PennyMac Mortgage Investment Trust (PMT) today announced that its indirect wholly-owned subsidiary, PennyMac Corp., has priced an offering of $75 million aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029 to certain investors in a direct placement registered under the Securities Act of 1933, as amended.
Wall Street was mostly higher on Thursday - the Dow and Russell 2000 indices hit new highs but the Nasdaq fell - while shock U.S. jobless claims figures rekindled concern over the labor market and dragged the dollar and Treasury yields lower. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
Wall Street was mostly higher on Thursday - the Dow and Russell 2000 indices hit new highs but the Nasdaq fell - while shock U.S. jobless claims figures rekindled concern over the labor market and dragged the dollar and Treasury yields lower. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
"With its third straight rate cut, the Fed is sending a clear message: it's no longer just watching inflation ? it's managing risk," said Gina Bolvin, president of Bolvin Wealth Management Group.
All amounts in Canadian dollars unless otherwise stated VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / RE Royalties Ltd (RROYF). is pleased to provide an update on the Company's near-term investment opportunities, current investments with existing clients, Series 1 Green Bonds, appointment of Alexa Blain to the Board of Directors, listing on the Frankfurt Stock Exchange, and dividend policy.
The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank's Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pressure from President Donald Trump and his administration.
WSFS Financial Corporation (WSFS), the parent company of WSFS Bank, today announced that it has completed the public offering of $200 million aggregate principal amount of its 5.375% Fixed-to-Floating Rate Senior Unsecured Notes due 2035.
The Toronto Stock Exchange set a second-straight record close Thursday, with investors buoyed by one set of economic data showing Canadian household balance sheets "remained resilient" in the third quarter and another showing a better than expected trade balance.
The U.S. dollar stumbled
on Thursday, hitting multi-month lows against the euro, Swiss franc,
and sterling and extending losses from the previous session, after the
Federal Reserve delivered a less ...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
Arbor Realty Trust, Inc. (ABR) today announced that its subsidiary, Arbor Realty SR, Inc., has priced an offering of $400 million aggregate principal amount of 8.50% Senior Notes due 2028 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, and outside the United States to non-United States person...
The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank's Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pressure from President Donald Trump and his administration.
The U.S. Federal Reserve's Board of Governors on Thursday said the system's regional bank presidents had been reappointed to their positions with unanimous agreement of the seven board members. Their new five-year terms will begin on March 1, the Fed said in a statement.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.9%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.5%. Bitcoin was decreasing 0.7% to $91,369, and the yield for 10-year US Treasuries fell 2 basis points to 4...
The New York Federal Reserve's operations desk plans to conduct about $14.4 billion in reinvestment purchases and an additional approximately $40 billion in reserve management purchases between December 12 and January 14, it said in a schedule released on Thursday.
The New York Federal Reserve's operations desk plans to conduct about $14.4 billion in reinvestment purchases and an additional approximately $40 billion in reserve management purchases between December 12 and January 14, it said in a schedule released on Thursday.
The US trade deficit narrowed in September to its smallest since mid-2020 amid a stronger increase in exports than imports, delayed government data showed Thursday. The goods and services deficit reduced about 11% sequentially to $52.83 billion in September on a seasonally adjusted basis, the Census Bureau and the Bureau of Economic Analysis said.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.9%. The Philadelphia Housing Index increased 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.5%. Bitcoin was decreasing 0.7% to $91,369, and the yield for 10-year US Treasuries fell 2 basis points to 4...
Bitcoin has rebounded above $91,000, one day after the Federal Reserve delivered the expected 25 basis points cut. Notable Statistics: Notable Developments: Trader Notes: Michael van de Poppe highlighted that both the Nasdaq and Bitcoin dipped post-FOMC to flush out late long positions.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies. At the same time, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of ?aa-? of the property/casualty members of the Great American Contemporary Pool.
* Jobless claims rise, volatility attributed to seasonal factors. * 10-yr yield on track for biggest two-day drop in two months. * Markets pricing in 24.4% chance of January Fed cut. By Chuck Mikolajczak.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Assicurazioni Generali S.p.A. and its main rated subsidiaries. The ratings reflect Generali?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
Latin American assets climbed on Thursday, with regional
currencies on track for their strongest session in eight months
as the dollar weakened following an interest rate cut by the
U.S. Federal ...
Initial jobless claims increased by 44,000 to 236,000 in the week ended Dec. 6, lifting the four-week moving average by 2,000 to 216,750. Insured claims fell by 99,000 to 1.838 million in the week ended Nov. 29.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Salud, Compa??a de Seguros, S.A.. The outlook of these Credit Ratings is negative.
