* Oil prices surge to over $119 a barrel amid supply cuts. * Fed funds futures show 77% odds of rate cut in July. * Treasury to auction $119 billion in coupon-bearing debt this week. By Karen Brettell.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index falling 1.5% and the State Street Financial Select Sector SPDR ETF down 0.6%. The Philadelphia Housing Index eased 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin was increasing 2.5% to $69,026, and the yield for 10-year US Treasuries was three basis points lower at 4.10...
Many muni participants stayed on the sidelines to start last week due to "the sudden about-face in the Treasury market and uncertainty over how long-lasting the incursion would be," Birch Creek strategists said.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index falling 2.1% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin was increasing 4.6% to $69,014, and the yield for 10-year US Treasuries was slightly higher at 4.136%. In co...
* Dollar in high demand as investors look for safety. * Euro, sterling slip; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Saqib Iqbal Ahmed.
* Oil prices surge to over $119 a barrel amid supply cuts. * Fed funds futures show 67% odds of rate cut in July. * Treasury to auction $119 billion in coupon-bearing debt this week. By Karen Brettell. U.S. Treasury yields pulled back from Monday's highs after oil prices trimmed their earlier surge.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.9%. The Philadelphia Housing Index was down 2.6%, and the State Street Real Estate Select Sector SPDR ETF retreated 1.1%. Bitcoin was increasing 4.3% to $68,808, and the yield for 10-year US Treasuries was slightly lower at 4.13%. I...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index down 1.5% and the State Street Financial Select Sector SPDR ETF falling 1.9%. The Philadelphia Housing Index was down 2.6%, and the State Street Real Estate Select Sector SPDR ETF was shedding 1.1%. Bitcoin was increasing 4.3% to $68,808, and the yield for 10-year US Treasuries was slightly lower at 4.13%. In...
* Oil price retreats from highs, eases bond yield pressure. * Geopolitical tensions affect inflation and rate outlook. * Central banks face challenges with rate decisions. By Niket Nishant.
The Federal Reserve may deliver "fewer" interest rate cuts this year amid fears that the ongoing Middle East conflict could drive inflation higher, Wells Fargo Investment Institute said in a report on Monday. The US-Israel war against Iran entered its 10th day, with no signs of de-escalation.
KBRA assigns issuer and senior unsecured debt ratings of A- to Takeoff Merger Sub Inc., an entity which will merge with Air Lease Corporation (AL) and be renamed Sumisho Air Lease Corporation (AL). KBRA expects to assign an A- rating to the senior unsecured notes expected to be issued by Merger Sub.
Mayo Clinic plans to issue $750 million of bonds in early to mid-April for projects in Rochester, Minnesota, Mayo CFO Dennis Dahlen told The Bond Buyer.
Mayo Clinic plans to issue $750 million of bonds in early to mid-April for projects in Rochester, Minnesota, Mayo CFO Dennis Dahlen told The Bond Buyer.
Peru's central bank has been on hold at a reference rate of 4.25% since last August, said Scotiabank. It is likely to extend the hold at Thursday's policy meeting, noted the bank. It may sound more cautious toward prospects for any further easing in a bit of a hawkish tilt, stated Scotiabank. MT Newswires does not provide investment advice.
BLS wage data and December 2025 CPI figures show the hospitality pay surge has plateaued AUSTIN, Texas, March 9, 2026 Hospitality wages grew in 2025, but after inflation, the average food service worker ended the year only 26 cents an hour better off in real purchasing power. That's the finding from OysterLink's analysis of Bureau of Labor Statistics wage data and December 2025 CPI figures.
UBS said Monday it changed its Bank of England policy call and no longer expects the BoE to cut the Bank Rate at the next meeting on March 19. In light of the recent escalation in the Middle East and a spike in energy prices, the bank thinks the BoE's Monetary Policy Committee will prefer to wait for more clarity and stay on hold.
Consumer expectations for one-year US inflation growth slowed to a 3% gain in February from a 3.1% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations were unchanged from a 3.0% gain for the three-year period and for five years ahead.
In what's likely to be the calm before the storm, Americans' inflation expectations were little changed in February amid mixed views on the state of the job market and current and future finances.
* Last month, NY Fed finds stability in expected infaltion path. * NY Fed survey does not capture Iran war impact. * NY Fed finds mixed job market views in February. By Michael S. Derby. In what's likely to be the calm before the storm, Americans' inflation expectations were little changed in February amid mixed views on the state of the job market and current and future finances.
* Dollar in high demand as investors look for safety. * Euro, sterling slip; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Saqib Iqbal Ahmed.
Canada will publish its international merchandise trade data for Janaury on Thursday, said RBC. Canada's January merchandise trade balance is expected to show exports and imports slowed following stronger readings late last year, noted the bank. Energy prices surged in January, which likely drove much of the movement in the trade balance, given Canada's role as a major energy exporter, stated RBC.
Pakistan's central bank Mondays said its Monetary Policy Committee decided to keep the policy rate unchanged at 10.5%. "While the incoming data was largely consistent with the macroeconomic projections shared after the January meeting, the Committee observed that the macroeconomic outlook has become quite uncertain following outbreak of the war in the Middle East," wrote the central bank in its...
The escalating war in the Middle East has investors questioning some of 2026's most popular trades and themes, with global equities slumping, the dollar jumping and traders scaling back their bets for rate cuts from the Federal Reserve. "This year, investors have been positioning for growth. "Investors are looking at things cautiously and would still have more to unwind."
The escalating war in the Middle East has investors questioning some of 2026's most popular trades and themes, with global equities slumping, the dollar jumping and traders scaling back their bets for rate cuts from the Federal Reserve. "This year, investors have been positioning for growth. "Investors are looking at things cautiously and would still have more to unwind."
