European Central Bank hawks are itching to rewrite the record. The debate within the ECB Governing Council will surely be intense over whether, how or when to respond to this potentially inflationary oil and gas price spike. But financial markets aren't hanging about to find out who's going to win the argument.
Swiss private equity firm Partners Group Chair Steffen Meister has warned that default rates in private credit could double over the next few years, as lenders may bear the full downside of AI-driven economic disruption, while seeing only limited upside, the Financial Times reported on Thursday.
* Iran tells world to get ready for oil at $200 a barrel. * IEA agrees to release record 400 million barrels of oil. * US January PCE data due on Friday. By Noel John. Gold prices fell on Thursday, weighed down by a firmer U.S. dollar and waning hopes for near-term U.S. interest-rate cuts as higher energy prices stoked inflation concerns.
Goldman Sachs (GS) has pushed back its forecast for the U.S. Federal Reserve's rate cuts, and now expects quarter-point reductions in September and December, citing rising inflation risks linked to the Middle East conflict. The U.S. brokerage had previously projected the easing cycle to begin in June, followed by another reduction in September.
* Crude oil volatility at highest levels since pandemic. * Investor confidence also dented by U.S. tariff moves. By Gregor Stuart Hunter. The safe-haven U.S. dollar hovered close to its strongest levels this year on Thursday as climbing oil prices threatened to spur inflation and force central banks globally to adopt more hawkish policy stances.
Kodiak Gas Services, Inc. (KGS) today announced that its subsidiary, Kodiak Gas Services, LLC, priced its previously announced private offering of $1.0 billion in aggregate principal amount of 5.875% senior unsecured notes due 2031.
KBRA assigns a long-term rating of AA to the Alaska Municipal Bond Bank Authority General Obligation Bonds, 2026 Series One and affirms the long-term rating of AA for the Authority's outstanding General Obligation Bonds. KBRA additionally affirms the long-term rating of AA+ for the State of Alaska's General Obligation Bonds as well as the long-term rating of AA for the State's Appropriation Bonds.
California Resources (CRC) said late Wednesday it priced an upsized private offering of $350 million of 7% senior unsecured notes due 2034. The offering is expected to be completed on March 23, subject to closing conditions, according to a statement. Net proceeds will be used to redeem $350 million of its 8.25% senior unsecured notes due 2029, the company said.
Baker Hughes (BKR) said late Wednesday it has issued $6.50 billion in debt consisting of five tranches of senior unsecured notes, including $500 million of 4.050% notes due 2029. The firm said it also issued 3 billion euros in debt consisting of four tranches of senior unsecured notes, including 600 million euros of 3.226% notes due 2030.
Alpha Pro Tech Ltd (APT): * ALPHA PRO TECH Q4 BASIC EPS USD 0.07. * ALPHA PRO TECH Q4 EPS USD 0.07. * ALPHA PRO TECH Q4 NET INCOME USD 700 THOUSAND. * Alpha Pro Tech Ltd (APT): UNCERTAINTY IN HOUSING STARTS, TARIFFS, INTEREST RATES & ECONOMY MAY NEGATIVELY AFFECT CO'S BUILDING SUPPLY SEGMENT IN 2026 Source text: Further company coverage:
US equity indexes closed mixed on Wednesday, as government bond yields surged with the dollar after Israel-Iran fighting intensified, outweighing a planned record release of crude oil reserves by the International Energy Agency.
February's inflation report showed moderating inflation pressures in various categories of products. ? What?s next for XLY stock? According to the Consumer Price Index data released recently, inflation has risen by 0.3% during February and 2.4% over the 12 months through February. New vehicle prices were flat during February and have risen by only 0.5% over the 12 months through February.
AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to ?aa-? from ?a+? of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, collectively known as CapSpecialty Insurance Group.
California Resources Corporation (CRC) announced today the pricing of an upsized private offering of $350 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034.
Baker Hughes Company (BKR) today successfully issued $6.5 billion in debt consisting of five tranches of senior unsecured notes and ?3 billion in debt consisting of four tranches of senior unsecured notes: The notes were issued by Baker Hughes? wholly owned subsidiary, Baker Hughes Holdings LLC and by BHH LLC?s wholly owned subsidiary Baker Hughes Holdings Co-Obligor, Inc., and are fully and uncondit...
