PPL's capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement. The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.
The United Kingdom's October consumer price index ended up being less exciting than Deutsche Bank thought it could be. Headline CPI printed slightly above consensus and Bank of England expectations, at 3.6% y/y, supported by still sticky and elevated food price momentum, noted Sanjay Raja, Deutsche Bank's chief U.K. economist.
The October inflation data released earlier Wednesday in the United Kingdom is largely in line with market consensus -- that means no nasty surprises that could have raised doubts over the ability of the Bank of England to cut the key policy rate in December, said MUFG.
Cenovus Energy (CVE), which recently completed its acquisition of MEG Energy Corp, was at last look Wednesday down 0.3% in US premarket after announcing overnight that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes.
Plug Power Inc. (PLUG) today announced the pricing of $375.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2033 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering price of the notes is 95% of the principal amount of notes.
President Donald Trump issued his sharpest critique yet against Federal Reserve Chair Jerome Powell, while confirming that he?s begun interviewing candidates for the top central bank role.
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of Canadian Notes will be accessible through SEDAR+ within two business days. Cenovus Energy Inc. (CVE) announced today that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes.
The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season.?
Eos Energy Enterprises, Inc. (EOSE) today announced its intention to offer, subject to market and other conditions, $500,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The muni market has "demonstrated more conviction with steady demand and appealing relative yields weighing on the long-end while shifting dynamics on the short-end have led to municipals selling-off," said Tim Iltz, fixed income credit and market analyst at HJ Sims.
Plug Power Inc. (PLUG) today announced its intention to offer, subject to market conditions and other factors, $375 million aggregate principal amount of Convertible Senior Notes due 2033 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Financial stocks edged higher late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each adding 0.1%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund increased 0.4%. Bitcoin was increasing 1% to $93,060, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.12%. In corporate news, Chaince D...
Crown Holdings (CCK) said Tuesday that its subsidiary, Crown Cork & Seal, will repurchase its 7 3/8% Debentures due 2026 through a previously announced cash tender offer. The tender offer price is $1,036.53 per $1,000 principal, reflecting a 3.693% reference yield plus a 15-basis-point spread over US Treasuries maturing Dec. 15, 2026, according to the report.
Chicago Mayor Brandon Johnson is seeking City Council approval of $1.8 billion in new money general obligation bonds and $2 billion in refunding authority.
Inflation is unlikely to accelerate much from here on out as consumers trade down and cut back on expenses amid high prices, Richmond Fed President Tom Barkin said Tuesday. Last month, the Bureau of Labor Statistics reported that the consumer price index accelerated to 3% year over year in September.
New cost estimates for the repair of tolled Key Bridge in Baltimore, which is already under scrutiny by the Trump administration, indicate the price could be as much as $5.2 billion, more than double the original number.
Richmond Fed President Tom Barkin said that there are signs that the employment picture is weaker than some data would suggest and that inflation is not likely to increase considerably but would not comment on the appropriate action at the December FOMC meeting due to the lack of government data that would normally provide some guidance.
US benchmark equity indexes were lower intraday, weighed down by technology giants Microsoft (MSFT) and Amazon.com (AMZN) as traders parsed remarks by a Federal Reserve official.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.2% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was climbing 0.6%, and the Real Estate Select Sector SPDR Fund rose 0.6%. Bitcoin was increasing 1.6% to $93,569, and the yield for 10-year US Treasuries was slightly higher at 4.14%. In economic news, new order...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index was climbing 0.6%, and the Real Estate Select Sector SPDR Fund rose 0.5%. Bitcoin was increasing 1.4% to $93,422, and the yield for 10-year US Treasuries was slightly higher at 4.14%. In corporate news, Artisan ...
SoundHound AI Inc (SOUN) shares are trading lower Tuesday morning, extending a sharp sell-off that has wiped out over 41% of the stock's value in the past month. Hawkish comments from Federal Reserve officials have slashed hopes for a December rate cut, reigniting a tech sector selloff that is punishing speculative AI assets regardless of operational performance.
Hungary's central bank Tuesday said the Monetary Council left the key base rate at 6.50%, a move expected by the majority of economists. MNB noted in its policy statement that the Monetary Council also kept the o/n deposit rate at 5.50% and the o/n collateralized lending rate at 7.50%. MT Newswires does not provide investment advice.
Canada's consumer price index for October, released on Monday, showed little surprise for the markets -- up +0.2% month over month on a non-seasonally adjusted basis, said Rosenberg Research. The year-over-year trend eased to 2.2% from +2.4% in September, though a tad above Street views of a 2.1% year-over-year print.
