Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.8%. The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund lost 0.7%. Bitcoin fell 2.9% to $98,589, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%. In economic news, according to the Fed...
Multi-layered state oversight, strict fiscal safeguards and durable revenue pledges support New York City GO and TFA bonds even as investors brace for policy shifts under mayor-elect Zohran Mamdani.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index dropping 0.6% and the Financial Select Sector SPDR Fund shedding 0.8%. The Philadelphia Housing Index declined 0.5%, and the Real Estate Select Sector SPDR Fund lost 0.7%. Bitcoin fell 2.4% to $99,204, and the yield for 10-year US Treasuries climbed 4.3 basis points to 4.11%. In corporate news, Carlyle is explorin...
After a downside surprise in September, Deutsche Bank said it thinks United Kingdom inflation will likely step down in October. The expected increase is due to larger rises in airfares and university fees, noted the bank. The bank sees the headline consumer price index at 3.68% year over year, with core CPI at 3.57% year over year.
The European stock markets closed lower in Thursday trading as the Stoxx Europe was off 0.59%, Germany's DAX was down 1.39%, the FTSE 100 fell 1.05%, France's CAC declined 0.11%, and the Swiss Market Index dropped 0.41%. In the UK, the estimated monthly gross domestic product declined 0.1% in September, after registering no growth in August, according to the Office for National Statistics.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.24%. ?Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,? said Sam Khater, Freddie Mac?s Chief Economist.
Illinois lawmakers sent Gov. JB Pritzker a bill to facilitate the use of STAR bonds for economic development, which has happened only once in 15 years.
Gartner (IT) said Thursday it has commenced a registered public offering of senior unsecured notes under a shelf registration statement. The company said it plans to use net proceeds to repay borrowings under its existing revolving credit facility, cover related fees and expenses, and for general corporate purposes. Gartner (IT) said the offering's completion is subject to market and other conditions.
ABN Amro said it assumes that stepped-up targeted stimulus in China will be mainly about containing the downturn. Particularly against the background of the ongoing United States-China power play, it's unlikely that Beijing would tolerate a sharp deceleration in annual gross domestic product growth next year, noted the bank.
The Monetary Authority of Singapore sees a wholesale CBDC as an anchor for a system in which private settlement assets are used for different market needs.
The Australian labor market report for October, published overnight Wednesday, contained some positive surprises, said Commerzbank. Job creation was more than twice what was expected, with over 40,000 new jobs being created, which contributed to a stronger-than-expected decline in the unemployment rate, wrote the bank in a note to clients.
Greenlight Capital Re, Ltd. (GLRE) today announced that AM Best has upgraded the Financial Strength Rating to ?A? from ?A-?, and the Long-Term Issuer Credit Rating to ?a? from ?a-? of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC, each a wholly owned subsidiary of the Company.
Numerator, a data and technology company providing insights into consumer behavior, released its October 2025 Numerator Consumer Price Index with an advance read on inflation trends across everyday consumer goods. Similar to the U.S. Bureau of Economic Analysis? published indices, the Numerator CPI tracks price changes over time and captures how consumer buying behavior evolves alongside them.
The biggest movers early Thursday have been the Australian and New Zealand dollars, said MUFG. The Australian dollar extended its advance following the release of the stronger-than-expected Australian employment report for October, wrote the bank in a note to clients.
The math has stopped working on the American Dream. The middle-class milestone lifetime bill has crossed $5 million, as the latest infographic from Visual Capitalist shows. Healthcare has become a financial trap masquerading as a basic need. Medical inflation outpaces the Consumer Price Index by roughly three percentage points annually, KFF analysis showed. And if you live longer, you pay more.
Federal Housing Finance Agency chief Bill Pulte called the proposed 50-year mortgage a ?complete game changer. In a note published Nov. 10, UBS analysts John Lovallo, Spencer Kaufman, and Matthew Johnson said extending a traditional 30-year mortgage to 50 years could roughly double the total interest a borrower pays over the life of the loan, reported Bloomberg.
As Deutsche Bank collects all the main United Kingdom macroeconomic data points for the summer period, it's clear that the summer of 2025 was a little "disappointing," said Sanjay Raja, the bank's chief U.K. economist. With inflation picking up again and unemployment rising, gross domestic product growth took another step down.
Sterling has continued to underperform at the start of the European trading session following the release of Thursday's weaker-than-expected United Kingdom Q3 gross domestic product, said MUFG. It has resulted in EUR/GBP rising to a fresh high of 0.8844 as the pair extends its advance above the 0.8800 level this week, wrote the bank in a note to clients.
