KBRA assigns a long-term AA rating to the City of Chicago Water Revenue Bonds Project Series 2026A, Refunding Series 2026B, and Refunding Series 2026C. The Bonds are limited obligations of the City, secured by a pledge of and lien on, and payable solely from, the Net Revenues of the City's Water System. Key Credit Considerations Credit Positives. Credit Challenges.
* All Fed chairs face economic surprises, Daly says. * Daly in wait-and-see mode on rates since Iran war. * Daly says Fed-Treasury relationship has changed over time, sees no danger in evolution. By Ann Saphir.
The IRS has sent a material event notice to the Hennepin Schools Building Company regarding the tax-exempt status of revenue bonds issued in 2021based on the non-filing of IRS form 990.
According to Avery Shenfeld, nobody will be surprised to see headline CPI "take a big jump" in March on increases in gasoline. Shenfeld said retail sales next Friday should show a "hefty" gain in February. CIBC also awaits the release Monday of both the Q1 Business Outlook Survey and the Canadian Survey of Consumer Expectation.
Federal Reserve Governor Christopher Waller said on Friday that while the U.S.-Israeli war with Iran will likely drive up near-term inflation, a fast end to the conflict would keep the door open to cutting interest rates later this year.
Otero County said the state Supreme Court's decision protects bonds that are paid off with revenue generated under an agreement with the federal agency.
* Iranian Foreign Minister says Strait open while ceasefire in place. * Brent hits low of $86.09. * Treasury yields fall, dollar slides. * Trump tells Reuters U.S. will work with Iran on uranium. * S&P 500, Nasdaq hit fresh records, Dow strengthens. By Isla Binnie and Alun John.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index gaining 1.9% and the State Street Financial Select Sector SPDR ETF climbing 1.8%. The Philadelphia Housing Index jumped 5.1%, and the State Street Real Estate Select Sector SPDR ETF was up 1.6%. Bitcoin popped 3.7% to $77,919, and the yield for 10-year US Treasuries dropped 7.7 basis points to 4.23%. In s...
A quarter-long closure of the crucial Strait of Hormuz will likely push US inflation higher by 0.6 percentage points this year, researchers at the Federal Reserve Bank of Dallas said in an article Friday. Energy prices have surged in the aftermath of the US-Israel war with Iran that spread across the Middle East.
The two-week ceasefire with Iran comes to an end Wednesday, though President Donald Trump said Thursday at an event in Las Vegas the war should be ending soon.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index gaining 1.9% and the State Street Financial Select Sector SPDR ETF climbing 1.8%. The Philadelphia Housing Index jumped 5.1%, and the State Street Real Estate Select Sector SPDR ETF was up 1.6%. Bitcoin popped 3.7% to $77,919, and the yield for 10-year US Treasuries dropped 7.7 basis points to 4.23%. In c...
Kevin Warsh may have plans for big changes at the U.S. central bank, but like previous Federal Reserve leaders cannot know what economic surprises he may need to deal with once he is in the role, San Francisco Fed President Mary Daly said on Friday.
Borr Drilling (BORR) said Friday it has completed a $300 million offering of convertible senior notes due 2033, including $40 million from an over-allotment option. Proceeds will be used to repurchase its convertible bonds due 2028 and for general corporate purposes, the firm said. Price: 5.53, Change: +0.09, Percent Change: +1.65. MT Newswires does not provide investment advice.
Austin and Dallas joined Houston in being warned that millions of dollars in state grants are at risk over federal immigration enforcement interaction policies.
* Markets price in a first ECB hike in July, fewer than two moves fully priced in 2026. * German 2-year yields fall to one-month lows. * Macquarie says a 'nuclear concession' is crucial. By Stefano Rebaudo.
* Iranian Foreign Minister says Strait open while ceasefire in place. * Brent tumbles below $90. * Wall Street advances in the wake of European gains. * Treasury yields fall, dollar slides. * By Isla Binnie and Alun John.
* Dollar index falls to lowest since February, euro and sterling strengthen. * Oil prices plunge over 10% as Strait of Hormuz reopens, easing supply concerns. * Fed rate cut expectations rise, Bank of England and Bank of Japan signal caution. By Chuck Mikolajczak.
Pricing deals on Monday, alerting investors weeks ahead of pricing, and crafting SMA-friendly structures are some of the ways dealers are promoting their deals in a flood of supply.
Iran's move to reopen the Strait of Hormuz and a sharp drop in oil prices on Friday boosted bets the Federal Reserve may resume its interest rate cuts as soon as December, but its policymakers still face a tangled outlook ahead of their April 28-29 meeting and remained cautious about the risks of higher inflation.
Reopened Middle East shipping and plummeting oil prices on Friday boosted bets the U.S. Federal Reserve may begin cutting interest rates as soon as December, but officials still face a tangled outlook ahead of their April 28-29 policy meeting.
Millicom subsidiary Telef?nica Celular del Paraguay S.A.E. announces its intent to redeem in full Senior Notes due 2027 Luxembourg, April 17, 2026 ? Millicom?s subsidiary Telef?nica Celular del Paraguay S.A.E today announces its intent to redeem on April 29, 2026, $139,712,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027, which represents all of the outstanding Notes...