Oil prices rose sharply on Wednesday despite a record release of global crude reserves, stoking inflation fears and lifting two-year Treasury yields to the highest since September. In my column today I sketch out why structurally higher oil prices are bad news for U.S. corporate earnings, as businesses and consumers face far higher direct and indirect energy costs than they were budgeting for.
Oil prices rose sharply on Wednesday despite a record release of global crude reserves, stoking inflation fears and lifting two-year Treasury yields to the highest since September. In my column today I sketch out why structurally higher oil prices are bad news for U.S. corporate earnings, as businesses and consumers face far higher direct and indirect energy costs than they were budgeting for.
Fair Isaac Corporation (FICO) announced today that it priced $1.0 billion in aggregate principal amount of 6.250% Senior Notes due 2034 in a private offering that is exempt from registration under the Securities Act of 1933, as amended.
"There was a certain amount of resilience munis had in the last week, comfortable enough with distribution," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital Markets. "But the 10-year Treasury backing up behind 4.20%, it proved to be the catalyst for adjusted bid-sides."
Midland States Bancorp, Inc. (MSBI) announced today that Jeffrey G. Ludwig, President and Chief Executive Officer has been reappointed to the Federal Advisory Council of the Board of Governors of the Federal Reserve Board.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. CRM announces its largest-ever bond sale, a $25B eight-part offering with maturities ranging from two to 40 years, marking the company's first U.S. investment-grade debt issuance since 2021. MT Newswires does not provide investment advice.
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF retreating 1%. The Philadelphia Housing Index was dropping 1.7%, and the State Street Real Estate Select Sector SPDR ETF was down 1.4%. Bitcoin was increasing 0.8% to $70,533, and the yield for 10-year US Treasuries rose 7.2 basis poin...
AM Best has affirmed the Financial Strength Rating of A++, the Long-Term Issuer Credit Rating of ?aa+? and the Mexico National Scale Rating of ?aaa.MX? of Seguros Monterrey New York Life, S.A. de C.V.. The outlook of these Credit Ratings is stable.
The consumer price index rose by 0.3% in February and was up 0.2% excluding food and energy prices, both right on expectations. The gain maintained the year-over-year increase at 2.4%, while the core measure was unchanged at a 2.5% increase.
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF retreating 1%. The Philadelphia Housing Index was dropping 1.7%, and the State Street Real Estate Select Sector SPDR ETF was down 1.4%. Bitcoin was increasing 0.8% to $70,533, and the yield for 10-year US Treasuries rose 7.2 basis poin...
Gold traded lower midafternoon Wednesday as the dollar rose after a U.S. inflation measure rose in line with expectations February, lowering hopes the Federal Reserve will cut interest rates. Gold for April delivery was last seen down $61.70 to US$5,180.40 per ounce.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF retreating 1.2%. The Philadelphia Housing Index was dropping 1.4%, and the State Street Real Estate Select Sector SPDR ETF was down 1.1%. Bitcoin was up 1.4% at $70,958, and the yield for 10-year US Treasuries was rising 7.4 basis points to...
* US inflation rises as expected in February, impacting market sentiment. * Oil prices up as Middle East conflict raises concerns over global energy trade and inflation. * Bond yield rise fuels overheating fears in private credit and AI investments. By Lawrence Delevingne and Amanda Cooper.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each falling 1.1%. The Philadelphia Housing Index was dropping 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 1%. Bitcoin was up 1.4% at $70,958, and the yield for 10-year US Treasuries was rising 7.4 basis points to 4.21%. In co...
Fitch: * FITCH RATINGS RAISES ITS NEAR-TERM OIL AND GAS PRICE ASSUMPTIONS. * FITCH ON OIL & GAS PRICE: SEE CURRENT SPIKE IN PRICES TO BE FOLLOWED BY DROP TO LEVELS DRIVEN BY MARKET FUNDAMENTALS ONCE STRAIT OF HORMUZ REOPENS Source text:
US equity indexes were mixed as government bond yields rose around midday Wednesday after fighting between Iran and Israel reportedly intensified, outweighing plans unveiled by the International Energy Agency to release record crude oil reserves.