European bourses tracked modestly higher midday Thursday as traders digested the end to the US government shutdown, and awaited new market catalysts. Markets may move following the latest US consumer price index bulletin, slated for Thursday, and a raft of economic data from mainland China, scheduled for release on Friday.
Wall Street futures pointed sideways pre-bell Thursday, as the US government shutdown drama moved offstage, and the earnings season ebbed. Traders await the October consumer price index bulletin from Washington at 8:30 am ET, with expectations running towards a 3.1% rise on-year by the metric, and a 3% lift on the CPI-core, that strips out food and energy bills.
Fed Gov. Stephan Miran has spent his short tenure at the central bank arguing that disinflation in housing and immigration reforms will tamp down inflation in the near term. But other economists say the timing, degree and context of those effects is very much in question.
Bitdeer Technologies (BTDR) said late Wednesday it plans a $400 million private placement of convertible senior unsecured notes due 2031. The company intends to provide a 13-day overallotment option to the initial purchasers to buy up to an additional $60 million of the notes.
Commercial Metals (CMC) said late Wednesday it priced an offering of $1 billion of 5.75% senior notes due Nov. 15, 2033, and $1 billion of 6% senior notes due Dec. 15, 2035. The company plans to use the net proceeds to fund its acquisition of Foley Products, among other things. The offering is expected to close by Nov. 26. MT Newswires does not provide investment advice.
Prospera Energy Inc. Convertible Debt OfferingProspera Energy Inc. (GXRFF) is pleased to announce an update regarding its previously announced convertible debt offering on May 12th and September 29th, 2025. Proceeds from the offering will be used to reactivate wells, optimize production, and strengthen working capital.
XPLR Infrastructure (XIFR) said late Wednesday that its subsidiary, XPLR Infrastructure Operating Partners, has priced a $750 million private offering of 7.75% senior unsecured notes due 2034. The notes, which pay interest semiannually, are expected to close on Nov. 21.
Digital Realty Trust (DLR) said late Wednesday it priced 1.4 billion euros in senior unsecured notes through its unit Digital Euro Finco, comprising 600 million euros of 3.75% notes due 2033 and 800 million euros of 4.25% notes due 2037. The notes, fully guaranteed by Digital Realty (DLR) and its operating partnership, were priced at 99.935% and 99.364% of face value, respectively.
Host Hotels & Resorts, Inc. (HST), the nation?s largest lodging real estate investment trust, today announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its offering of $400 million aggregate principal amount of 4.250% Senior Notes due 2028.
"Continuing yield stability ... suggests a comfortable market that, even with the shutdown apparently close to ending, may resist/lag potential price/yield changes in taxables," said Matt Fabian, president of Municipal Market Analytics.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. The government shutdo...
The Federal Reserve should keep its monetary policy steady until there's "clear evidence" that inflation is approaching the central bank's 2% goal, Atlanta Fed President Raphael Bostic said Wednesday.
Financial stocks rose in late Wednesday afternoon trading, with the NYSE Financial Index up 0.8% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.2%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin was declining 1.4% to $101,603, and the yield for 10-year US Treasuries dropped 5.5 basis points to 4.07%. In corporate news, Ma...
Atlanta Fed President Raphael Bostic said that he will retire when his current term ends on Feb. 28. In comments later in the day, Bostic said the current stance of monetary policy is "marginally restrictive" and does not require immediate action from the FOMC, but added that he would be open to changing his mind if incoming information suggests a need for a different path.
Financial stocks rose in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.9%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.9% to $101,259, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporate news, Cit...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund adding 1%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.4%. Bitcoin was declining 1.6% to $101,465, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%. In corporat...
The new hires in four major offices bring expertise and regional coverage to better serve the firm's clients, and Loops plans to expand further to build on its existing strengths.
The Texas city could revisit plans for a desalination project to boost its dwindling water supply with the city council scheduled to consider it next week.
The current stance of monetary policy is "marginally restrictive" and does not require immediate action from the Federal Open Market Committee, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday in prepared remarks to Atlanta Economics Club.
European stock markets closed higher on Wednesday, adding to gains this week, with the Stoxx Europe 600 up 0.71%, Germany's DAX gaining 1.22%, the FTSE 100 increasing 0.12%, France's CAC rising 1.04%, and the Swiss Market Index adding 0.72%. In Germany, the country's statistics office said Wednesday that inflation eased in October to 2.3% from the 2.4% rate in September.
The Toronto Stock Exchange is up 378 points and is trading at record-high levels, with most sectors higher. The best performers are miners, industrials and financials. Energy, and telecoms, are the sole decliners. The Bank of Canada will release the 'Summary of Deliberations' around its October 29 meeting and rates decision this afternoon.
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.
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