Bowhead Specialty (BOW) said Thursday that it has priced a public offering of $150 million worth of its 7.750% senior notes due 2030. The offering is expected to close on Tuesday. The company said it plans to use proceeds of the offering to make capital contributions to its insurance subsidiary and for other general corporate purposes. MT Newswires does not provide investment advice.
US equity indexes fell on Thursday, reversing a rally fueled by Nvidia (NVDA), as government bond yields slid and volatility surged amid concern that the September nonfarm payrolls could complicate the path for an interest-rate cut in December.
The Nasdaq Composite fell to its lowest level in more than two months on Thursday after a labor market report showed the unemployment rate hitting the highest level since 2021, while Nvidia (NVDA) reversed its post-earnings rally. The Nasdaq plunged 2.2% at 22,078.1, its weakest close since Sept. 11.
The long-awaited jobs report paints a mixed picture for market participants: nonfarm payrolls increased by a greater-than-expected119,000 in September, but the unemployment rate rose to 4.4%.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund decreasing 0.4%. The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund increased 0.2%. Bitcoin fell 2.8% to $86,723, and the yield for 10-year US Treasuries dropped 2.9 basis points to 4.10%. In economic news, September no...
US equity indexes fell amid a drop in government bond yields and higher volatility ahead of the close on Thursday, giving up all gains following the market open.
Monetary policy easing by the Federal Reserve to support a weakening labor market risks prolonging the period of already-high inflation, Cleveland Fed President Beth Hammack said Thursday.
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.2% and the Financial Select Sector SPDR Fund decreasing 0.3%. The Philadelphia Housing Index rose 0.4%, and the Real Estate Select Sector SPDR Fund increased 0.2%. Bitcoin was falling 2.8% to $86,723, and the yield for 10-year US Treasuries decreased 2.9 basis points to 4.10%. In corporate n...
The long-delayed September employment report was mixed, with payrolls growth stronger than expected, the unemployment rate up, and hourly earnings growth slower. Nonfarm payrolls rose by 119,000 in September after a 4,000 decline in August and a 72,000 gain in July, both revised lower from their previous estimates.
Cleveland Fed President Beth Hammack said that there are risks to lowering the federal funds rate further, particularly if it keeps inflation elevated and encourages risk taking. Hammack said that labor market softening has not been as severe as expected and that the FOMC needs to keep policy "somewhat restrictive" to lower inflation.
Cenovus Energy (CVE) on Thursday said it completed a public offering in Canada and the U.S. of $2.6 billion in senior notes. The senior notes are comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036.
Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs. Following the delayed release of September's employment data, Bank of America economists said the rising unemployment rate makes a "dovish hold" the most likely outcome for December.
US benchmark equity indexes were lower intraday as a long-awaited labor market report showed the unemployment rate at the highest level since 2021, while Nvidia (NVDA) reversed its post-earnings rally. The Nasdaq Composite was down 1% at 22,334.2 after midday Thursday, while the S&P 500 fell 0.7% to 6,596.
Gold prices eased early on Thursday even as the dollar and treasuries weakened as hopes for a December interest-rate cut from the Federal Reserve continue to fade. Gold for December delivery was last seen down $16.30 to US$4,066.50 per ounce.
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the Financial Select Sector SPDR Fund easing 0.2%. The Philadelphia Housing Index gained 0.8%, and the Real Estate Select Sector SPDR Fund rose 0.5%. Bitcoin was falling 4.4% to $87,399, and the yield for 10-year US Treasuries was decreasing 2.7 basis points to 4.11%. In economic news, S...
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the Financial Select Sector SPDR Fund falling 0.2%. The Philadelphia Housing Index gained 0.8%, and the Real Estate Select Sector SPDR Fund rose 0.5%. Bitcoin was falling 4.4% to $87,399, and the yield for 10-year US Treasuries was decreasing 2.7 basis points to 4.11%. In corporate news,...
US equity indexes fell amid a surge in volatility after midday Thursday, giving up all gains following a blockbuster earnings report from Nvidia (NVDA) overnight.
Existing home sales in the US rose more than expected last month amid lower mortgage rates, data from the National Association of Realtors showed Thursday. Sales grew 1.2% sequentially to a seasonally adjusted annual rate of 4.10 million units in October.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.26%. ?Mortgage rates have been shifting within a narrow ten-basis point range over the last month. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
There was an increase in Canadian existing home sales in October, but the fundamental trends remain bearish as both sales and prices are down on a year-over-year basis, said Rosenberg Research.
The Kansas City Fed monthly manufacturing index rose to a reading of 8 in November from 6 in October, compared with expectations for a decrease to a 3 print in a survey compiled by Bloomberg as of 7:35 am ET, indicating faster expansion in the sector. Other regional manufacturing data already released have been mixed.
