The Canadian dollar has been one of the best-performing G10 currencies over the last couple of weeks alongside the US dollar, said MUFG. USD/CAD attempted and failed to break back below the 1.4000 level after the Bank of Canada signaled that it's likely to pause its rate cut cycle in the near-term, stated MUFG.
The slew of post-meeting European Central Bank speakers has added little to the policy narrative, said ING. The Governing Council is broadly on the same page with the rates view, and the feeling is that some substantial data surprises are now needed to create a new division among policymakers, wrote the bank in a note.
IMAX Corporation (IMAX) has priced $220 million of 0.75% convertible senior notes due 2030 in a private offering to qualified institutional buyers. The senior unsecured notes will bear interest at 0.75% annually, payable semi-annually beginning May 15, 2026, and will mature on November 15, 2030.
Auna (AUNA) said Tuesday it priced $365 million of 8.75% senior secured notes due Nov. 6, 2032, at 100%, which will be co-issued by the company and Oncosalud. This includes $328.5 million of notes in a private offering and $36.5 million of notes to be sold to International Finance in a concurrent private placement.
The Federal Reserve?s 25-basis-point cut last week was widely expected, but Chair Jerome Powell?s restrained tone dampened risk appetite after he hinted that December?s cut isn?t guaranteed.
In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."
"Normalized supply, a supportive rate environment and favorable technicals propelled the municipal market to the best October performance [in decades]," said Robert J. Lind.
Financial stocks were lower in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund declining 0.4%. The Philadelphia Housing Index dropped 1.6%, and the Real Estate Select Sector SPDR Fund shed 0.1%. Bitcoin fell 3.2% to $106,951, and the yield for 10-year US Treasuries was slightly higher at 4.11%. In economic news, the Institute for...
Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund adding 0.3% and the SPDR S&P Semiconductor ETF shedding 1.4%. The Philadelphia Semiconductor index rose 0.6%. In corporate news, Alphabet increased the size of its US dollar corporate bond sale to $17.5 billion from an initial estimate of $15 billion, Bloomberg reported.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund declining 0.4%. The Philadelphia Housing Index dropped 1.6%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin fell 3.2% to $106,951, and the yield for 10-year US Treasuries was slightly higher at 4.11%. In corporate news, Pine Labs, a digital p...
US Federal Reserve Chair Jerome Powell's recent remarks questioning the likelihood of another rate cut in December suggest that the central bank may have reached the end of its "easy" phase of policy easing, according to commentary from Simeon Hyman, global investment strategist at ProShares.
Fed Governor Lisa Cook said that the path of monetary policy is not predetermined and will continue to be based on incoming information when it is available, noting the risks of lowering interest rates too early or too late, and saying that the December FOMC meeting remains a live meeting after other officials have said that another rate cut at that meeting is not an certainty.
The path of monetary policy is not predetermined and will continue to be based on incoming information, Federal Reserve Governor Lisa Cook said Monday at Brookings. "Looking ahead, policy is not on a predetermined path," Cook said.
Financial stocks fell in Monday afternoon trading, with the NYSE Financial Index dropping 0.2% and the Financial Select Sector SPDR Fund losing 0.4%. The Philadelphia Housing Index declined 1.7%, and the Real Estate Select Sector SPDR Fund shed 0.6%. Bitcoin fell 2.9% to $107,366, and the yield for 10-year US Treasuries rose 1.1 basis points to 4.11%. In economic news, the Institute for Supply ...
Bitcoin wanted to upend the financial system; Tether quietly built one of its own. Tether's latest attestation report shows $181 billion in reserves backing its tokens, giving it immense influence over global liquidity.
Liquidity shifts from the Federal Reserve could determine whether Bitcoin reverses its downtrend or enters a 2019-style correction. What Happened: Prominent analyst Kevin pointed out that during quantitative easing or balance sheet expansion, Bitcoin dominance tends to top out, paving the way for altcoin outperformance.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund off 0.4%. The Philadelphia Housing Index was falling 1.7%, and the Real Estate Select Sector SPDR Fund was shedding 0.6%. Bitcoin was declining 2.9% to $107,366, and the yield for 10-year US Treasuries was rising 1.1 basis points to 4.11%. In corporate ...
As climate and cybersecurity risks intensify, Jeff Lipton argues it's time for the legal community to lead a new era of municipal disclosure ? tightening language, clarifying exposures, and ensuring investor confidence.
Two surveys released Monday presented mixed trends in the US manufacturing sector for October, with Institute for Supply Management data showing continued contraction and an S&P Global (SPGI) report indicating growth for a third consecutive month. The ISM purchasing managers' index fell to 48.7 last month from 49.1 in September, marking an eighth straight month of contraction.
In October, the Canadian dollar weakened further against the US dollar in terms of. London closing rates from 1.3928 to 1.4012, said MUFG. The Bank of Canada, at its meeting last week, cut the key policy rate by 25bps to 2.25%, the ninth cut in this easing cycle that began in June 2024 with cumulative total easing now of 275bps.
European stock markets closed little changed in Monday trading as the Stoxx Europe edged 0.07% higher, Germany's DAX was up 0.73%, the FTSE in London was off 0.16%, France's CAC declined 0.14%, and the Swiss Market Index gained 0.01%. Eurozone Manufacturing PMI compiled by S&P Global, which gauges the health of the eurozone manufacturing sector, edged higher to 50.0 in October from 49.8 in Sept...
