Ventas (VTR) said late Tuesday its subsidiary, Ventas Realty, has priced an underwritten public offering of $500.0 million of 5.000% senior notes due 2036 at 99.510% of the principal amount. The company said it expects to close the offering Dec. 4, with proceeds to be used for general corporate purposes. MT Newswires does not provide investment advice.
American Tower (AMT) said late Tuesday it priced an $850 million offering of senior unsecured notes due 2032. The notes carry a 4.7% interest rate per year and were issued at 99.685% of face value. MT Newswires does not provide investment advice.
Check Point Software Technologies Ltd. (CHKP), a pioneer and global leader of cyber security solutions, today announced its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Financial stocks were mixed in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.4% and the Financial Select Sector SPDR Fund falling 0.1%. The Philadelphia Housing Index was down 0.2%, and the Real Estate Select Sector SPDR Fund was decreasing 0.1%. Bitcoin jumped 5.8% to $91,314, and the yield for 10-year US Treasuries was slightly lower at nearly 4.09%. In corporate ...
Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.4% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was up 0.2%, and the Real Estate Select Sector SPDR Fund was decreasing 0.1%. Bitcoin jumped 5.8% to $91,314, and the yield for 10-year US Treasuries was slightly lower at nearly 4.09%. In corporate news,...
Gold prices weakened for the first time in nine sessions early on Tuesday as the metal continues to run under its Oct. 20 record high despite the prospect for an interest-rate cut from the Federal Reserve next week. Gold for February delivery was last seen down US$59.80 to US$4,215.00 per ounce.
Doman Building Materials Group (CWXZF) on Tuesday said it closed a private placement offering of $170 million of 7.50% senior unsecured notes due Sept. 17, 2029. The company said the notes have identical terms, will be fungible with, and are a part of a single series.
Greystone, a leading national commercial real estate finance company, has provided a $24,477,000 Fannie Mae DUS? loan to refinance Manchester at Wesleyan, a 328-unit garden-style apartment community located in Macon, Georgia.
National Bank of Canada's baseline scenario involves the Bank of Canada on the sidelines through the end of 2026, but it agrees with OIS markets that there's some chance the BoC could cut next spring. To get to that outcome, National Bank will need to see a "soft" Labour Force Survey report this Friday. MT Newswires does not provide investment advice.
Canada's gross domestic product growth is projected to strengthen over 2026 and 2027, reaching 1.3% and 1.7% respectively, as the economy recovers from the trade slowdown in 2025 following higher United States tariffs, said the Organisation for Economic Co-operation and Development.
Herc Holdings (HRI) said Tuesday it intends to issue $1.2 billion in senior unsecured notes through a private offering, with maturities in 2031 and 2034. The company said it plans to use the proceeds to fully redeem its $1.2 billion of 5.50% notes due 2027 and cover associated costs.
Gold prices weakened for the first time in nine sessions early on Tuesday as the metal continues to run under its Oct. 20 record high despite the prospect for an interest-rate cut from the Federal Reserve next week. Gold for February delivery was last seen down US$38.90 to US$4,235.90 per ounce.
American consumers are seriously depressed, even as key economic data looks solid. The disconnect is stark and runs through every major sentiment survey. The downturn in U.S. consumer sentiment, as captured by the Conference Board and University of Michigan Survey Research Center, may look worrying ? but the broader economic data suggest Americans are, on paper, better off than ever.
Sterling has continued to trade at stronger levels at the start of this week after staging a relief rally following last week's Fall Statement, said MUFG. The broad-based correction lower for the US dollar helped to lift cable up to a high on Monday at 1.3275 as it moves further above the low from early November at 1.3010, wrote the bank in a note to clients.
A big undercurrent in the latest Canadian gross domestic product release was "hefty" upward revision to real growth in the prior three calendar years, totalling 1.4 percentage points, said Bank of Montreal. This didn't come out of the clear blue sky, as earlier provincial data had flagged the big switch, noted the bank.
Once again, inflation remains within 0.2 percentage point of the 2% target in the eurozone, said ING after headline inflation increased from 2.1 year over year to 2.2% in November. The higher inflation rate was mainly due to a smaller negative contribution from energy prices, wrote the bank in a note on Tuesday.
The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.
Based on data from the Calgary Real Estate Board for the Calgary economic region, National Bank said its preliminary estimate indicates that seasonally adjusted home sales edged up 1.8% from October to November, a deceleration from the 4.1% gain recorded the prior month. The uptick in resale market activity comes amid back-to-back rate cuts by the Bank of Canada in September and October.
The yen continued to trade at stronger levels overnight following Monday's gains, triggered by the clear signal from Governor Kazuo Ueda that the Bank of Japan is planning to resume rate hikes this month, said MUFG.
Through the choppy quarters and flattering recent headline results in Canadian gross domestic product, the economy is grinding out below-potential growth, said Bank of Montreal. Real GDP has now expanded 1.4% in the past year, through all the ups and down of the trade dispute with the United States, easing cycle and change of government, noted the bank.
Wall Street futures pointed modestly higher pre-bell Tuesday as traders awaited central bank decision in Tokyo and Washington, and monitored steady US Treasury values. In the futures, the S&P 500 rose 0.2%, the Nasdaq added 0.3% and the Dow Jones was up 0.1%. Yield on 10-year US Treasuries held under 4.10%, providing some comfort to bondholders and Federal Reserve watchers.
Societe Generale in its early Tuesday economic news summary pointed out: -- US dollar mixed, 10-year United States Treasury consolidates after 7bps jump on Monday to 4.086% on Japanese government bond sell off, higher oil, U.S. issuance. -- Day ahead: Eurozone flash consumer price index.
