Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund edged up 0.2%. Bitcoin rose 4.1% to $104,512, and the yield for 10-year US Treasuries rose 6.6 basis points to 4.16%. In corporate news, Hudson Pacific Propert...
Bristol-Myers Squibb (BMY) said Wednesday it priced a public offering of 5 billion euros of senior unsecured notes. The notes will be issued by the company's subsidiary BMS Ireland Capital Funding Designated Activity Company.
Fed Governor Stephen Miran said in an interview with Yahoo Finance that he believes it would be appropriate for the FOMC to continue lowering interest rates at its December meeting despite the lack of government data releases, indicating that he would like to get the policy rate closer to neutral quickly.
An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.
Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 0.7% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index fell 0.5%, and the Real Estate Select Sector SPDR Fund edged up 0.1%. Bitcoin rose 2.4% to $103,934, and the yield for 10-year US Treasuries gained 6 basis points to 4.15%. In corporate news, Lemonade shares surg...
The federal budget bill lowered the percentage of private-activity bonds needed for affordable housing projects to qualify for 4% tax credits, but it hasn't been the boon expected.
The US services sector returned to expansion in October, the Institute for Supply Management said Wednesday, while a survey by S&P Global (SPGI) indicated faster growth sequentially amid demand strength. The ISM's purchasing managers' index rose to 52.4 last month from 50 in September.
Freddie Mac today posted its 2026 funding calendar, which provides optional announcement dates for Reference Notes? securities and announcement dates for Reference Bills? securities.
The European stock markets closed higher in Wednesday trading as the Stoxx Europe rose 0.25%, Germany's DAX gained 0.42%, the FTSE 100 in London advanced 0.64%, France's CAC edged 0.08% higher, and the Swiss Market Index was up 0.46%. The euro area economy saw its strongest expansion in October since May 2023, as the seasonally adjusted HCOB Eurozone Composite PMI Output Index rose to 52.5 from...
Poland's central bank said Wednesday its Monetary Policy Council decided to reduce interest rates by 25bps, as expected: -- reference rate at 4.25% on an annual basis; -- lombard rate at 4.75% on an annual basis; -- deposit rate at 3.75% on an annual basis; -- rediscount rate at 4.30% on an annual basis; -- discount rate 4.35% on an annual basis. MT Newswires does not provide investment advice.
The Council of Federal Home Loan Banks today submitted comments to the Federal Housing Finance Agency on its draft Strategic Plan: Fiscal Years 2026?2030, expressing support for the agency?s continued efforts under Director Bill Pulte?s leadership to modernize oversight and reduce unnecessary regulatory burdens on the Federal Home Loan Banks.
The Institute for Supply Management's US services index rose to a reading of 52.4 in October from 50.0 in September, compared with expectations for a smaller increase to a reading of 50.8 in a survey compiled by Bloomberg as of 7:35 am ET.
Ramaco Resources (METCB) said Wednesday it has priced a public offering of $300 million of 0% convertible senior notes due 2031. Issuance and sale of the notes are expected to settle on Friday, the company said. Underwriters of the notes were given an option to buy up to an additional $45 million of notes to cover over-allotments, Ramaco said.
Last week's gross domestic product report in Canada showed a "nasty" 0.3% month-over-month drop in August, and yet growth will still manage to eke out a "tiny" gain for all of Q3, said Bank of Montreal. In the first eight months of the year, the economy has. managed to grow by 1.3% from the same period a year ago, noted the bank. That 1.3% growth pace is below average and is "meek," stated BMO.
Today, the Federal Home Loan Bank of Indianapolis announced that it has facilitated over $26 million in loans to community development financial institutions across Indiana and Michigan. CDFIs are mission-driven lenders that provide credit and financial services to communities traditionally underserved by mainstream financial institutions, including rural, urban and Native American communities.
ADP's monthly measure of private payrolls showed a 42,000 increase in October, well above expectations compiled by Bloomberg as of 7:35 am ET for an increase of 30,000 and the first monthly increase since July. The October gain followed an upwardly-revised 29,000 jobs decrease in September.
Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.
The main US stock measures were tracking in the red in Wednesday's premarket activity as traders await a key employment report from Automatic Data Processing and a fresh round of corporate earnings. The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down less than 0.1% and the Nasdaq was off 0.4% before the opening bell.
In light of recent market developments,?Michael Eisenga, CEO of First American Properties, felt compelled to issue a statement on his observations and concerns regarding liquidity conditions, central-bank policy shifts, and the implications for the housing market and broader economy.
Tuesday saw a good slate of deals, including the acceleration of Ohio's $508.865 million of GOs and Austin's $419.035 million of electric utility system revenue refunding bonds.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index increased 0.3%, and the Real Estate Select Sector SPDR Fund climbed 0.2%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is gainin...
Freddie Mac today announced it sold via auction 25 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio to Revolve Capital LLC. Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.2% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index increased 0.4%, and the Real Estate Select Sector SPDR Fund climbed 0.3%. Bitcoin fell 6.1% to $100,019, and the yield for 10-year US Treasuries decreased 2 basis points to 4.09%. In corporate news, UBS is ga...
Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.2%. Bitcoin was falling 5.8% to $100,427.60, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.09%. In cor...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.2%. Bitcoin was falling 5.8% to $100,427.60, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.09%. In cor...
Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.
Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.
Canada updates job market conditions with the Labour Force Survey for October on Friday, said Scotiabank. It's one of two readings before the next Bank of Canada decision on Dec. 10th, which dampens some of its significance to markets.
Westlake said Tuesday it has launched an underwritten public offering of senior unsecured notes and a concurrent cash tender offer to purchase any and all of its outstanding 3.60% senior notes due 2026.
Morgan Stanley said that while it expects an on-hold decision at Poland's central bank on Wednesday, it sees a 45% subjective probability for a 25bps rate cut. Morgan Stanley forecasts Sween's Riksbank to remain on hold on Wednesday.
LevelField.io, a leader in reputation-protection services, has announced the release of its latest whitepaper titled "The Hidden Cost of False Claims: How Low-Quality Dropshippers Harm Legitimate Brands." This comprehensive report arrives just in time for the holiday season, a period notorious for a spike in online shopping and deceptive marketing practices.
Morgan Stanley said it expects Brazil's central bank to keep rates unchanged at 15.00% on Wednesday, in line with the message of the last statement and minutes. Similar to the previous statements, the BCB will continue to lean hawkish, in the bank's view, reinforcing the need for "caution" in assessing the lagged impacts from the hiking cycle.
The Reserve Bank of Australia left its Cash Rate unchanged at 3.6% overnight Monday, as expected, said Commerzbank. Until recently, most economists had expected a cut in November, wrote Commerzbank in a note to clients. Due to expiring subsidies, a rise in inflation was expected.
A new report from the Global Electronics Association, ?Powering the U.S. Economy: The Economic Reach of Electronics Manufacturing,? finds that U.S. electronics manufacturing remains a powerful engine of economic growth and resilience?supporting 5.2 million American jobs, contributing $853 billion to U.S. gross domestic product, and generating $1.8 trillion in total economic output.
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 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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