Canadian housing starts declined 17% month over month in October, more than offsetting September's 14% month-over-month gain, said TD. However, starts remained elevated at 232,800 units last month. For context, 210,000 units was the pre-pandemic run rate for Canadian housing starts.
ADP's weekly measure of private payrolls showed a preliminary average decrease of 2,500 jobs in the four weeks ending on Nov. 1. This is the third national employment weekly report published by ADP. ADP noted that employers are continuously hiring new staff despite a slowdown in job creation. MT Newswires does not provide investment advice.
US equity futures were down ahead of Tuesday's opening bell as traders turned their focus to Nvidia's (NVDA) upcoming earnings and key labor market data due for release later this week.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was down 17% to 232,765 units compared with September's 279,174 units, said Canada Mortgage and Housing Corporation on Tuesday. October's drop was higher than the 265,000 consensus starts provided by MUFG.
The airport paired long fixed-rate debt with four- and seven-year mandatory tender bonds in the transaction honored as the Southwest (LUV) region's Deal of the Year.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for October 2025. North American corporate CUSIP requests totaled 8,236 in October, which is up 8.2% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 19.1% versus September totals.
Moody's placed a negative outlook on the higher education earlier this year. 2026 looks even more uncertain, according to a new report from the rating agency.
The yen has continued to weaken at the start of this week, resulting in USD/JPY hitting a fresh high overnight Monday of 155.38, said MUFG. It follows the release over the weekend of the latest gross domestic product report from Japan, confirming the economy contracted in Q3, wrote the bank in a note to clients.
Molina Healthcare (MOH) said late Monday it priced a $850 million private offering of 6.5% senior notes due Feb. 15, 2031, for about $838 million in expected net proceeds. The company expects the offering to close by Thursday and plans to use the net proceeds for general corporate purposes. Molina shares were up 2.8% in recent premarket activity Tuesday. MT Newswires does not provide investment advice.
Guotai Haitong Securities recently embraced a pleasant 3.88 billion-Hong Kong dollar sale of 7-year zero-coupon exchangeable bonds by its Hong Kong affiliate Guotai Junan Holdings Ltd. The bonds, rated BBB+ by Standard & Poor's and convertible to ordinary H-shares of Guotai Haitong's another affiliate in Hong Kong?SAR, Guotai Junan International Holdings Ltd. (GUOTF), are irrevocably guaranteed by pare...
Federal Reserve Governor Christopher Waller argued for "continuing rate cuts" on Monday, stating he supports cutting the Fed?s policy rate at its next meeting in December to manage risks from a deteriorating labor market. Speaking in London, Waller identified the ?weak labor market? as his primary focus, overriding concerns about inflation.
JP Morgan Asset Management's Bob Michele says the U.S. economy is ending the year on strong footing, with companies and consumers handling tariffs better than expected and a Federal Reserve rate cut potentially adding momentum heading into 2026.
Amazon.com, Inc. (AMZN) is raising $15 billion through its first U.S. dollar bond sale since 2021. On Monday, the company launched a six-part bond offering, according to a filing with the Securities and Exchange Commission. The issuance included $2.5 billion each in 2028 and 2030 notes, $1.5 billion in 2033 notes, $3.5 billion in 2035 notes, $3 billion in 2055 notes and $2 billion in 2065 notes.
Redwood Trust (RWT) said Monday it has priced an underwritten public offering of $100 million of 9.50% senior notes due 2030. The company said it has granted its underwriters a 30-day option to buy up to an additional $15 million of the notes. Redwood said it expects to close the offering on Nov. 19, with net proceeds to be used for general corporate purposes.
Federal Reserve Gov. Christopher Waller said in a speech Monday that private and public-sector data suggests that the labor market is continuing to weaken, making a 25 basis point rate cut in December a prudent choice.
The Toronto Stock Exchange closed lower on Monday with the Bank of Canada seen moving back to the sidelines on rates after today's October inflation update, while the Information Technology sector led decliners amid early nerves across North America ahead of Nvidia reporting results after the bell Wednesday, providing market watchers with clues on the state of play in artificial intelligence.
US equity indexes closed lower Monday amid persistent inflation concerns, which lowered expectations for a December interest rate cut by the Federal Reserve. * The chances of a quarter-point interest rate cut in December fell to 42.9% from 44.4% Friday, according to CME Group's FedWatch Tool.
The "data dumps" over the next several weeks could lead to market volatility, said Abdulla Begai, director and fixed income portfolio management at A&M Private Wealth Partners.
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each falling 1.9%. The Philadelphia Housing Index was dropping 2.5%, and the Real Estate Select Sector SPDR Fund was down 0.8%. Bitcoin was falling 2.6% to $91,792, and the yield for 10-year US Treasuries decreased 2 basis points to 4.13%. In corporate news,...
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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