* Inflation surpasses Banxico's target, raising bets for a pause in rate cuts. * Consumer prices rose 4.02% in February, exceeding expectations. * Analysts warn against rate cuts amid rising inflation and oil prices. By Aida Pelaez-Fernandez.
Sallie Mae formally SLM Corporation (SLM), today announced that it has entered into a $200 million accelerated share repurchase agreement with Goldman Sachs & Co. LLC. The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae?s Board of Directors, effective Jan. 22, 2026.
Canada will release the Labour Force Survey for February on Friday, said CIBC. Employment may recover the ground lost in January, with that prior month's report treated with some skepticism due to the potential impact of large snowfall in Ontario during the survey week, noted the bank. CIBC estimates jobs to rise by 25,000 in February.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, with the focus this week on existing home sales and consumer price data for February and a revision to Q4 gross domestic product growth. Federal Reserve officials are in their 'quiet period' ahead of the Federal Open Market Committee meeting on March 17-18.
Central banks across Europe came under market pressure on Monday to lift interest rates as the war in Iran drove up energy costs and revived the spectre of another inflation wave. Money markets ramped up bets on rate increases by the European Central Bank, the Swiss National Bank and Sweden's Riksbank before year-end, with the Bank of England seen following suit in 2027.
Duke Energy (DUK) said Monday it intends to issue $1 billion of convertible senior notes maturing in 2029 via a private placement. The transaction grants initial buyers a 13-day option to purchase up to an additional $150 million of the securities, the company said.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Jiaxing Li, Rae Wee and Harry Robertson.
* UK borrowing costs surge on rising energy prices. * Finance minister calls for release of IEA oil reserves. * PM Starmer says risk of economic damage is growing. * Household energy bill cap could cost 9 billion pounds, Citi says. * Deutsche Bank sees near 0.5% hit to UK GDP, 1% boost to inflation. By Sam Tabahriti and Sarah Young.
US equity investors will remain glued to the war in the Middle East, while keeping an eye on inflation data and earnings from technology heavyweights. * West Texas Intermediate crude oil futures jumped to as much as $119.48 a barrel, a 52-week high, early Monday, according to data compiled by CNBC. * The CBOE Volatility Index climbed 6% to 31.39 pre-bell.
* FTSE 100 down 1.1%, FTSE 250 down 1.6% * Shell and BP climb as crude prices approach $120 a barrel. * GSK to get $690 million from Alfasigma for linerixibat rights. March 9 - UK stocks fell to their lowest levels in nearly two months on Monday as rising oil prices intensified inflation fears and concerns over potential interest rate hikes amid ongoing U.S.-Israeli tensions with Iran.
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that while she expects inflation pressures to moderate, if they are not easing later this year the U.S. central bank may have to weigh tighter monetary policy to ensure price pressures retreat to 2%. "My expectation has been that inflation would start making progress towards our 2% target.
TransUnion (TRU) today announced a new, lower price of 99 cents per mortgage origination score for VantageScore? 4.0, reinforcing its commitment to homebuyer affordability and delivering greater value for mortgage lenders. This move supports the Federal Housing Finance Agency?s focus on increasing score competition in the mortgage market and making housing more affordable for Americans.
* Dollar in high demand as investors scramble for liquidity. * Euro, sterling tumble; yen languishes near 159 per dollar. * Inflation risks stall bets for central bank rate cuts. By Jiaxing Li and Rae Wee.
* Emerging central banks face risk of capital outflow. * South Korea may shift to hawkish bias if inflation overshoots. * BOJ can less afford to pause as oil adds price pressure. * IMF urges policymakers to 'think of the unthinkable' By Leika Kihara.
* Dollar rises to over three-month high. * US 10-year Treasury yields at one-month high. * Crude oil prices rise about 15% * Iran names Khamenei's son Mojtaba as new supreme leader. By Noel John.
* 'Wealth of Nations' marks 250th anniversary on March 9. * Debate over legacy of Smith's ideas continues. * But his ideas on trade, wealth, labour still resonate. By Mark John. Tax the rich. Such are the rallying calls of many of today's most heated economic debates.
Tax the rich. Such are the rallying calls of many of today's most heated economic debates. Smith knew nothing of Donald Trump or tech billionaires when he railed against trade protectionism and extreme affluence in "The Wealth of Nations", the best-read economics book in history, which celebrates its 250th birthday on Monday.
The CNN Money Fear and Greed index showed a further increase in the overall fear level, while the index remained in the ?Fear? zone on Friday. U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 450 points during the session.
Global bond markets tumbled on Monday as an intensifying U.S.-Israeli war with Iran pushed oil briefly toward $120 a barrel, heightening inflation concerns and fuelling expectations that European central banks could tighten policy later this year. The markets stabilized a bit in the afternoon session, rallying from their lowest levels as oil prices came off their highs.
German industrial production fell unexpectedly in January by 0.5% compared to the previous month, the federal statistics office said on Monday. Analysts polled by Reuters had predicted a 1.0% rise. The office offers more detailed data on its website.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 11,606,054.79. POOL FACTOR.
?. ISIN Code. Our Ref. ISSUE NAME. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bonds due September 2029. Series No 89 Tranche 1 MTN. INTEREST PERIOD. VALUE DATE. INTEREST RATE. NUM OF DAYS. DAY BASIS. CURRENCY CODE. TOTAL INTEREST AMT. GBP 10,501,643.84. POOL FACTOR.
* Investors wary of inflation risks as oil prices surge. * Traders price in rate hikes from ECB. * US rate futures price in just one full cut from Fed. * Analysts, investors say positioning shifts exacerbate moves. * G7 says prepared to undertake measures to address surging oil. By Yoruk Bahceli, Ankur Banerjee and Gertrude Chavez-Dreyfuss.
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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