The muni credit market has experienced headwinds this year, including "potential federal funding cuts, the impact of tariffs and sector-specific pressures," said Goldman Sachs (GS) strategists
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In ec...
Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In co...
Scotiabank on Monday provided a reminder of its 'Canadian Rates Outlook 2026', published earlier in December, in which it said that it expects the Bank of Canada to keep interest rates on hold at 2.25% over the first half of 2026 before switching its attention to implementing 50bps of policy tightening over the second half of it.
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.2% at $87,494, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In...
Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was up 0.2% at $87,719, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In c...
Moody's Ratings upgraded the Rhode Island Airport Corporation's airport revenue bonds for Providence's T.F. Green International Airport to A3 from Baa1.
The Federal Home Loan Bank of Indianapolis today announced a new program to resolve and prevent ongoing heirs? property issues in Indiana. This announcement follows a December 2024 report and subsequent policy briefs published by FHLBank Indianapolis and Black Onyx Management.
The European Central Bank's cutting cycle had a clear target in view, which was reaching neutral, said Morgan Stanley. The rate cut in June got the ECB there, noted the bank. More ECB easing only comes with much weaker data. Morgan Stanley thinks that such data will arrive in time for the March 2026 policy meeting.
Moody's Moody's Ratings said Monday it placed Janus Henderson Group's Baa2 long-term issuer rating and Janus Henderson US' Baa2 backed senior unsecured debt ratings on a review for downgrade status following the $7.4 billion acquisition offer of Trian Fund Management and General Catalyst. Previous outlooks on Janus Henderson (JHG) were positive, according to the ratings agency.
Canadian real gross domestic product contracted by 0.3% month over month in October, as expected, said Rosenberg Research after last week's GDP release. The really big disappointment came from the various components, as the weakness transcended economic disruptions from strike-related activity in the civil service and maintenance dislocation in the resource sector, noted Rosenberg Research.
US equity investors will look out for the Federal Reserve's latest meeting minutes this week to evaluate market expectations for continued policy easing next year, while keeping an eye on market leadership change and a blistering precious metals rally. * The Federal Open Market Committee meeting minutes are due Tuesday.
The Canadian economy contracted 0.3% in October after a run of soft data in the month, said Bank of Montreal after last week's gross domestic product data. Manufacturing output was down 1.5% month over month across a wide range of industries -- including those with high trade exposure to the United States, noted the bank.
Asian stock markets were mixed on the downside Monday, as traders weighed possible tightening by the Bank of Japan and as soft industrial profits report from Beijing. Hong Kong, Shanghai and Tokyo finished in the red, while other regional exchanges were mixed but with gains in Seoul and Taiwan.
Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF declining 0.3%. The Philadelphia Housing Index eased 0.3%, and the State Street Real Estate Select Sector SPDR rose 0.1%. Bitcoin fell 0.1% to $87,703, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, a Co...
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each dropping 0.4%. The Philadelphia Housing Index lost 0.5%, and the State Street Real Estate Select Sector SPDR eased 0.2%. Bitcoin fell 1.1% to $87,251, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, JPMorgan Chase (JPM) froz...
Financial stocks fell in Friday afternoon trading with the NYSE Financial Index dropping 0.3% and the State Street Financial Select Sector SPDR ETF declining 0.4%. The Philadelphia Housing Index lost 0.4%, and the State Street Real Estate Select Sector SPDR eased 0.2%. Bitcoin rose 0.1% to $87,317, and the yield for 10-year US Treasuries was little changed at 4.14%. In corporate news, JPMorgan (JPM) ...
An election year for Congress adds a deadline clock to questions about budget reconciliation, tax policy, and politics while bond issuers ponder challenges and opportunities.
BERLIN, MD / ACCESS Newswire / December 26, 2025 / Calvin B. Taylor Bankshares, Inc. (TYCB), the holding company of Calvin B. Taylor Bank, today reported net income for the third quarter 2025 of $4.2 million, or $1.53 per share compared to net income of $3.9 million, or $1.42 per share for the second quarter of 2025, and net income of $3.7 million, or $1.37 per share for the third quarter of 2024.
"A stagnant yield curve is resulting from supply having wound down and munis drawing steadiness from a likewise calm UST market," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Financial stocks were advancing in recent Wednesday trading, with the NYSE Financial Index up 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.9%, and the State Street Real Estate Select Sector SPDR ETF fell 0.6%. Bitcoin was shedding 0.1% to $87,358, and the yield for 10-year US Treasuries decreased 3 basis points to 4.14%. In econom...
The municipal advisor area "remains a heavy focus of both the commission's Division of Examinations as well as the Division of Enforcement," Andrew Kintzinger, counsel at Hunton Andrews Kurth, said.
