DBS Group, Singapore's biggest bank by assets, said on Wednesday its China unit has been granted a principal underwriting licence for non-financial corporate bonds in China's interbank bond market.
Australia's economy grew at the fastest annual pace in almost three years in the December quarter, data showed on Wednesday, a pick up that reignited inflation and required a hike in interest rates to tamp things down. Data from the Australian Bureau of Statistics showed real gross domestic product rose 0.8% in the fourth quarter, up from 0.5% the previous quarter.
Sallie Mae, formally SLM Corporation (SLM), today announced the successful pricing of the first student loan asset-backed securities transaction of the year by Sallie Mae Bank. Investor engagement throughout the marketing process validated the continued attractiveness of seasoned private education loan assets supported by Sallie Mae?s underwriting, servicing, and performance track record.
Vertiv (VRT) said late Tuesday it closed an offering of $2.1 billion of senior unsecured notes as well as entered a new $2.5 billion senior unsecured revolving credit facility. Net proceeds from the offering of $2.08 billion were used with cash on hand to repay outstandings under the company's secured term loan and cover related overheads, according to a statement.
Vertiv Holdings Co (VRT): * VERTIV ANNOUNCES COMPLETION OF $2.1 BILLION SENIOR UNSECURED BOND OFFERING AND $2.5 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY Source text: Further company coverage:
BNY Mellon Municipal Bond
Infrastructure Fund Inc (DMB): * BNY MELLON MUNICIPAL BOND INFRASTRUCTURE FUND, INC. ANNOUNCES DISTRIBUTION Source text: Further company coverage:
Brazil's central bank has allowed financial institutions to deduct expected contributions in advance to the country's private credit guarantee fund FGC from their reserve requirements, it said on Tuesday. The central bank said in a statement that the measure could result in the release of 30 billion reais in reserve requirements this year.
COLUMBUS, Ohio, March 3, 2026 Vertiv Holdings Co (VRT), a global leader in critical digital infrastructure, announced today the successful completion of a $2.1 billion Senior Unsecured Notes offering, and closing of a new $2.5 billion Senior Unsecured Revolving Credit Facility. The Notes offering was the Company's debut offering with an investment grade credit rating.
Both Long-Term and Short-Term Deposit Ratings Raised to Investment Grade HICKSVILLE, N.Y., March 3, 2026 Flagstar Bank, N.A (FLG/PU). today announced that Fitch Ratings has upgraded several of the Banks's credit ratings, including raising the Bank's Long-Term Deposit rating to BBB- and Short-Term Deposit rating to F3, both investment grade ratings.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0420 per share of common stock, payable on April 1, 2026 to shareholders of record at the close of business on March 17, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
"Once the damage is done, it takes a little longer for it to come back," said Elaine Brennan, executive director of the public finance department at Roosevelt and Cross, of the muni market.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $150.0 million aggregate principal amount of its Convertible Senior Notes due 2031 through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. indie ...
Financial stocks were lower in late Tuesday afternoon trading, with the NYSE Financial Index dropping 1% and the State Street Financial Select Sector SPDR ETF down 0.1%. The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was declining 0.9% to $68,145, and the yield for 10-year US Treasuries was slightly higher at 4.06...
Federal Reserve policymakers are expected to hold short-term borrowing costs steady at their March 17-18 meeting, as they did in January. Here is a look at Fed officials' recent comments, sorting them under the labels "dove" and "hawk" as shorthand for their monetary policy leanings. A graphic is also available. The designations are based on public comments and published remarks.
A lawsuit claims Texas Acting Comptroller Kelly Hancock illegally removed minority- and women-owned firms from a program created by the state legislature.
* Dollar rises due to safe-haven demand. * Japanese finmin puts market on notice of possible FX action. By Gertrude Chavez-Dreyfuss and Niket Nishant. The U.S. dollar logged sharp gains on Tuesday, hitting multi-month peaks against the euro, sterling and yen as tensions in the Middle East fuelled expectations of prolonged global inflation and triggered broad demand for safe-haven assets.
New York Fed President John Williams said the monetary policy is "well positioned" to stabilize the labor market and bring inflation back down to the 2% goal but added that further reductions may eventually be warranted if inflation slows as expected.
Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.1% and the State Street Financial Select Sector SPDR ETF rising 0.3%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 0.8% to $68,279, and the yield for 10-year US Treasuries was rising 1.3 basis points t...
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday that the Iran conflict has increased uncertainty about the U.S. economic outlook and made it harder to know what lies ahead for central bank interest rate policy.
* Kashkari cites Iran conflict as new economic shock. * Kashkari unsure how war impact will weigh on Fed policy. By Michael S. Derby. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday that the Iran conflict has increased uncertainty about the U.S. economic outlook and made it harder to know what lies ahead for central bank interest rate policy.
* IMF studying direct impacts, infrastructure damage, energy, deputy Katz says. * Katz: Prolonged increase in energy prices could unanchor inflation expectations. * IMF: 2026 global GDP outlook was solid, too early to judge war's impact on growth. * By David Lawder.
Financial stocks were lower in Tuesday afternoon trading, with the NYSE Financial Index dropping 1.6% and the State Street Financial Select Sector SPDR ETF shedding 0.4% The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 0.8% to $68,279, and the yield for 10-year US Treasuries was rising 1.3 basis points ...
Monday saw a more muted tone, but Tuesday munis are playing a little bit of a catch-up to the backup in rates, said Chris Brigati, managing director and CIO at SWBC.