MarketAxess Holdings (MKTX), which operates an electronic trading platform for corporate bonds and other fixed-income securities, is facing a potentially benign credit outlook that may weigh on secondary volumes into 2026, Morgan Stanley said Thursday in a report. Morgan Stanley downgraded MarketAxess (MKTX) shares to equal weight from overweight and lowered its price target to $209 from $247.
Secure Waste Infrastructure (SECYF) said Thursday that it has closed its $300 million private placement of 5.75% senior unsecured notes due 2032. Proceeds will be used to pay down debt and for general corporate purposes. Secure Waste is up $0.37, to $18.56, on the Toronto Stock Exchange. Price: 18.55, Change: +0.36, Percent Change: +1.98. MT Newswires does not provide investment advice.
The US economy saw stronger-than-expected job growth in September, though the unemployment rate hit the highest level since 2021, according to a report that was delayed due to the recent federal government shutdown. Total nonfarm payrolls rose by 119,000 two months ago, the Bureau of Labor Statistics reported Thursday, more than the 51,000 increase expected in a survey compiled by Bloomberg.
Rwanda's central bank on Thursday said its Monetary Policy Committee decided to maintain the Central Bank Rate at 6.75%. That level is considered "adequate" to keep inflation within the target range, stated BNR. MT Newswires does not provide investment advice.
Cenovus Energy Inc. (CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036.
Existing-home sales increased by 1.2% in October, according to the National Association of REALTORS? Existing-Home Sales Report. Month-over-month sales increased in the Midwest and South, showed no change in the Northeast, and fell in the West.
The pace of US existing home sales rose by 1.2% to a 4.10 million seasonally adjusted annual rate in October from 4.05 million in September, compared with a smaller expected increase to a 4.08 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Thursday showed. Total sales were up 1.7% from a year earlier.
Rosenberg Research said it took a closer look at the Canadian consumer price index that was released on Monday for October and it has become clear that inflation shouldn't be an obstacle for more Bank of Canada rate cuts. All the more so with the woeful October housing starts data, which raises the odds of another quarterly contraction in Q4, noted Rosenberg Research.
Getty Realty (GTY) said Thursday it has signed agreements to issue $250 million of senior unsecured notes in a private placement. The notes, which have a 10-year term and a fixed interest rate of 5.76%, are slated to fund on Jan. 22, 2026, the company said.
Gold prices eased early on Thursday even as the dollar and treasuries weakened as hopes for a December interest-rate cut from the Federal Reserve continue to fade.
US initial jobless claims fell to a level of 220,000 in the employment survey week ended Nov. 15 from a 228,000 level in the previous week, compared with expectations for a decrease to 227,000 in survey of analysts compiled by Bloomberg as of 7:35 am ET. Initial claims were at a level of 232,000 in the employment survey week ended Oct. 18.
The September employment report showed nonfarm payrolls rose by 119,000, well above the 51,000 jobs increase expected in a survey compiled by Bloomberg as of 7:35 am ET, while August payrolls saw a sharp downward revision to a 4,000 decrease and July payrolls were revised down to a 72,000 increase, for a net downward revision of 33,000 jobs.
The Virginia Port Authority wanted to secure the future of a key container shipping facilty. The result is the Bond Buyer's Southeast Deal of the Year.
Getty Realty Corp. (GTY) announced today that it has entered into agreements to issue $250 million of senior unsecured notes with a ten-year term and a fixed interest rate of 5.76%. The Notes are scheduled to fund on January 22, 2026, and proceeds will be used to repay amounts outstanding under the Company?s $450 million revolving credit facility and for general corporate purposes, including to fund ...
The US dollar rose against its major trading partners early Thursday, except for a decline versus the pound, ahead of the release of long-delayed September employment data at 8:30 am ET, at the start of a busy day of economic reports and appearances by Federal Reserve officials.
US equity markets were tracking in the green before the opening bell Thursday as investors assess tech bellwether Nvidia's (NVDA) latest quarterly results and await the delayed national employment situation report for September. The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 1.6% in premarket activity.
Vizsla Silver (VZLA), which at last look dropped near 13% in U.S. pre-market trading, said it has priced an offering of convertible senior unsecured notes due 2031 totaling US$250 million. The notes will bear cash interest semi-annually at a rate of 5.00% per annum.
Eos Energy Enterprises, Inc. (EOSE) today announced the pricing of its offering of $525,000,000 aggregate principal amount of 1.75% 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.
Wall Street futures advanced in premarket hours Thursday as Nvidia's fiscal Q3 earnings beat lifted market sentiments, while investors await the release of the delayed September jobs report. The S&P 500 was up 1.2%; the Dow Jones was 0.6% higher; and the Nasdaq was advancing by 1.6% in recent pre-bell activity.
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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