US equity indexes rose in midday trading on Wednesday after President Donald Trump ruled out using force to take control of Greenland, helping push long-dated government bond yields lower.
Financial stocks rose Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding about 0.4%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 0.5% to $87,866, and the yield for 10-year US Treasuries was shedding 2 basis points to 4...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.3%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 0.5% to $87,866, and the yield for 10-year US Treasuries was shedding 2 basis poin...
After ending 2025 on a soft note, a gradual, modest recovery in Canadian housing is likely on tap this year, supported by pent-up demand, said TD. Restraining a stronger recovery will be elevated economic uncertainty, a subdued job market and a leveling off in interest rates with the Bank of Canada likely to stay on the sidelines this year, noted TD.
Elliptic traced more than $500 million in USDT tied to Iran?s central bank, suggesting the stablecoin was used to manage foreign-exchange pressures and build a ?sanctions-proof? alternative to dollar banking.
When the Canadian consumer price index was released on Monday, the market reaction was mixed in the face of puzzling results, said National Bank of Canada. On the one hand, headline annual inflation came in well above consensus expectations, 2.4% year over year versus. Part of these discrepancies stems from differences in the seasonal-adjustment process, stated National Bank.
Banks led by Royal Bank of Canada (RY) are marketing $1.8 billion in loans to support Investindustrial's acquisition of TreeHouse Foods (THS), Bloomberg News reported Wednesday, citing a person with knowledge of the matter. The debt package consists of a $1.25 billion term loan B maturing in seven years, along with $550 million in additional secured debt, according to the news outlet.
US construction spending rose by 0.5% in October, compared with a 0.1% increase expected in a survey compiled by Bloomberg and following a 0.6% decrease in September.
Uniti Group (UNIT) said Wednesday that its subsidiaries have launched a private offering of $500 million in 8.625% senior notes due 2032. The notes will be issued by Uniti Services, Uniti Fiber Holdings, Uniti Group Finance 2019 and CSL Capital.
NewGenIVF Group Limited (NIVF), a technology-driven company building a diversified ecosystem across fertility technology, digital assets, and real estate development, today announced the appointment of award-winning Web3 legal and regulatory specialist Joshua Chu as Senior Counsel to lead the Group?s tokenization strategy, alongside the formal engagement of Evident Capital, Hong Kong?s first fully...
Uniti Group Inc. (UNIT) today announced that its subsidiaries, Uniti Services LLC, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC, have commenced an offering of $500 million aggregate principal amount of 8.625% senior notes due 2032, subject to market and other conditions.
The US dollar was mixed against its major trading partners early Wednesday -- up versus the euro and pound, down versus the yen and Canadian dollar -- ahead of a busier economic data schedule after Tuesday's slow start to the week.
Canadian housing starts ended 2025 on a strong note, rising for the second consecutive month to reach 282,400, their highest level in five months and well above consensus expectations, said National Bank of Canada.
US equity indexes sank on Tuesday after trade war worries with Europe intensified the move up in long-dated Treasury yields following a sell-off in government bonds in Japan, the largest holder of US government debt.
Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.2%. The Philadelphia Housing Index was shedding 2.3%, and the State Street Real Estate Select Sector SPDR ETF was down 1.8%. Bitcoin dropped 3.9% to $89,505, and the yield for 10-year US Treasuries jumped 5.8 basis points to n...
US equity indexes dropped ahead of Tuesday's close as concerns over a potential trade war with Europe intensified a surge in long-dated Treasury yields following a sell-off in Japanese government bonds. The Nasdaq Composite plunged 2.5% to 22,936.1, with the S&P 500 diving 2.1% to 6,794.5 and the Dow Jones Industrial Average 1.7% lower at 48,487.3. All but one sector, energy, declined.
Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index dropping 2.1% and the State Street Financial Select Sector SPDR ETF falling 2.2%. The Philadelphia Housing Index was shedding 2.3%, and the State Street Real Estate Select Sector SPDR ETF was down 1.8%. Bitcoin dropped 3.9% to $89,505, and the yield for 10-year US Treasuries jumped 5.8 basis points to n...
Indiana looks to entice the National Football League's Chicago Bears to move to northwest Indiana by offering state-backed bonds to fund a new stadium.
"I was disappointed that it didn't go further," said Peg Henry, who launched a municipal securities legal consulting and expert witness services business last year.
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.7% and the State Street Financial Select Sector SPDR ETF falling 2.3%. The Philadelphia Housing Index was shedding 1.9%, and the State Street Real Estate Select Sector SPDR ETF was down 1.9%. Bitcoin dropped 3.4% to $89,492, and the yield for 10-year US Treasuries climbed 5.2 basis points to 4.28%...
US equity indexes fell midday Tuesday amid a surge in long-dated Treasury yields as concern mounted that a trade war with Europe over Greenland would undermine the US economy, and after a sell-off in Japanese government bonds.
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.6%. The Philadelphia Housing Index was shedding 1.7%, and the State Street Real Estate Select Sector SPDR ETF was down 1.6%. Bitcoin dropped 3.1% to $89,730, and the yield for 10-year US Treasuries rose 4.4 basis points to 4.28%. I...
The Bank of Canada released the Q4 business outlook and the consumer expectations surveys on Monday, said National Bank of Canada. These reports will have no impact on the coming BoC decision as the BoC has already firmly established itself on the sidelines, noted the bank. However, some of the trends in these reports bear monitoring, stated National Bank.
European stock markets closed lower in Tuesday trading as the Stoxx Europe dropped 0.70%, Germany's DAX was down 1.03%, the FTSE 100 fell 0.67%, France's CAC lost 0.61%, and the Swiss Market Index declined 0.81%. In the UK, the unemployment rate for the three months from September through November was 5.1%, which was up from 4.4% during the same period the previous year, according to the Office...
The Canadian consumer price index data for December released on Monday showed a 0.2% month-over-month drop on a non-seasonally adjusted basis, which was a tad disappointing when benchmarked against the 0.3% consensus forecast slip, said Rosenberg Research.
Canada's underlying inflation measures are likely to moderate further in the first half of this year and approach 2.0%, said David Doyle, head of economics at Macquarie Group. Despite the recent fall in unemployment, the output gap remains sizeable, noted Doyle.
The Bank of Canada's Q4 Business Outlook Survey revealed on Monday a lingering soft underbelly to the local economy, said Rosenberg Research. The headline diffusion index may have been "less negative," at -1.78 in Q4 from -2.27 in Q3, but it has consistently been in contraction territory since Q1 2023, noted Rosenberg Research.
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 $32 million offering from Avalon, N.J., records a Flood Score of 5.0 out of 5.0, ICE reports.
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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