EverGen Infrastructure (EVGIF) late Thursday announced the closing of its previously announced $13 million asset-level debt facility with Farm Credit Canada through its wholly owned subsidiary Fraser Valley Biogas, the repayment of the majority of the company's corporate debt facility, and the closing of the second tranche of its previously announced non-brokered private placement for gross proceeds of...
Mount Logan Capital Inc. (MLCI) today announced that it has priced its previously announced underwritten public offering of $40.0 million in aggregate principal amount of 8.00% senior unsecured notes due 2031. The offering is expected to close on January 26, 2026, subject to customary closing conditions.
Mitsubishi UFJ Financial Group (MUFG) said Thursday that the Federal Reserve Bank of New York has designated its registered broker-dealer, MUFG Securities Americas, as a primary dealer. The company said MUFG Securities Americas, as a primary dealer, will serve as a trading counterparty with the New York Fed. MT Newswires does not provide investment advice.
BridgeBio Pharma, Inc. (BBIO), a new type of biopharmaceutical company focused on genetic diseases, announced today the pricing of $550 million aggregate principal amount of 0.75% convertible senior notes due 2033 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
US equity indexes were off session highs at the close on Thursday after Federal Reserve heavyweights outlined the consequences of damaging the central bank's independence, undermining the boost to risk sentiment from strong earnings and rolling back of threats to strike Iran. The Nasdaq Composite climbed 0.3% to 23,530.02, giving up gains of as much as 1% earlier in the session.
"We're starting off from a really high tax equivalent yield and that really starts the market from a position of strength," said Matt Norton, CIO for municipal bonds at AllianceBernstein.
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF rose 0.7%. Bitcoin was declining 1.5% to $95,522, and the yield for 10-year US Treasuries rose 2 basis points to 4.16%. ...
A handful of former Fed officials noted that the markets' measured response to a probe into Fed Chair Jerome Powell was a result of pushback from Trump allies.
The tax reform costs will be offset by reductions in certain government spending, application of excess revenues that are coming in, and elimination of certain tax exemptions.
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was up 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.8%. Bitcoin was declining 0.4% to $96,537, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.16...
iShares Silver Trust (SLV) shares are dipping on Thursday, pulling back from recent record gains as investors take profits following silver?s surge. Silver surged to fresh all?time highs earlier this week, fueled by rising political tension around Federal Reserve Chair Jerome Powell and growing instability in the Middle East.
Weekly applications for unemployment insurance in the US unexpectedly fell, while continuing claims also moved lower, government data showed Thursday. For the week through Jan. 10, the seasonally adjusted number of initial claims dropped by 9,000 to 198,000, the Department of Labor said. The four-week moving average totaled 205,000, its lowest level since Jan. 20, 2024, the DOL said.
The Toronto Stock Exchange is up 117 points, passing the 33,000 level, to a new record high. The best performers are industrials and financials. Canadian existing home sales fell 2.7% month-on-month in December, marking a second straight monthly drop, and largest decline since March. Average home prices were flat on m/m basis in December.
European stock markets closed mostly higher Thursday as the Stoxx Europe rose 0.5%, Germany's DAX 40 gained 0.3%, the FTSE 100 climbed 0.5%, and the Swiss Market Index increased 0.1%. France's CAC 40 eased 0.2%. In Germany, annual gross domestic product grew 0.2% in 2025, according to the Federal Statistical Office.
China's central bank announced several targeted easing measures earlier Thursday at a joint briefing with State Administration of Foreign Exchange, said Societe Generale.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.06%. ?Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years,? said Sam Khater, Freddie Mac?s Chief Economist.
After two years of a mild recession, the German economy returned to modest growth in 2025, said Berenberg after Thursday's gross domestic product data. Helped by a 1.4% rise in private and a 1.5% increase in public consumption, calendar-adjusted GDP edged up by 0.3% last year, noted the bank.
Freddie Mac Multifamily today announced its 2025 production volume totaled $77.6 billion, a 17% increase over 2024. The total 2025 production volume included $1.2 billion in Low-Income Housing Tax Credit equity investments as well as $1.1 billion in workforce housing preservation loans and $2.4 billion in forward conversions, which are not subject to the U.S. Federal Housing multifamily loan cap.
Pending city council approval, the February competitive bond sale would be the first issuance from $950 million of debt authorized by voters on Nov. 4.