Two-year German government bond yields dropped sharply on Friday to one-month lows after Iran's foreign minister said on Friday that passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada decreased 6% in March at 235,852 units compared with February's 250,961 units, said the Canada Mortgage and Housing Corp. on Friday. The March figure was lower than the 258,000 estimate provided by MUFG.
The U.S. is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access amid disruptions in food trade supply chains caused by the war in the Middle East, two sources familiar with the matter said on Friday.
The U.S., current chair of the Group of 20 major economies, is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access and a buffer against disruptions in food trade supply chains, two sources familiar with the matter said on Friday.
LOS ANGELES, April 17, 2026 A Glaser Weil team, working with co-counsel Blank Rome and Royer Cooper Cohen Braunfeld, secured another litigation victory for Chestlen Development, a real estate investment and development firm and owner of the 52-story, 755-room W?Hotel and Element Hotel in Philadelphia, in a complex dispute against general contractor Tutor Perini Building Corp. and surety bond i...
KUALA LUMPUR, Malaysia and WUHU, China, April 17, 2026 From April 24 to 28, 2026, the Chery International Business Summit will be held during the Beijing Auto Show, bringing together over 3,000 industry partners, global dealers, and supply chain elites. It is the fastest record to one million units globally.
Canadian housing starts posted a surprise decline in March, falling 6% from the previous month, data from the national housing agency showed on Friday. The seasonally adjusted annualized rate of housing starts decreased to 235,852 units from a revised 250,961 units in February, the Canada Mortgage and Housing Corporation said.
Canadian housing starts posted a surprise decline in March, falling 6% from the previous month, data from the national housing agency showed on Friday. The seasonally adjusted annualized rate of housing starts decreased to 235,852 units from a revised 250,961 units in February, the Canada Mortgage and Housing Corporation said.
Deutsche Bank (DB) has notified Germany's central bank Bundesbank that it may have violated sanctions that limit deposits of Russian individuals to less than 100,000 euros, multiple media outlets reported Friday. A Deutsche Bank (DB) compliance group discovered the potential breach after Germany updated its legislation earlier in the year to implement the EU sanctions.
The March existing home sales report brought "more grim news" for Ontario homeowners, particularly in the Greater Toronto-Hamilton Area, where the price correction has now entered a fifth year, said Bank of Montreal in an overnight note. One reason is the "massive overhang" of unsold new condos, which stood 40% above the long-run average as of Q4 2025, noted the bank.
Marex Group plc (MRX), a diversified global financial services platform, announced the pricing on April 16, 2026 of a public offering of U.S.$500 million aggregate principal amount of its 5.680% Senior Notes due 2031. The Offering is expected to close on or about April 21, 2026, subject to the satisfaction of customary closing conditions.
Regions Financial (RF) reported a 14% rise in first-quarter profit on Friday, as strong loan growth following U.S. Federal Reserve rate cuts lifted interest income and provisions for bad loans fell. The Fed lowered interest rates by 75 basis points in the second half of 2025, boosting loan growth and lending income across U.S. banks in the first quarter.
Fifth Third Bancorp (FITB) reported a rise in first-quarter adjusted profit on Friday, driven by increased net interest income and strength in its capital markets division. Federal Reserve rate cuts in late 2025 helped U.S. banks lower deposit costs and stimulate loan demand, keeping borrowing levels resilient during the quarter despite broader macroeconomic headwinds.
Canada will release housing starts for March at 8:15 a.m. ET on Friday, notes Bank of Montreal. It said housing starts are expected to increase 1.6% month over month in March, to 255,000 annualized, slightly below the 261,000 average of the past year.
China is expected to leave benchmark lending rates unchanged for an 11th consecutive month in April, a Reuters survey showed, as robust first-quarter growth and a pick-up in inflation have weakened the case for additional monetary stimulus. This week, China's economy logged 5.0% growth, picking up from 4.5% in the previous quarter, and at the top of its full-year target range.
China is expected to leave benchmark lending rates unchanged for an 11th consecutive month in April, a Reuters survey showed, as robust first-quarter growth and a pick-up in inflation have weakened the case for additional monetary stimulus. This week, China's economy logged 5.0% growth, picking up from 4.5% in the previous quarter, and at the top of its full-year target range.
Deutsche Bank expects the U.S. Federal Reserve to keep interest rates unchanged in 2026, citing oil-driven inflation risks linked to the Middle East war, resilient growth and a tight labour market that leave little room to cut. The brokerage had earlier pencilled in a 25-basis-point cut in September.
The European Central Bank should lift its key interest rate twice this year to combat an energy-driven inflation surge, but should then reverse these moves in 2027, the International Monetary Fund's European Department chief said on Friday.
Yields on short-term Japanese government bonds were set for a weekly decline on Friday as expectations eased for any rapid interest rate increases by the central bank. The two-year yield, the one most sensitive to Bank of Japan policy rates, increased 1 basis point to 1.365%, but was set for its first five-day slide in a month.
* BOJ must take into account Japan's low real interest rate. * Ueda highlights robust corporate profits, fiscal stimulus effect. * Markets rule out April rate hike after Ueda drops no clear hints. By Leika Kihara.
Bank of Japan Governor Kazuo Ueda said on Thursday the central bank must take into account the fact that Japan's real interest rate is low, when deciding how soon to raise interest rates. Ueda made the comment in a news conference, after attending the International Monetary Fund meetings in Washington.
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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