Friday's session produced a significant selloff in Government of Canada rates -- the largest single-day two-year yield increase since October 2024 -- catalyzed by yet another stronger-than-expected Labour Force Survey report, said National Bank of Canada.
Image: Bitcoin Munari Bitcoin Munari will close its Round 4 presale tonight at a fixed price of $0.50, marking a scheduled transition to the project?s next pricing stage amid continued caution across the broader crypto market. This movement unfolded against a macro environment characterized by reduced expectations of a December rate cut ahead of the US Federal Reserve?s December 11 meeting.
Antero Midstream (AM) said Tuesday it plans to sell $500 million of senior unsecured notes due 2034 in a private placement to eligible investors. The company said it plans to use the proceeds, together with borrowings under Antero Midstream Partners LP's revolving credit facility and cash from the sale of its Utica Shale midstream assets, to fund the purchase of HG Energy II Midstream Holdings.
Morgan Stanley said it expects the Brazilian central bank to keep rates unchanged at 15.00% on Wednesday. BCB's policymakers will keep a hawkish tone, in the bank's view, reinforcing the need for caution to assess cumulative impacts of the hiking cycle. MT Newswires does not provide investment advice.
US equity futures were flat ahead of Tuesday's opening bell as the Federal Reserve kicked off its policy-setting meeting. Dow Jones Industrial Average futures were flat, S&P 500 futures were little changed, and Nasdaq futures were down 0.1%. The Federal Open Market Committee begins its two-day meeting Tuesday, concluding with a monetary policy statement at 2 pm ET Wednesday.
The Bank of Canada will hold its final policy decision of the year on Wednesday, with the statement out at 9:45 a.m. ET, said TD. Before November's employment report, it was already expected that interest rates would stay unchanged, and last Friday's Labour Force Survey confirms this view, noted the bank. More important is how the Governing Council guides the outlook, stated TD.
Reflecting the recent improvement in its labor market, Canada's unemployment rate -- comparable with the United States rate methodology and seasonally adjusted -- fell to a more than one-year low of 5.5% in November after hitting 6.1% in August, said Bank of Montreal.
Payscale, the leading provider of compensation intelligence solutions, today released its 2025 End of Year Top Jobs Report, uncovering key trends shaping the labor market as we enter 2026. Development Operations Engineers are seeing the fastest overall wage growth at 12% year-over-year with a median salary of $131,000.
US equity futures were trending higher on Tuesday as President Donald Trump said he will allow Nvidia (NVDA) to sell its H200 artificial intelligence chips to China, while traders await a decision on interest rates from the Federal Reserve. The S&P 500, the Dow Jones Industrial Average and the Nasdaq edged up 0.1% each in premarket activity.
A hold by the Bank of Canada at Wednesday's policy meeting should be relatively uncontroversial, said RBC. After October's rate cut, policymakers signaled that "the current policy rate is about the right level" to deliver low, steady inflation while supporting growth through uncertainty.
BMI Research has struck an optimistic but cautious outlook for the metals market in 2026. As clarified in the note "Mining and Metals Key Themes For 2026: Global Economic Stability to Drive Gains," BMI forecasts that "the global economy [will] stabilize with easing trade frictions," helping to underpin commodity consumption. A key factor, as BMI sees it, is diminishing tariff uncertainty.
After reaching a record wide earlier this year, the gap between U.S. 10-year Treasury yields and like-dated Government of Canada bonds has narrowed sharply in recent weeks, Bank of Montreal said. At one stage in early February, at the height of the U.S.-Canada tariff uncertainty, the spread gapped out to 158 bps, with U.S. yields trading above Canada, the bank noted.
European bourses tracked evenly midday Tuesday as traders awaited the Federal Reserve's rate decision on Wednesday, and weighed recent advances in benchmark bond yields. Food and bank stocks edged higher on continental trading floors, while retail shares lagged. Investors also eyed muted Wall Street futures and generally softer closes overnight on Asian exchanges.
The Australian dollar strengthened overnight Monday following the Reserve Bank of Australia's latest policy meeting, said MUFG. It helped lift the AUD/USD rate to within touching distance of 0.6650 and extended the Australian dollar's position as the best-performing G10 currency so far this month, wrote the bank in a note to clients.
Asian stock markets traded mixed on the low side Tuesday, as traders weighed overnight declines on Wall Street, and signals from Beijing while awaiting the latest monetary policy announcement and outlook by the US Federal Reserve due Wednesday. Tokyo finished marginally in green, while Hong Kong and Shanghai lost ground.
US equity indexes fell on Monday, taking a breather near record highs, as gains in government bond yields signal potential unease with policy guidance expected from the Federal Reserve by mid-week.
A 25-basis-point cut is almost fully priced for the Dec. 10 Federal Reserve meeting, with CME FedWatch data showing nearly a 90% chance for the third straight interest-rate reduction. Yet, some analysts are warning traders not to get overly excited about the move itself.
The Toronto Stock Exchange fell for a second-straight session on Monday on fading expectations for an interest-rate cut this week from the Bank of Canada. The S&P Composite Index closed down 141.44 points to 31,169.97, continuing to drop off last Thursday's record high of 31,477.57. Most sectors were lower, with communication services, health care and materials leading the decliners.