* BRAZIL'S CENTRAL BANK ANNOUNCES DOLLAR AUCTIONS WITH REPURCHASE AGREEMENT - STATEMENT. * BRAZIL'S CENTRAL BANK OFFERING UP TO $2 BILLION IN EACH OF TWO DOLLAR AUCTIONS WITH REPURCHASE AGREEMENT. * BRAZIL'S CENTRAL BANK CANCELS THE TWO DOLLAR AUCTIONS WITH REPURCHASE AGREEMENT. * BRAZIL'S CENTRAL BANK SAYS IT ANNOUNCED DOLLAR AUCTIONS EARLIER IN THE DAY BY ERROR.
On the back of a supportive inflation outlook for the next months and potential spillovers from the elections in H2 2026, Deutsche Bank said it expects Brazil's central bank to cut interest rates by 50 basis points at its March meeting. Deutsche Bank expects BCB to maintain the same pace until Q3 2026, and reduce the rhythm of cuts to 25bps per policy meeting afterwards.
* Iran war enters fourth day. * Higher energy prices amid MidEast tensions fuel inflation woes. * Silver slips nearly 7%, platinum down over 9% By Ashitha Shivaprasad. Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation concerns intensified amid fears of a potentially prolonged Middle East conflict.
The BOJ is testing blockchain settlement for reserves and exploring tokenized central bank money as it prepares to decide in 2026 whether to issue a retail digital yen.
Rocket Companies Inc (RKT) stock is trading lower Tuesday morning as rising U.S. Treasury yields spark fresh concerns about mortgage costs and housing demand in the wake of the company's recent earnings report. The 10-year Treasury yield briefly touched about 4.1% early Tuesday before easing back toward the 4.05% area ahead of noon ET, extending last week's volatility.
In February, the Mexican peso strengthened modestly further from 17.327 to 17.202, said Mitsubishi UFG, Mexico's central bank at its meeting in February left the key policy rate unchanged at 7.00%. Banxico cut by a total of 300 basis points last year, with cuts on seven separate occasions.
Credit rating agency Fitch Ratings downgraded Paramount Skydance (PSKY) and Paramount Global's ratings to junk status late on Monday following the media company's proposed acquisition of Warner Bros Discovery (WBD). In a Monday note, Fitch analysts said they expect Los Angeles-based Paramount to carry "materially elevated leverage" following its successful acquisition of Warner Bros Discovery.
* British, German 2-year yields set for biggest two-day jump in many months. * Jump in oil and gas prices fans inflation worries. * Traders cut bets on BoE easing this month. * Price in a small chance of ECB rate hike by year-end. By Alun John and Yoruk Bahceli.
* Iran conflict sends oil prices higher. * Fed rate cut expectations drop as inflation concerns rise. By Chuck Mikolajczak. U.S. Treasury yields rose sharply for a second straight session on Tuesday, as the Iran war entered a fourth day to continue pushing oil prices higher and fuel inflation worries.
President Donald Trump's regime of large-scale tax increases on imports as well as generalized inflation gains created headwinds for U.S. small businesses last year, a Federal Reserve report released on Tuesday said.
In February, the Canadian dollar weakened against the US dollar in terms of London closing rates from 1.3560 to 1.3637, said MUFG. The Bank of Canada did not meet in February and, as such, the key policy rate was unchanged at 2.25%, following total easing now of 275bps in the current cycle.
Kansas City Federal Reserve President Jeffrey Schmid on Tuesday signaled his continued opposition to further interest-rate cuts, saying the U.S. labor market is in balance and inflation is too hot.
New York Federal Reserve President John Williams said on Tuesday the U.S. central bank is on track for more interest rate cuts if inflation pressures moderate as he expects, but he did not address the impact of the Iran conflict on the economy.
* Iran war enters fourth day. * US dollar hits over one-month high. * Platinum down over 12% By Ashitha Shivaprasad. Gold prices drifted lower on Tuesday, weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged Middle East conflict. Spot gold was down 5.6% at $5,029.59 an ounce by 1450 GMT.
Federal Reserve officials on Tuesday began taking stock of a widening conflict in the Middle East that could pose near-term risks to both U.S. inflation and growth despite the economy's relative resilience to energy price shocks.
Rimini Support? for SAP helps French brake parts manufacturer avoid unwanted move to RISE with SAP, strengthen security and compliance readiness and reinvest freed capital into R&D and modernization initiatives Rimini Street, Inc. (RMNI), the Software Support and Agentic AI ERP Company?, and the leading third-party support provider for Oracle, SAP and VMware software, today announced Flexitech, a Fren...
Bank of Canada pricing has shifted toward half of a quarter-point hike being priced by December amid the conflict in the Middle East, said Scotiabank. The BoC usually reacts hawkishly to a sustained rise in energy prices, given that the terms of trade pass through to domestic incomes and related spending, noted the bank.
Traders are paring back their expectations on interest-rate cuts this year by the U.S. Federal Reserve, as they fear that the inflationary effects of a surge in energy prices will complicate the central bank's monetary policy path.
Major Texas cities are prepping big bond issues to finance convention center expansions, with Houston hitting the market this week with $1.425 billion of debt.
Traders are paring back their expectations on interest-rate cuts this year by the U.S. Federal Reserve, as they fear that the inflationary effects of a surge in energy prices will complicate the central bank's monetary policy path.
* GDP growth slowed from 3.4% in 2024 to weakest since 2020. * Central bank has held interest rates at 15% since July. * Services growth slowed to 1.8%, household consumption down. By Marcela Ayres.
Brazil's economy expanded 2.3% in 2025, statistics agency IBGE said on Tuesday, after posting 0.1% growth in the fourth quarter from the previous three months. The quarterly reading for Latin America's largest economy matched the median forecast in a Reuters poll of economists. On an annual basis, fourth-quarter gross domestic product rose 1.8%, also in line with market expectations.
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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