Treasury Secretary Scott Bessent said on Tuesday the underlying U.S. economy remained strong and that growth could still exceed 3% or 3.5% this year despite the impact of the U.S.-Israeli war on Iran. Bessent has cast cuts in global growth forecasts and higher inflation projections by the International Monetary ?Fund and World Bank as an overreaction.
Treasury Secretary Scott Bessent said on Tuesday the underlying U.S. economy remained strong and that growth could still exceed 3% or 3.5% this year despite the impact of the U.S.-Israeli war on Iran. Bessent has cast cuts in global growth forecasts and higher inflation projections by the International Monetary ?Fund and World Bank as an overreaction.
A $142,401 Pathway Fund grant from the Federal Home Loan Bank of Dallas, through its member institution First Federal Bank of Louisiana, will significantly expand Project Build a Future?s ability to help families resolve heirs? property challenges, clear long?standing title issues and protect generational wealth in Louisiana?s Calcasieu Parish. This press release features multimedia.
Borr Drilling (BORR) said late Tuesday it plans to offer $250 million of convertible senior notes due 2033 to qualified institutional buyers. The company said it will grant initial buyers a 13-day overallotment option to buy up to an additional $37.5 million of the notes. Ner proceeds will be used to repurchase existing convertible bonds due 2028 and for general corporate purposes, the company said.
NRG Energy (NRG) said late Tuesday it has priced its offering of $500 million of 4.955% senior secured first lien notes due 2031. The company said it also priced its offering of $1.05 billion of 5.875% senior unsecured notes due 2034, and $1.05 billion of 6.125% senior unsecured notes due 2036.
Alimentation Couche-Tard Inc (ANCTF) : * ALIMENTATION COUCHE-TARD PRICES PRIVATE OFFERING OF EURO DENOMINATED SENIOR UNSECURED NOTES. * Alimentation Couche-Tard Inc (ANCTF) - PRICES ?750 MILLION EURO SENIOR UNSECURED NOTES DUE 2033. * Alimentation Couche-Tard Inc (ANCTF): NOTES WILL CARRY A COUPON OF 3.901% PER ANNUM AND WILL BE SOLD AT PAR Source text: Further company coverage:
LAVAL, QC, April 14, 2026 Alimentation Couche-Tard Inc. (ANCTF) announced today that it has priced a private debt offering of Euro denominated senior unsecured notes due 2033 with an aggregate principal amount of ?750?million. The Notes will carry a coupon of 3.901% per annum and will be sold at par.
KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District General Obligation Bonds, Series QRR, and 2026 General Obligation Refunding Bonds, Series A. Concurrently, KBRA affirms the long-term rating of AAA on the District's outstanding General Obligation Bonds.
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES PRICING OF SENIOR SECURED NOTES AND SENIOR UNSECURED NOTES. * NRG Energy Inc (NRG) - PRICES $500 MILLION OF 4.955% SENIOR SECURED NOTES DUE 2031. * NRG Energy Inc (NRG) - PRICES $1.05 BILLION OF 6.125% SENIOR UNSECURED NOTES DUE 2036. * NRG Energy Inc (NRG) - PRICES $1.05 BILLION OF 5.875% SENIOR UNSECURED NOTES DUE 2034 Source text: Further company coverage:
NRG Energy, Inc. (NRG) has priced its previously announced concurrent offerings of $500 million aggregate principal amount of 4.955% senior secured first lien notes due 2031 and senior unsecured notes, consisting of $1,050 million aggregate principal amount of 5.875% senior unsecured notes due 2034 and $1,050 million aggregate principal amount of 6.125% senior unsecured notes due 2036.
The quiet in the muni market is likely due to geopolitical uncertainties, according to Cooper Howard, director of fixed income strategy at Charles Schwab.
US equity indexes closed higher on Tuesday as optimism over the resumption of US-Iran peace talks sent crude oil prices lower. * Talks to end the Iran war could resume in Pakistan over the next two days, US President Donald Trump said on Tuesday. * The US Producer Price Index rose by 0.5% in March, the same as in February and below the 1.1% gain expected in a Bloomberg-compiled survey.