US equity indexes rose ahead of the close on Wednesday amid better-than-expected jobless claims data, as markets prepare for an early close. The Nasdaq Composite climbed 0.2% to 23,609.6, with the S&P 500 up 0.3% to 6,932.8 and the Dow Jones Industrial Average 0.5% higher at 48,715.1. Consumer staples and real estate were among the top gainers.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.18%. ?The average 30-year fixed-rate mortgage decreased further this week,? said Sam Khater, Freddie Mac?s Chief Economist.
All three major US stock indexes were edging higher in late-morning trading on Wednesday after initial jobless claims beat analyst expectations, as markets gear up for an early close before Thursday's holiday.
Financial stocks were advancing in recent Wednesday trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.5%. The Philadelphia Housing Index rose 0.9%, and the State Street Real Estate Select Sector SPDR ETF increased 0.7%. Bitcoin was shedding 0.4% to $87,062, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.15%. In...
Weekly applications for unemployment insurance unexpectedly declined, while continuing claims advanced, US government data showed Wednesday. For the week through Dec. 20, the seasonally adjusted number of initial claims fell by 10,000 to 214,000, the Department of Labor said. The four-week moving average totaled 216,750, decreasing by 750 from the prior week's unrevised average of 217,500.
Traders continued to maintain caution during the holiday season as US equity futures stayed in a holding pattern during Wednesday's premarket while a better than expected jobs report could cheer the spirits of investors. Dow Jones equity futures inched down 0.1 %, Nasdaq declined 0.1 %, and S&P 500 futures were 0.1% lower.
Initial jobless claims decreased by 10,000 to 214,000 in the week ended Dec. 20, lowering the four-week moving average by 750 to 216,750. Insured claims rose by 38,000 to 1,923,000 in the employment survey week ended Dec. 13. The Mortgage Bankers Association reported a 5% drop in mortgage applications in the week ended Dec. 19 after a 3.8% decline in the previous week.
TEL AVIV, Israel, Dec. 24, 2025 -- Teva Pharmaceutical Industries Ltd. (TEVA) today announced that S&P Global Ratings has upgraded Teva?s long-term issuer credit rating to ?BB+? from ?BB?, with a stable outlook, and that Moody's Ratings Agency affirmed Teva's B1a rating and revised Teva's outlook to positive from stable.
US initial jobless claims fell to a level of 214,000 in the week ended Dec. 20 from an unrevised 224,000 level in the previous week, compared with expectations for no change in survey of analysts compiled by Bloomberg. The four-week moving average fell by 750 to 216,750 after rising by 500 to a level of 217,500 in the previous week.
US equity futures mostly stayed in a holding pattern during Wednesday's premarket ahead of a shortened Christmas Eve trading day and the weekly jobs report scheduled to be released before the opening bell. Dow Jones equity futures inched down 0.1%, Nasdaq declined 0.1 %, and S&P 500 futures were 0.1% lower. Thin trading volume continued ahead of the Christmas Day market closure tomorrow.
Moody's Ratings upgraded the Chicago Transit Authority to Aa3 from A1 Friday, and upgraded the Chicago-area Regional Transportation Authority to Aa2 from Aa3.
National Bank Holdings Corporation (NBHC), the holding company for NBH Bank, today announced that it has now received regulatory approvals from the Board of Governors of the Federal Reserve System and the Colorado Division of Banking for the previously announced merger of Vista Bancshares, Inc., the holding company for Vista Bank, with operations in Dallas-Ft.
Wall Street's main equity benchmarks rose Tuesday, with the S&P 500 hitting an all-time high as data showed strong economic growth in the third quarter. The S&P 500 climbed 0.5% to 6,909.8, logging a new closing record. Most sectors ended higher, led by communication services and technology, while consumer staples saw the biggest drop.
MDA Space (MDALF) after trade on Tuesday said it closed a private placement offering. The company said it raised C$250 million through the issuance of 7.00% senior unsecured notes due 2030. Proceeds were used to refinance its existing debt under its credit facility, it added. The company's shares closed up $0.01 to $27.00 on the Toronto Stock Exchange. MT Newswires does not provide investment advice.
National Bank Holdings (NBHC) received Federal Reserve approval for its acquisition of Vista Bancshares. In mid-September, National Bank Holdings (NBHC) agreed to acquire Vista Bancshares, the parent of Vista Bank, for $369 million in cash and stock.
US equity indexes closed higher Tuesday amid a rise in tech stocks despite mixed macroeconomic data. * The US economy expanded at a 4.3% annual rate in Q3, marking the strongest growth in two years as consumer spending remained solid, the Commerce Department reported Tuesday.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin was declining 0.8% to $87,793, and the yield for 10-year US Treasuries was steady at about 4.17%. In economic ...
It was a "confusing, volatile year, and the states face growing threats in 2026 and thereafter," said Matt Fabian, president of Municipal Market Analytics.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin was declining 0.8% to $87,793, and the yield for 10-year US Treasuries was steady at about 4.17%. In corporate...
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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