Fitch: * FITCH RATINGS: WORLD GROWTH TO CONTINUE AT STEADY PACE IF OIL PRICE SHOCK SHORT-LIVED. * FITCH: EXPECT US CONSUMPTION TO SLOW IN 2026 AS LABOUR MARKET WEAKNESS WEIGHS ON HOUSEHOLD INCOME. * FITCH: COOLING LABOUR MARKET & SLOWING WAGE GROWTH IS LIKELY TO PERSUADE US FEDERAL RESERVE TO CUT RATES TWICE IN 2026.
U.S. consumer prices rose 2.4% from a year ago in February, data showed, matching economists' expectations. The Consumer Price Index rose 0.3% last month from January, also matching the expectations of economists polled by Reuters, after rising 0.2% the previous month. MARKET REACTION:??. STOCKS: U.S. stocks were lower. BONDS: U.S. Treasury yields rose after the inflation report.
US equity indexes fell as government bond yields rose around midday Wednesday after the International Energy Agency confirmed plans for a record release of crude oil reserves, and fighting between Iran and Israel reportedly intensified.
U.S. public finance entities could see heightened "cyber reprisals" by Iran and its proxies amid the continuing conflict in the Middle East, with these attacks from state-sponsored actors, hacktivist groups, and lone wolves likely to become more frequent, Fitch Ratings warns.
The Appia roadmap for a euro-based tokenized financial system is part of the European Union?s push to reduce reliance on foreign financial infrastructure.
Annual consumer inflation in the US held steady last month, though analysts cautioned that a spike in energy prices in the aftermath of the Middle East conflict poses upside risks to inflation. The consumer price index grew 2.4% year-on-year, unchanged from January and meeting a Bloomberg-polled consensus, the Bureau of Labor Statistics reported Wednesday.
Events in the Middle East have added a thick cloud of uncertainty to the Bank of England's policy rate path, says Deutsche Bank. With energy prices up "sizeably," the inflation path remains highly uncertain, and the United Kingdom's disinflation trajectory is now in doubt, the bank notes.
California Resources (CRC) said Wednesday it plans to offer $250 million of 7% senior unsecured notes due 2034, as an addition to the previously issued $400 million of existing notes under the same indenture. Net proceeds from the transaction will be combined with cash and revolving credit borrowings to redeem $250 million of 8.25% senior unsecured notes due 2029, California Resources (CRC) said.
Amazon.com (AMZN) is raising 14.5 billion euros in its first-ever offering in the euro bond market, the largest corporate bond ever sold in the currency, Bloomberg reported Wednesday, citing unnamed people familiar with the matter. The bonds have maturities between two to 38 years, Bloomberg reported. Amazon (AMZN) didn't immediately reply to a request for comment from MT Newswires.
Kodiak Gas Services (KGS) said Wednesday a subsidiary has launched a $750 million private offering of senior unsecured notes due 2031. The company said proceeds will be used to help redeem its 7.25% senior notes due 2029 at 103.625% of the $750 million principal amount. Price: 55.51, Change: -0.97, Percent Change: -1.72. MT Newswires does not provide investment advice.
The Bank of Canada lowered the policy rate to 2.25% in October and has remained on hold since. BoC Governor Tiff Macklem has argued that policy is well-positioned to keep inflation contained while supporting the economy, framing current weakness as more structural. than cyclical, said Nomura.
California Resources Corp (CRC): * CALIFORNIA RESOURCES CORPORATION ANNOUNCES PRIVATE OFFERING OF ADDITIONAL 7.000% SENIOR UNSECURED NOTES DUE 2034. * California Resources Corp (CRC) - TO OFFER $250 MILLION OF 7.000% SENIOR UNSECURED NOTES DUE 2034. * California Resources Corp (CRC) - NOTES OFFERED AS ADDITIONAL TO $400 MILLION OF 7.000% SENIOR NOTES ISSUED OCT 8, 2025 Source text: Further company coverage:
An inverse correlation with energy has guided EUR/USD above 1.1650, but the retracement in energy prices hasn't dented the appeal of the Australian dollar, says Societe Generale. Australia is the world's second-largest exporter of liquefied natural gas after the United States, notes the bank. Buyers are also flocking to AUD/CAD ahead of Canadian employment data on Friday, says SocGen.
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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