and debt-to-GDP moving mostly sideways before fiscal pressures. A pro-growth fiscal policy is needed to address localized weakness and the risk of frozen business investment, stated RBC.
Galaxy Digital (GLXY) said late Monday that Galaxy Digital Holdings plans to launch a private offering of $1 billion of exchangeable senior notes due May 1, 2031. The company also intends to grant the initial purchasers a 13-day option to acquire up to $150 million of additional notes. Proceeds will be used for the group's core operating businesses and for general corporate purposes, the company said.
Amphenol (APH) said Monday it has priced a $7.5 billion notes offering, comprising $500 million in floating rate senior notes due 2027 and fixed-rate senior notes maturing between 2027 and 2055.
Kaiser Aluminum (KALU) said late Monday it has priced $500 million worth of 5.875% senior notes due 2034 in a private transaction. The offering is expected to be completed on Nov. 5, the company said. Kaiser Aluminum (KALU) said it intends to use net proceeds, along with borrowings under its revolving credit facility, to redeem all of its outstanding 4.625% senior notes due 2028.
Freddie Mac today posted to its website its?Monthly Volume Summary for September 2025, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
The resources-heavy Toronto Stock Exchange fell for the first session in four Monday on deflating commodity prices and an expectation that while the Bank of Canada will cut its benchmark interest rate again on Wednesday, it is uncertain where rates and the economy will go from there until at least after the federal government delivers its long awaited budget on November 4. The S&P/TSX Composite...
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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