MKS Inc. (MKSI) today announced the pricing of its private offering of ?1.0 billion aggregate principal amount of 4.250% senior notes due 2034. MKS estimates that the net proceeds from the offering will be approximately ?985 million, after deducting the initial purchasers? discounts and estimated offering expenses payable by MKS.
Public finance advocates are trying to interpret mixed signals about plans to pass a major reconciliation bill that could put the threat to the tax-exempt status of munis back on the table.
The Toronto Stock Exchange is up 44 points in choppy trade at midday, boosted by gains in the energy sector, up 0.7%. Financials and industrials are the worst performers, down 0.8% and 0.6%, respectively, followed by technology down 0.5%. As was widely expected, the Bank of Canada held rates steady at 2.25% for the second time in a row.
The Bank of Canada kept its key interest rate unchanged at 2.25% on Wednesday for the second meeting in a row, as was universally expected, said Bank of Montreal.
The Bank of Canada has held its target for the overnight rate at 2.25% on Wednesday, as widely expected, said ING. The BoC's Monetary Policy Report forecasts 1.1% gross domestic product growth this year and 1.5% in 2027, which is broadly in line with how the MPR saw things back in October, noted the bank. The reaction in USD/CAD was "quite contained," stated ING.
The Bank of Canada held its policy rate at 2.25% on Wednesday, in line with market expectations, said TD. The opening statement noted that the BoC's outlook for growth and inflation "has not changed significantly" since the October Monetary policy Report projection, but uncertainty about the outlook was a common theme, noted the bank.
The Bank of Canada held rates steady at 2.25% on Wednesday for the second time in a row, as was widely expected, said Desjardins. Central bankers also reiterated that they see the current policy rate at about the right level to keep inflation close to their target, signaling that officials continue to expect interest rates to remain unchanged over the next few months, noted the bank.
There won't be anyone surprised by the Bank of Canada's well-telegraphed decision to keep rates on hold on Wednesday, or its assessment that rates are at the right level if its forecast pans out, said CIBC. The BoC remains firmly neutral on where things go from here, saying that "it's difficult to predict the timing or direction of the next move,"noted the bank.
The Bank of Canada's forecast for economic growth and inflation in the country hasn't changed significantly since its October projection, said Governor Tiff Macklem after the BoC decided to leave rates on hold Wednesday.
The Bank of Canada, as expected, held its overnight interest rate steady at its Wednesday meeting. In its press release accompanying the rate decision the bank said its outlook for the global and Canadian economy is little changed from its October Monetary Policy Report, but noted its outlook is "vulnerable to unpredictable US trade policies and geopolitical risks".
Orange Bank & Trust Company today announced that President and Chief Executive Officer, Michael J. Gilfeather has been appointed to the Board of Directors of the Federal Reserve Bank of New York, one of the twelve regional Reserve Banks that, together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System.
SOLOWIN HOLDINGS (AXG), a leading financial technology firm bridging traditional and digital assets, today announced that AX Coin, the stablecoin issuance entity under AlloyX Group, a key subsidiary of the Company, has received an In-Principle Approval letter for a stablecoin license from the Central Bank of Bahrain, subject to final regulatory approval.
The Bank of Canada is forecast to leave rates unchanged at 2.25% on Wednesday, said Societe Generale. The BoC, in its first monetary policy report since the Canadian government budget in November 2025, will provide additional information on the economic outlook with its Monetary Policy Report, though uncertainty remains about the USMCA trade deal review, noted the bank.
The Bank of Canada will publish its policy decision on Wednesday, said Scotiabank. No policy changes are expected, noted the bank. The statement lands at 9:45 a.m. ET along with Governor Tiff Macklem's written opening remarks to his press conference and the Monetary Policy Report that includes full forecast updates, pointed out the bank.
Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.
The Bank of Canada will release its policy decision and Monetary Policy Report at 9:45 a.m. ET on Wednesday, followed by the press conference with Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers 45 minutes later, said Bank of Montreal.
Wednesday's interest rate decision at 9:45 a.m. ET should be straightforward for the Bank of Canada, said Commerzbank. There is little to suggest a BoC change in interest rates, wrote the bank in a note.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the Canadian dollar, as the focus turns to the Federal Open Market Committee's rate announcement at the conclusion of its two-day policy setting meeting at 2:00 pm ET and Federal Reserve Chairman Jerome Powell's press conference at 2:30 pm ET.
