Goldman Sachs (GS) has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the South Asian economy contends with sharp depreciation in its currency. Goldman forecasts the Indian economy will grow by 5.9% in calendar year 2026 compared to its pre-Iran war forecast of 7%, it said in a report on Tuesday.
* Iran denies talks with US. * Trump postpones strikes on Iranian power grid. * Oil remains above $100 a barrel. * Silver, platinum and palladium down over 2% By Noel John. Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm U.S. dollar and fading hopes for near-term Federal Reserve interest rate cuts.
* China's stability message contrasts with U.S. policy volatility. * U.S. corporate leaders attend, Japanese executives absent amid diplomatic tensions. * China's five-year plan central to forum discussions. * China's trade surplus hits record $1.2 trillion in 2025 amid global tensions. By Casey Hall and Joe Cash.
The Progressive Corporation (PGR) today announced the pricing of $500 million aggregate principal amount of its 4.60% Senior Notes due 2031 and $1 billion aggregate principal amount of its 5.15% Senior Notes due 2036 in an underwritten public offering.
Japan's core consumer inflation slowed below the central bank's 2% target in February for the first time in nearly four years, data showed, as government fuel subsidies offset rising import costs from a weak yen and surging oil prices from the Iran war.
* February core CPI rises 1.6% yr/yr vs forecast +1.7% * BOJ's preferred index excluding fresh food, fuel up 2.5% yr/yr. * Subsidies offset rising import costs for fuel, raw material. * BOJ to disclose new indicator to better gauge price trend. By Leika Kihara.
* RBNZ may raise rates if inflation becomes entrenched, says governor Breman. * Markets expect a 60% chance of rate hike by May. * Economists say RBNZ unlikely to raise rates in next 6 months. By Lucy Craymer and Wayne Cole.
Activity in Japan's manufacturing sector slowed in March, as orders and output cooled in an early sign of the Middle East conflict's impact on Japanese businesses, a survey showed on Tuesday. * The S&P Global flash Japan Manufacturing Purchasing Managers' Index fell to 51.4 in March from a near four-year high of 53.0 in February.
S&P Global Ratings upgraded Bolivia's long-term sovereign credit rating to "CCC+" from "CCC-" on Monday, citing lower debt-service obligations. The ratings agency also raised its outlook on the country to stable from negative.
San Francisco Federal Reserve Bank President Mary Daly on Monday said that unless the Iran conflict resolves quickly and the Fed can simply "look through" a temporary increase in oil prices, it is not clear what the Fed's next move on interest rates will need to be.
Zions Bancorporation agreed to buy the agency lending business of Basis Multifamily Finance I, a subsidiary of Basis Investment Group. The deal includes the unit's team, access to Fannie Mae and Freddie Mac lending programs, and all associated mortgage-servicing rights, Zions said Monday in a statement. Financial terms weren't disclosed.
US equity indexes rose on Monday after President Donald Trump's decision to postpone a threat to attack Iran's power infrastructure sent crude oil prices and government bond yields sharply lower.
Basis Investment Group and Zions Bancorporation Enter into Strategic Partnership to Expand Each Company's Real Estate Financing and Capital Formation Efforts SALT LAKE CITY, March 23, 2026 /PRNewswire/ -- Zions Bancorporation, N.A (ZION). today announced that it has entered into a definitive agreement to acquire the agency lending business of Basis Multifamily Finance I, LLC, a subsidiary of Basis Inv...
WisdomTree, Inc. (WT), a global financial innovator, today announced its intention to offer, subject to market conditions and other factors, $525.0 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
"We are in interesting times as the market must now balance these robust technicals against a backdrop of geopolitical tension in the Middle East and the nomination of Kevin Warsh, whose hawkish reputation is already being weighed by participants," said Jason Wong, vice president of municipals at AmeriVet Securities.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was up 3.3%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was increasing 4.4% to $70,932, and the yield for 10-year US Treasuries fell 5.7 basis points to 4.33%. ...
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was up 3.3%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was increasing 4.4% to $70,932, and the yield for 10-year US Treasuries fell 5.7 basis points to 4.33%. ...
* Global economic growth slows due to rising oil prices, warns ADNOC CEO. * Oil execs warn of long-term economic impact from Iran conflict. * US Energy Secretary downplays crisis, cites strategic measures. * Strait of Hormuz closure causes global energy supply disruptions. By Sheila Dang and Stephanie Kelly.
"The secondary infrastructure demands [of data centers] will increasingly flow through to municipal balance sheets, driving incremental issuance across multiple sectors," said J.P. Morgan strategists.
A fatal crash and closure at New York's LaGuardia Airport adds to the list of transportation hurdles that includes a jump in jet fuel prices, and travel delays due to a lapse in TSA funding.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.1%. The Philadelphia Housing Index was up 3%, and the State Street Real Estate Select Sector SPDR ETF was gaining 1.3%. Bitcoin was increasing 3.9% to $70,553, and the yield for 10-year US Treasuries was shedding 2.5 basis points t...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.1%. The Philadelphia Housing Index was climbing 3%, and the State Street Real Estate Select Sector SPDR ETF was up 1.3%. Bitcoin was increasing 3.9% to $70,553, and the yield for 10-year US Treasuries was shedding 2.5 basis points ...