Asian stock markets were mixed and largely muted Tuesday, as traders awaited central bank decisions in Tokyo and Washington, and monitored unsettling plunges in Bitcoin values. Hong Kong edged higher, while Shanghai lost ground. In Japan, the Nikkei 225 opened higher, waffled and finished flat, as traders looked for more clues on potential pending Bank of Japan rate hikes.
Endeavour Silver (EXK) said late Monday it priced its offering of $300 million of 0.25% unsecured convertible senior notes due 2031. Initial purchasers have an overallotment option to buy up to $50 million of additional notes.
Endeavour Silver Corp. (EXK) announced today that it has priced its previously announced offering of unsecured convertible senior notes due 2031. The Notes will bear cash interest semi-annually at a rate of 0.25% per annum.
Enerflex Ltd. (EFXT) today announced that Enerflex Inc., a wholly owned subsidiary of Enerflex (EFXT), has priced its previously announced private offering of $400 million in aggregate principal amount of 6.875% senior notes due 2031.
IREN Limited (IREN) today announced its intention to offer, subject to market and other conditions, $1 billion aggregate principal amount of convertible senior notes due 2032 and $1 billion aggregate principal amount of convertible senior notes due 2033 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as a...
The muni market recorded its fourth straight month of positive returns in November and December is likely to keep the streak going with another strong month to round out the year.
US equity indexes closed lower Monday amid a broad market retreat as Treasury yields jumped. * The Institute for Supply Management said the US manufacturing index fell to 48.2 in November from 48.7 in October, missing economists' expectations for a rise to 49, according to a Bloomberg survey.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund decreasing 0.6%. The Philadelphia Housing Index declined 0.5%, while the Real Estate Select Sector SPDR Fund fell 1.1%. Bitcoin was falling 6.5% to $85,512, and the yield for 10-year US Treasuries jumped 7.5 basis points to 4.09%. In economic news, the ...
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index down 0.5% and the Financial Select Sector SPDR Fund decreasing 0.6%. The Philadelphia Housing Index declined 0.5%, while the Real Estate Select Sector SPDR Fund fell 1.1%. Bitcoin was falling 6.5% to $85,512, and the yield for 10-year US Treasuries jumped 7.5 basis points to nearly 4.09%. In corporate ne...
US benchmark equity indexes were lower intraday as a survey showed continued contraction in the manufacturing sector, while markets awaited remarks by Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average was down 0.3% at 47,569.5 after midday Monday, while the S&P 500 and the Nasdaq Composite fell 0.1% each to 6,842.9 and 23,345.4, respectively.
Gold traded higher midafternoon on Monday, climbing for a seventh-straight session as traders anticipate another cut to interest rates from the Federal Reserve next week.
Two surveys released Monday painted a mixed picture of the US manufacturing sector for November, with Institute for Supply Management data showing continued contraction and an S&P Global (SPGI) report indicating slight deceleration in growth. The ISM purchasing managers' index fell to 48.2 last month from 48.7 in October, marking a ninth consecutive month of contraction.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund decreasing 0.3%. The Philadelphia Housing Index rose 0.3%, while the Real Estate Select Sector SPDR Fund fell 1.1%. Bitcoin was falling nearly 6% to $85,041, and the yield for 10-year US Treasuries jumped 8 basis points to nearly 4.10%. In economic news, the...
US equity indexes headed for the first decline in six trading sessions in midday trading on Monday amid a surge in government bond yields. The Dow Jones Industrial Average declined 0.4% to 47,522.1, with the S&P 500 down 0.2% to 6,837.4 and the Nasdaq Composite 0.1% lower at 23,338.7. Last week, on the holiday-shortened Friday, all three gauges rose for the fifth consecutive trading session.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund decreasing 0.3%. The Philadelphia Housing Index rose 0.3%, while the Real Estate Select Sector SPDR Fund fell 1.1%. Bitcoin was falling nearly 6% to $85,041, and the yield for 10-year US Treasuries jumped 8 basis points to nearly 4.10%. In corporate news, Go...
ASML's (ASML) long-term issuer default rating was affirmed at A+ by Fitch Ratings on Monday, with a stable outlook. Fitch said that key drivers for the rating were the company's "exceptionally strong" position in the market as a lithography tool manufacturer, a favorable growth outlook, and limited threat from alternative technologies.
After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin, said National Bank of Canada. Trade data was the main driver of this volatility, significantly boosting growth in Q3 after holding it back in Q2, noted the bank.
All three major US stock indexes were edging lower in late-morning trading Monday as November Institute for Supply Management's US manufacturing index declined unexpectedly from October. In company news, Synopsys (SNPS) said it has expanded its strategic partnership with Nvidia (NVDA) to link its engineering software more closely to the chipmaker's AI and accelerated computing platforms.
The Canadian economy Friday surprised to the upside in a "major way" in Q3, with real gross domestic product expanding at a 2.6% annual rate, which blew a hole through the 0.5% consensus estimate -- and more than wiped out the 1.8% annualized Q2 contraction, said Rosenberg Research.
The Institute for Supply Management's US manufacturing index fell to 48.2 in November from 48.7 in October, compared with expectations for an increase to a 49.0 reading in a survey compiled by Bloomberg as of 7:55 am ET. There were declines in the readings for new orders, employment and order backlogs but gains in the readings for production and prices.
The S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide an overview of the health of the manufacturing sector, came in at 48.4 in November, down from October's 49.6, said S&P Global on Monday.
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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