October's PMI survey pointed to a relative improvement in the performance of Canada's manufacturing sector, said Paul Smith, Economics Director at S&P Global Market Intelligence, on Monday.
Federal Home Loan Bank of Atlanta today announced the recipients of its 2025 Affordable Housing Program General Fund awards. For the complete list of 2025 awards, click here.
The Institute for Supply Management's US manufacturing index fell to 48.7 in October from 49.1 in September, compared with expectations for an increase to 49.5 reading in a survey compiled by Bloomberg as of 7:35 am ET. There were gains in the readings for new orders, employment and order backlogs but declines in the readings for production and prices.
As was widely expected, the Bank of Canada delivered another quarter-point interest rate cut last week, said TD. However, yields backed up on the news as the accompanying statement showed that the BoC is comfortable with where the policy rate now stands -- shrinking the odds of further rate cuts, noted the bank.
The S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide an overview of the health of the manufacturing sector, recorded 49.6 in October, said S&P Global on Monday.
The confident view that the Bank of Canada was done cutting rates for good had some water thrown in the face on Friday, as real gross domestic product contracted by a "hefty" 0.3% month over month in August, which came as a negative surprise to the flat performance penciled in by the consensus community, and wiped out the advance posted in July, said Rosenberg Research.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Hurricane Scores, according to ICE Climate Data. A $6 million offering from Polk, Iowa, records a Flood Score of 4.8 out of 5.0, ICE reports.
Morgan Stanley said it expects the Reserve Bank of Australia to hold in a unanimous decision this week. The RBA is scheduled to release its policy statement at 10:30 p.m.ET on Monday.
In a recent note, analysts at?Morgan Stanley?have highlighted two significant risks that could potentially impact the U.S. stock market in the near future. The analysts pointed out that the Federal Reserve?s cautious approach to?potential interest rate cuts and?signs of strain in overnight funding markets are the primary risks facing the equity market,?reported?Investing.com on Monday.
Bank of Canada Governor Tiff Macklem participates in a fireside chat at 1:30 p.m. ET on Monday, said Scotiabak. However, it's hard to imagine him saying anything materially different from last Wednesday's policy meeting communications, stated the bank. On the Canadian gross domestic product, Macklem is likely to say the BoC's forecasts are on track, stated Scotiabank.
Friday's Labour Force Survey will highlight a soft jobs market in Canada, said Bank of Montreal. The bank noted it doesn't expect that to change in October, with an estimated 10,000 job gains, leaving the jobless rate steady for the third straight month.
Sterling has weakened ahead of Thursday's latest Bank of England policy meeting, said MUFG. EUR/GBP was attempting to break above the 0.8800 level at the end of last week, while GBP/USD broke back below support from the 200-day moving average at around 1.3250 for the first time since April and then hit a low of 1.3097 on Friday, wrote the bank in a note.
Canada's job market data on Friday is expected to show further evidence of stabilization in October, said RBC. Canada is slated to release the October Labour Force Survey on Friday at 8:30 a.m. ET. The bank expects employment to show a 10,000 increase in October.
What should home buyers and home sellers focus on in today?s changing housing market? In Summerville, home prices have held steady even as the pace of sales has cooled from the rapid growth of previous years. The article explains that higher interest rates, influenced by Federal Reserve policies, remain a key challenge for home buyers.
While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as stimulative to risk assets as the Fed's other moves, such as QE.
During his latest appearance on The Joe Rogan Experience, Tesla Inc. Elon Musk warned that the U.S.'s ballooning national debt and looming Social Security shortfall could push the country toward bankruptcy.
The Toronto Stock Exchange rose for a second-straight day Friday as CIBC's Avery Shenfeld guessed the Bank of Canada may move next week to sound "a bit less definitive about whether they are done or not" with rate cuts, while he also played down fears around rising federal deficits provided the government sees a "credible path" to lowering them ahead.
Next week's issuance is slated to be "substantial" ? an estimated $13.1 billion ? although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.
TeraWulf Inc. (WULF), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today completed its previously announced offering of 0.00% Convertible Senior Notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index rose 0.2%, and the Real Estate Select Sector SPDR Fund gained 0.3%. Bitcoin rose 0.8% to $109,178, and the yield for 10-year US Treasuries was little changed at 4.09%. In regulatory news, the Federal Reserve pl...
Dallas Fed President Lorie Logan said Friday that she would have preferred to hold interest rates steady this week amid price pressures, taking the same policy view as that of her Kansas City counterpart. Logan is an alternate member of the Federal Open Market Committee this year, which means she gets to vote at a meeting if a scheduled voter is not available.
Financial stocks were mixed in late Friday afternoon trading with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund rose 0.3%. Bitcoin rose 0.8% to $109,178, and the yield for 10-year US Treasuries was little changed at 4.09%. In corporate news, Coinbase shares climbed ...
"Sometimes," wrote CIBC's Avery Shenfeld, in his regular 'The Week Ahead' column, "there's nothing more the doctor can do for you", in noting that was "essentially the message" from the Bank of Canada this past week, when it "delivered a much needed dose of interest rate relief, but suggested that its medicine chest might be bare in terms of any additional monetary easing unless the upcoming ne...
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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