* Markets relieved after Trump delays strikes, but caution remains. * Bund yields drop from their highest in almost 15 years. * BofA economist says markets underprice adverse economic impact of the energy shock. By Stefano Rebaudo and Sophie Kiderlin.
* Consumer confidence falls to lowest level since late 2023. * Investors think ECB will be forced to raise interest rates. * Economist predicts GDP will stagnate over next two quarters. By Balazs Koranyi.
Deutsche Bank said it expects Chile's central bank to keep rates on hold at 4.5% on Tuesday. The geopolitical shock in the Middle East is adding upside risks to inflation and downside risks to economic activity, and its macroeconomic implications would depend on the duration and scope of the ongoing disruptions in energy markets, noted the bank.
Federal Reserve Governor Stephen Miran ? who has dissented in favor of rate cuts at every meeting since his appointment by President Donald Trump last year ? said Monday that the Iran-driven oil shock does not alter his policy outlook, arguing the Fed should wait for clearer evidence before assessing the inflation impact of higher energy prices.
U.S. construction spending unexpectedly fell in January amid broad weakness in private projects, government data showed. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.3% after an upwardly revised 0.8% jump in December, which was the largest increase since April 2024.
Morgan Stanley said it sees Hungary's central bank NBH on hold on Tuesday, with a cautious forward guidance focused on ensuring currency and inflation expectations stability. Morgan Stanley noted it expects Norway's Norges Bank to remain on hold on Thursday. The policy rate path will be revised upwards and the bank forecasts the statement to flag risks to the upside.
Scotiabank provided market pricing across several central banks just before President Donald Trump's latest post claiming the United States and Iran had held talks and were moving toward de-escalation. -- Federal Reserve: OIS markets are leaning toward a mostly priced 25bps hike by year-end. -- Bank of Canada: Markets have about 100bps of hikes priced by year-end.
Mozambique's central bank left its main interest rate unchanged at 9.25% in a decision announced on Monday. The Bank of Mozambique said at its last rate-setting meeting in January that it was nearing the end of an easing cycle. At the time the Southern African country was reeling from severe floods, and the U.S.-Israel war against Iran has further ratcheted up risks to the economic outlook.
US construction spending fell by 0.3% in January, compared with a 0.1% increase expected in a survey compiled by Bloomberg and following an upwardly revised 0.8% increase in December.
Federal Reserve Governor Stephen Miran said on Monday it's premature to draw conclusions about how surging oil prices will affect the U.S. economy, as he stuck to his guns and argued a softening jobs market requires more rate cuts from the central bank.
* Fed's Miran advocates for gradual interest rate cuts despite oil price surge. * Miran tells Bloomberg unclear how oil surge will hit economy. * Miran says no sign yet higher oil prices destabilizing inflation. By Michael S. Derby.
Inflation is the greater risk facing the U.S. economy right now with the unemployment rate remaining fairly stable, Chicago Fed President Austan Goolsbee said on Monday, though a quick resolution of the Iran conflict could still leave the Fed poised to cut rates later this year.
Federal Reserve Governor Stephen Miran said on Monday it is too soon to say what the energy price shock due to the Iran war will do to inflation, and still thinks rate cuts are warranted to support the job market.
SEATTLE, March 23, 2026 CD Valet is a digital marketplace that connects consumers with the best verified, high-yield CD rates nationwide, helping community financial institutions effectively attract new deposits.?Following the Federal Reserve's recent announcement, CD Valet's rate analysis shows that consumers and financial institutions are staying focused on short?term funding.
Brazilian economists trimmed expectations for monetary easing this year after policymakers kicked off an interest rate-cutting cycle last week with a 25-basis-point reduction to 14.75%, a weekly central bank survey showed on Monday.
Euro area government bond yields sharply reversed their rise on Monday after President Donald Trump said he will order the U.S. military to postpone any strikes against Iranian power plants and energy infrastructure for five days. Expectations for an end of the Middle East conflict eased inflation fears and saw investors scale back their bets on future European Central Bank rate hikes.
Ormat Technologies, Inc. (ORA) today announced the closing of its previously announced private offering of $1 billion aggregate principal amount of convertible senior notes, including the full exercise of the initial purchasers? option to purchase additional notes.
TD said last week's data releases and the Bank of Canada statement described a world that could have been, with a domestic backdrop showing easing inflation. The war in Iran has upended that, noted the bank. It is unfortunate that households and businesses will face this new pinch because Friday's retail sales data in Canada sent some positive signals, stated TD.
The US dollar was mixed against its major trading partners early Monday -- up versus the pound and Canadian dollar, down versus the euro and yen -- ahead a lighter data week, starting with the Chicago Federal Reserve's national activity index for February at 8:30 am ET, construction spending for January at 10:00 am ET and the Atlanta Federal Reserve's GDP nowcast reading around midday.
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.
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