Financial stocks were higher in late Tuesday afternoon trading with the NYSE Financial Index rising 0.5%, and the State Street Financial Select Sector SPDR ETF increasing 0.4%. The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin shed 0.3% to $74,210, and the yield for 10-year US Treasuries fell 4.1 basis points to 4.256%. In econ...
* US-Iran talks in Islamabad may resume, calming oil markets. * US PPI up less than expected; little impact on bond market. * Fed rate cut expectations fade, yield curve flattens. By Gertrude Chavez-Dreyfuss.
The International Monetary Fund lowered its global economic growth expectations for 2026 due to the Middle East conflict, cautioning that a prolonged war could drive a further slowdown. The IMF said Tuesday that it now projects real gross domestic product for the world to grow by 3.1% in 2026, down 0.2 percentage points from its previous forecast in January.
Financial stocks were higher in late Tuesday afternoon trading with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF increasing 0.4%. The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin shed 0.3% to $74,210, and the yield for 10-year US Treasuries fell 4.1 basis points to 4.256%. In corpo...
* Warsh pledges to divest some assets if confirmed. * Senate Banking Committee to hold confirmation hearing on April 21. * Warsh's vast wealth suggests challenging vetting process for legislators. * Republican senator vows to block confirmation until DOJ probe of Powell concludes. By Howard Schneider and Michael S. Derby.
KBRA assigns a long-term rating of AAA to the State of Oregon Department of Administrative Services Oregon State Lottery Revenue Bonds, Series 2026A and Series 2026B.
The International Monetary Fund on Tuesday slashed Senegal's economic growth forecast for this year and said it expected a larger current account deficit than previously expected.
U.S. Treasury Secretary Scott Bessent on Tuesday took issue with cuts in global growth forecasts and higher inflation projections announced by the International Monetary Fund and World Bank as a result of the war in the Middle East, saying the institutions had probably "overreacted."
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Trans World Assurance Company. The Credit Ratings reflect TWA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
The veteran underwriter said he's excited about joining a smaller, more focused firm, where he can once again expand its competitive bidding capabilities.
Central banks and financial regulators must quickly understand the implications of a new artificial intelligence model that could pose major cybersecurity ?dangers, Bank of England Governor Andrew Bailey said on Tuesday.
Dealer inventories hit $8.8 billion in unsold variable rate bonds as of noon, Eastern, Tuesday, rising sharply over the past week, said Rick White, an independent consultant with more than 25 years in the industry.
The Senate Banking Committee will hold a hearing for Federal Reserve chair nominee Kevin Warsh on April 21, it said on Tuesday, giving lawmakers less than a month to get him confirmed before Jerome Powell's leadership term ends.
* Trading revenues surge at major banks amid market volatility, with Citi and JPMorgan (JPM) posting double-digit gains. * Bank executives, including JPMorgan's Dimon, warn of geopolitical and economic risks. * Despite risks, consumer spending remains resilient, executives say.
Blue Owl Capital is making a comeback, raising $400 million from bond investors, following several months of ripples in the private credit market. ??Blue Owl Capital shares are climbing with conviction. The bonds, issued by Blue Owl Capital Corp, are investment-grade rated notes.
Financial stocks were higher in Tuesday afternoon trading with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF climbed 0.5%. Bitcoin increased 0.4% to $74,730, and the yield for 10-year US Treasuries fell 2.3 basis points to 4.27%. In econ...
US producer prices growth steadied in March as wholesale costs of energy surged amid volatility stemming from the Iran war. The producer price index increased 0.5% on a seasonally adjusted basis, unchanged from February's tally, the Bureau of Labor Statistics reported Tuesday.
A temporary injunction issued Monday blocks the removal of minority- and women-owned firms from the state's Historically Underutilized Businesses program.
Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF gaining 0.2%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF climbed 0.5%. Bitcoin increased 0.4% to $74,730, and the yield for 10-year US Treasuries fell 2.3 basis points to 4.27%. In corporate ...
Fitch: * FITCH UPGRADES UBS GROUP TO 'A+'; OUTLOOK STABLE. * FITCH: UPGRADE REFLECTS FITCH'S VIEW THAT UBS'S EXECUTION RISK RELATED TO INTEGRATION OF CREDIT SUISSE HAS MATERIALLY DIMINISHED.
* IMF cuts 2026 global GDP growth 'reference forecast' to 3.1% assuming short-lived Iran war. * World is drifting toward 'adverse scenario' of 2.5% 2026 growth, IMF chief economist says. * Deeper, longer conflict would push global economy to brink of recession, IMF says. * IMF chief economist says oil above $110 a barrel in 2026, 2027 would make inflation hard to control.
Bank of Canada looks "a bit" overpriced for rate hikes, given a tepid Canadian economy, said Deutsche Bank. Despite Canada being a huge net energy exporter, the Canadian dollar has underperformed, consistent with the bank's bearish CAD view. MT Newswires does not provide investment advice.
Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle East helped investors look past the failed U.S.-Iran talks and focus on the start of first-quarter earnings season. I will go into more detail on today's market moves below.
Wall Street's main indexes rallied to close sharply higher on Monday as hopes for de-escalation in the Middle East helped investors look past the failed U.S.-Iran talks and focus on the start of first-quarter earnings season. I will go into more detail on today's market moves below.
Billionaire investor Ken Griffin warned on Tuesday that the world could face a global recession if the Strait of Hormuz remains closed for a prolonged period. "This really is a very, very treacherous moment for the world economy," the Citadel CEO said at the Semafor World Economy Forum.
* US-Iran talks in Islamabad may resume, calming oil markets. * US PPI up less than expected; little impact on bond market. * Fed rate cut expectations fade, yield curve flattens. By Gertrude Chavez-Dreyfuss.
* Trading revenues surge at major banks amid market volatility, with Citi and JPMorgan (JPM) posting double-digit gains. * Bank executives, including JPMorgan's Dimon, warn of geopolitical and economic risks. * Despite risks, consumer spending remains resilient, executives say.
U.S. Treasury Secretary Scott Bessent on Tuesday took issue with cuts in global growth forecasts and higher inflation projections from the International Monetary Fund and World Bank in the wake of the Middle East, saying the institutions had probably "overreacted."
* Says economy between baseline and adverse scenario. * Lagarde adds won't leave ECB ship as clouds loom. The European Central Bank has not made its mind up on whether to raise interest rates as the fallout of the Iran war on the euro zone's economy is still unclear, ECB President Christine Lagarde said on Bloomberg TV on Tuesday.
U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its interest rates.
* Producer Price Index increases 0.5% in March, below expectations for a 1.1% advance. * PPI rises 4.0% year-on-year, largest gain in three years. By Lucia Mutikani.
The world may be already drifting towards the International Monetary Fund's "adverse scenario" forecast of weaker 2.5% global growth in 2026 even as it released on Tuesday a more benign reference forecast of 3.1% growth, IMF chief economist Pierre-Olivier Gourinchas said.
Billionaire investor Ken Griffin warned on Tuesday that the world could face a global recession if the Strait of Hormuz remains closed for a prolonged period due to war in the Middle East. "This really is a very, very treacherous moment for the world economy," the Citadel CEO said at the Semafor World Economy Forum.
Berkadia, a distinguished leader in the commercial real estate sector, announced today that it now offers access to proprietary preferred equity, in a one-stop-shop format, behind its own-originated?Freddie Mac?Conventional loans.
The International Monetary Fund Tuesday trimmed its 2026 forecast for Canada's gross domestic product growth by 0.1 percentage points to 1.5%, while keeping the estimate at 1.9% for next year. The IMF published its latest World Economic Outlook on Tuesday. Canada's GDP expanded 1.7% in 2025.
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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