Issuers mostly avoided pricing deals in the previous weeks the Fed met this year, but that's not the case this week, said Pat Luby, head of municipal strategy at CreditSights, and Wilson Lees, an analyst at the firm.
US equity indexes closed lower Monday as government bond yields rose and investors awaited the Fed's upcoming decision on interest rates. * Ahead of the Fed meeting, the current chances of the Federal Open Market Committee announcing a 25-basis-point reduction in interest rates on Wednesday are 89.4%, up from 86.2% on Friday, according to the CME FedWatch tool.
This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.6%. The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund was down 0.4%. Bitcoin was 1.1% lower at $90,463, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.17%. In sector news, Oppenh...
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.6%. The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund was down 0.4%. Bitcoin was 1.1% lower at $90,463, and the yield for 10-year US Treasuries was rising 3.5 basis points to 4.17%. In corporate news, Bla...
US equity indexes fell in midday trading on Monday amid gains in government bond yields and the dollar as investors keenly await monetary policy projections from an interest rate-setting meeting mid-week.
The Toronto Stock Exchange's S&P/TSX Composite Index weakened for a third-straight session midday on Monday on fading expectations for an interest-rate cut this week from the Bank of Canada.
Silver steadied near $58.50 an ounce in Asian trading on Monday, just below last week's all-time high, as traders braced for a widely expected Federal Reserve rate cut. The metal has more than doubled this year, outperforming gold's 60% surge by a wide margin. One-month lease rates in London remain near 6%, underscoring how scarce physical supply has become.
Consumer expectations for one-year US inflation growth remained at a 3.2% gain in November after falling to that point in October, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations remained at a 3.0% gain for the three-year period and five-year periods.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $6 million offering from Somers Point City School District, N.J., records a Flood Score of 4.7 out of 5.0, ICE reports.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust was 0.4% higher in Monday's premarket activity as investors hope the Federal Reserve will announce a rate cut this week.
Investors are about to get a chance to buy bitcoin-backed municipal bonds. It won't be the last, according to the team behind the New Hampshire-based deal.
The US dollar was mixed against its major trading partners early Monday -- up versus the pound and yen, down versus the euro and Canadian dollar -- as the focus turns to the two-day rate setting Federal Open Market Committee meeting conclusion Wednesday.
The benchmark US stock measures were tracking in the green before the opening bell Monday as investors await a major policy decision by the Federal Reserve later in the week. The S&P 500 edged up 0.1%, the Dow Jones Industrial Average was slightly in the green and the Nasdaq added 0.2% in premarket activity.
CoreWeave (CRWV) said Monday it plans a private offering of $2 billion of convertible senior notes due Dec. 1, 2031. The company intends to grant the initial purchasers an option to buy up to an additional $300 million of the notes. It will use proceeds from the offering to fund certain capped call transactions and for general corporate purposes.
European bourses were mixed midday Monday as traders awaited interest rate decisions this week from the US Federal Reserve, the Swiss National Bank, the Reserve Bank of Australia, and the Bank of Canada. Yields on benchmark German, Japanese, and US government 10-year bonds inched higher in trading. The European Central Bank and the Bank of Japan will also render rate decisions later this month.
Bitcoin pushed back above $92,000 during Monday?s Asia session as traders priced in a likely Federal Reserve rate cut this week; altcoins continued to lag.
Wall Street futures pointed modestly higher pre-bell Monday as traders await the Wednesday afternoon rate decision from the Federal Reserve. There is a four-in-five chance Fed Chair Jerome Powell's central bank will announce a 0.25% rate cut, according to the CME Group FedWatch Tool. In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.2% and the Dow Jones was steady.
Asian stock markets churned on Monday, as property issues pressured China-exposed exchanges, while traders awaited upcoming decisions from the Bank of Japan and the Federal Reserve. Shanghai and Tokyo finished in the green, while Hong Kong lagged.
Crude oil prices declined on Monday as investors remain in a wait-and-see mode regarding impacts of U.S. Federal Reserve interest rates and geopolitical developments on the oil market.
Investor Kevin O?Leary warned that inflation remains a greater threat to the U.S. economy than the financial markets want to admit, while arguing that aggressive political pressure on the Federal Reserve risks undermining the country's global credibility.
ING reports outcome of 2025 EU-wide transparency exercise ING Group acknowledges the announcement from the European Banking Authority and the European Central Bank regarding the 2025 EU-wide Transparency Exercise.
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
US equity indexes rose this week as the odds of a third consecutive interest rate cut remained elevated amid supportive macroeconomic data and as leadership returned to high-growth sectors. * The S&P 500 closed at 6,870.40 on Friday versus 6,827.70 a week ago. * Technology and communication services were the top two sectors this week, a return of leadership to high-growth areas.
The Nasdaq Composite extended its winning streak to a fourth straight session on Friday, as Wall Street logged back-to-back weekly gains amid expectations that the Federal Reserve will cut interest rates next week. The Nasdaq rose 0.3% to close at 23,578.1. The Dow Jones Industrial Average and the S&P 500 each gained 0.2% to end at 47,955 and 6,870.4, respectively.
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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