Arthur Hayes, Chief Investment Officer at?Maelstrom?Fund, explored in an essay published Tuesday how a potential intervention by U.S. authorities to support the Japanese yen could boost risk assets like Bitcoin . In the essay titled "Woomph," Hayes argued that the Treasury Department, in coordination with the Federal Reserve, could sell dollars and buy yen, solving ?many financial problem...
The S&P 500 hit a new all-time high on Tuesday as the technology sector outperformed ahead of earnings reports of industry heavyweights, while the Federal Reserve kicked off its two-day monetary policy meeting. The large-cap index rose 0.4% to settle at 6,978.6, marking its highest close ever. Barring health care and financials, all sectors ended higher, led by tech's 1.4% gain.
US equity indexes were mixed Tuesday as technology and health stocks moved in opposite directions, while a consumer confidence gauge dropped to a 12-year low. * The Conference Board's measure of consumer confidence slipped to 84.5 in January, its lowest since May 2014, from 94.2 in December and below the 91.0 expected in a Bloomberg-compiled survey.
The muni market has rebounded from the technical pressures of the first half of last year ? a result of surging issuance ? said John Miller, head and CIO of First Eagle's municipal credit team.
Financial stocks were mixed in Tuesday late afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index fell 1%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin increased 0.8% to $88,983, and the yield for 10-year US Treasuries rose 1 basis point to 4.22%. In economic ...
The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.
Wednesday's Federal Reserve meeting is expected to be routine on paper ? but markets may be bracing for something far less ordinary. Any fireworks are unlikely to come from monetary policy, but Chair Jerome Powell's press conference could turn tense as politics, subpoenas and presidential pressure overshadow an otherwise quiet meeting.
Bitcoin is showing signs of life ahead an expected interest rate hold by the Federal Reserve on Wednesday. Notable Statistics: Notable Developments: Trader Notes: Trader Crypto Seth explained that crypto saw another sharp flush even as U.S. equities stayed strong.
Financial stocks were mixed in Tuesday late afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index fell 1%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin increased 0.8% to $88,983, and the yield for 10-year US Treasuries rose 1 basis point to 4.22%. In corporate...
The Federal Open Market Committee is widely expected to maintain the target range for its federal funds rate at 3.50% to 3.75% at its meeting this week, putting the focus on post-meeting comments from Federal Reserve Chairman Jerome Powell.
The Bank of Canada is widely expected to keep interest rates on hold on Wednesday, but analysts differ on the central bank's subsequent moves, Morningstar said Tuesday.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.87%. The Philadelphia Housing Index fell 1.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin dropped 0.6% to $87,772, and the yield for 10-year US Treasuries rose 1 basis point to 4.23%. In economic news...
Bitcoin remains range-bound around $88,000, but traders are bracing for potential volatility and downside risk. Historically, Bitcoin has reacted negatively around FOMC meetings with around 9% drop the last time. Crypto chart analyst Ali Martinez noted that in 2025, BTC fell after seven of eight Fed decisions. A 15% spike in May 2025 was the exception.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index little changed, erasing earlier losses, and the State Street Financial Select Sector SPDR ETF shedding 0.8%. The Philadelphia Housing Index fell 1.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin dropped 0.6% to $87,772, and the yield for 10-year US Treasuries rose 1 basis point...
Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.
US consumer confidence tumbled this month to its lowest level since May 2014 amid broad-based weakness and concerns about the labor market and inflation, the Conference Board said Tuesday. The consumer confidence index dropped 9.7 points to 84.5 in January from last month's upwardly revised 94.2. The consensus was for a 91 print in a Bloomberg survey.
Quebec's provincial gross domestic product in October fell 0.4% compared with September, the first decline in four months and similar to that observed across the country, said National Bank of Canada. It should be noted that the decline in October was due to a contraction in both the service and goods sectors, pointed out the bank.
The Conference Board's measure of consumer confidence fell to 84.5 in January from 94.2 in December, below a reading of 91.0 expected in a survey compiled by Bloomberg, hitting the lowest point since May 2014.
As Trump mulls the next leader of the U.S. Federal Reserve, the BlackRock executive has caught a surge of online wagers, and he'd bring a pro-crypto view.
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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