As more states weigh legislative action to decouple from the provisions of One Big Beautiful Bill Act, Treasury Secretary Scott Bessent launches an outreach mission to counter what he calls, a "blatant act of political obstructionism," that will lead to higher state taxes.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Mexico National Scale Rating of ?aaa.MX? of General de Seguros, S.A.. The outlook of these Credit Ratings is stable.
Gold traded sharply higher midafternoon on Thursday as the dollar and treasury yields weakened after the Federal Reserve, as expected, cut U.S. interest rates by 25 basis points a day earlier.
* FOMC announced 25-basis points rate cut on Wednesday. * November non-farm payrolls due on December 16. * Silver hits record high at $64.31/oz. By Sarah Qureshi. Gold rose on Thursday to hit its highest level in more than a month after the U.S. Federal Reserve's quarter-point rate cut pushed the dollar lower, while silver surged to a record high.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.7%. The Philadelphia Housing Index increased 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 2% to $90,423, and the yield for 10-year US Treasuries dropped 4.4 basis points to 4.12%....
President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week, but wants to see further reductions in borrowing costs, White House spokeswoman Karoline Leavitt told reporters on Thursday. "I know there was a quarter-point reduction this past week, and the president was pleased to see that, but he thinks more should be done," Leavitt said.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.7%. The Philadelphia Housing Index increased 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was falling 2% to $90,423, and the yield for 10-year US Treasuries dropped 4.4 basis points to 4.12%....
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Sapphire Reinsurance Company.
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of ?bbb-? to Sky Reinsurance Ltd.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Sky Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The number of Americans filing new applications for unemployment benefits increased by the most in nearly 4-1/2 years last week, but the surge likely does not suggest a material weakening in labor market conditions, as the claims data are volatile around this time of year.
To no one's surprise, on Wednesday, the Bank of Canada left its overnight interest rate unchanged at 2.25%, said Morningstar. Many analysts see the decision as confirming the end of the BoC's monetary easing cycle, about a year and a half after it started, noted Morningstar.
Democratic Senator Elizabeth Warren labeled President Donald Trump's top contenders to lead the Federal Reserve "sock puppets" on Thursday, singling out Kevin Hassett as someone who would not be able to maintain the U.S. central bank's independence. "The president is looking for someone who will do his bidding," Warren said in an interview with CNBC.
* Indexes: Dow up 1%, S&P 500 off 0.34%, Nasdaq down 1.05% * AI bubble fears impact crypto and tech stocks. * Investors assess weekly jobless claims report. * Fed's rate cut brings optimism, but future rate path uncertain. By Johann M Cherian and Pranav Kashyap.
The S&P 500?and the Dow boasted record closing highs on Thursday as investors favored financial stocks after a Federal Reserve policy update that was less hawkish than expected while the tech-heavy Nasdaq Composite underperformed as Oracle's financial update made investors wary of artificial intelligence bets.
The European stock markets closed mostly higher in Thursday trading as The Stoxx Europe gained 0.52%, Germany's DAX rose 0.68%, the FTSE 100 was up 0.49%, and France's CAC advanced 0.79%, while the Swiss Market Index was off 0.13%. In Switzerland, the Swiss National Bank left its policy rate unchanged at 0%. The SNB said that although inflation has been slightly lower than expected in recent mo...
Details behind Thursday's surprisingly large swing in the Canadian trade balance back to surplus in September were consistent with earlier reports flagging a stabilization in the broader economic backdrop following significant trade disruptions that began in the spring, said RBC.
* FOMC announced 25-basis points rate cut on Wednesday. * November non-farm payrolls due on December 16. * Silver hits record high at $63.93/oz. By Sarah Qureshi. Dec 11 - Gold rose on Thursday to hit its highest level in more than a month after the U.S. Federal Reserve's quarter-point rate cut pushed the dollar lower, while silver surged to a fresh record high.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.22%. ?The average 30-year fixed-rate mortgage is well below the year-to-date average of 6.62%, providing some sense of balance to the housing market,? said Sam Khater, Freddie Mac?s Chief Economist.
SAN FERNANDO, Calif. "It has been an honor to lead Frazier Aviation and help shape the company our family founded more than 72 years ago into the global industry leader it is today for manufacturing and supplying aerospace component parts," said Bob Frazier.
* Jobless claims rise, volatility attributed to seasonal factors. * 10-yr yield on track for biggest two-day drop in two months. * Markets pricing in 24.4% chance of January Fed cut. By Chuck Mikolajczak.
* Canadian dollar gains 0.2% against the greenback. * Touches its strongest level since September 17 at 1.3757. * Canada posts trade surplus in September. * Canada-US 10-year spread touches narrowest since September 2024. By Fergal Smith.
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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