Canadian existing home sales declined 2.7% month over month in December, marking the second straight monthly drop and the largest decline since March, said TD after the Canadian Real Estate Associaton released data on Thursday. New listings decreased 2% month over month in December, a fourth straight monthly drop.
Rosenberg Research said Thursday it "marvels" over the unanimous opinion among Bay Street economists that the Bank of Canada is done in this easing cycle. Many think the next move is a tightening and the markets seem to have bought into that "illusion," the research said, before adding: "A pause is only a pause."
US initial jobless claims fell to a level of 198,000 in the week ended Jan. 10 from a downwardly revised 207,000 level in the previous week, compared with expectations for an increase to 215,000 in survey of analysts compiled by Bloomberg. The four-week moving average declined by 6,500 to 205,000 after decreasing by 8,500 to a level of 211,500 in the previous week.
The latest Global Economic Conditions Survey published by ACCA and IMA found a gloomy outlook clouding Q4 2025. Highlights and the full report are available at https://www.imanet.org/about-ima/gecs. The Global New Orders Index suffered a third consecutive quarterly decline, raising the risk of some moderation in global growth, although it remains significantly above its pandemic-era low.
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, voiced optimism about the U.S. economy, forecasting sustained growth and easing inflation.
Canada's housing market was still chilled in December, with existing home sales falling 2.7% in the month and 4.5% from a year ago, said Bank of Montreal. With new listings also down 2% in the month, the market balance didn't change much at the national level, and remains balanced overall, noted the bank.
The US dollar rose against its major trading partners early Thursday, except for a decline against the yen, ahead of a busy day of economic releases, starting with weekly jobless claims, import and export prices for November, and manufacturing data for January from the New York and Philadelphia Federal Reserve Banks, all at 8:30 am ET.
Canadian existing home sales fell 2.7% month-over-month seasonally adjusted in December, said Scotiabank after the release of data from the Canadian Real Estate Association on Thursday. Weather likely played a role as winter gripped large parts of the country earlier than normal in recent years, stated the bank. MT Newswires does not provide investment advice.
Orla Mining (ORLA) late on Wednesday provided an update on its South Railroad gold project in Nevada that includes the results of a feasibility study and board of directors' approval to begin spending for detailed engineering, procurement and project execution. The study reaffirms the project's strong economics, the company said.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries turn sideways in late New York session, soften in Asia, Japanese government bond curve flattens. Fed: Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is too high, but trending in the right direction.
MUFG said the Bank of England is expected to cut rates by a further 50bps this year. Yields in the United Kingdom are still under downward pressure at the start of this year both at the short and long end of the curve, wrote the bank in a note to clients.
Caledonia Mining (CMCL) said late Wednesday it priced a $125 million private placement of 5.875% convertible senior unsecured notes due Jan. 15, 2033, upsized from a previously planned $100 million. Initial purchasers have an option to purchase up to an additional $25 million of the notes.
Innventure, Inc. (INV), an industrial growth conglomerate, today announced that it has closed its previously announced registered direct offering of common stock to four institutional investors via a securities purchase agreement.
Major US equity indexes closed lower Wednesday amid disappointing bank earnings, mixed wholesale price inflation, and escalating geopolitical turmoil. * The US producer price index rose 0.2% in November, matching expectations and following a 0.1% gain in October.
January got off to a good start, with muni yields rallying through Jan. 7. Since then, yields have been steady to slightly richer in spots, with muni yields seeing some strength in the front end and belly of the curve.
Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Most Federal Reserve districts saw economic activity grow since late November, while the overall outlook was "mildly optimistic," the US central bank said in its latest Beige Book released Wednesday. Of the 12 districts, eight reported "slight to modest" growth, while three saw no change in activity.
Atlanta Fed President Raphael Bostic said that the FOMC should maintain its restrictive stance, saying that efforts to bring inflation down to the 2% goal have not been fully realized yet. Fed Governor Stephen Miran said that deregulation has the potential to slow cost increases while at the same time increasing potential output, supporting the FOMC's ability to lower rates further.
US producer price growth accelerated sequentially in November as the goods index turned positive, delayed official data showed Wednesday. The producer price index rose by 0.2% on a seasonally adjusted basis in November, after a 0.1% increase in October, according to the Bureau of Labor Statistics. Wholesale prices of goods advanced 0.9% in November, rebounding from a 0.4% drop in October.
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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