Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF declined 0.7%. Bitcoin fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%. In economic n...
* Cleveland Fed chief says policy stance should stay neutral due to uncertainty. * Hammack voices concern about 'inflationary mindset' becoming entrenched among businesses, consumers. * Hammack dissented against Fed keeping language implying next move would be a rate cut. By Michael S. Derby.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index dropped 1.4%, and the State Street Real Estate Select Sector SPDR ETF declined 0.7%. Bitcoin fell 1.8% to $79,934, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.39%. In corporate ...
The Bank of Mexico cut its benchmark interest rate in a split decision on Thursday and said it was ending an over two-year-long easing cycle as it balances concerns over above-target inflation with pressure to revive Mexico's slowing economy.
Company Offers Competitive Interest Rates, No Origination Fees, and Multiple Repayment Options Ahead of Changes to Federal Student Loan Program Expanded Access to Graduate and Law Loans Follow Recent Enhancements to Medical School and Dental School Financing Options NEWARK, Del.
The Bank of Mexico on Thursday cut its benchmark interest rate by 25 basis points to 6.50%, noting that the decision concludes a rate easing cycle that began in 2024.
Argentina's industrial output grew 5.0% in March compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Thursday. March industrial output in South America's second-largest economy rose after eight consecutive months of declines, according to the INDEC data.
European Central Bank board member Isabel Schnabel said on Thursday that there appeared to be a disconnect between record stock market valuations and the risks facing the global economy. "There really seems to be a kind of disconnect," she said at an event at the London School of Economics.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that she hears concerns from businesses that an inflationary mindset is starting to become entrenched and needs to keep an open mind about the Fed's next policy move.
US nonfarm payrolls are expected to rise by only 65,000 in April after a 178,000-jobs gain in March, based on a survey compiled by Bloomberg, while the unemployment rate is expected to remain at 4.3%. The April employment report is due to be released at 8:30 am ET Friday.
* Yields climb as oil rebounds after WSJ report. * Fed officials say inflation risks may delay rate cuts. * Initial jobless claims rise, but below expectations. By Chuck Mikolajczak.
HAMILTON, Bermuda, May 7, 2026 Paratus Energy Services Ltd. (PLSVF) hereby gives notice to all holders of the Senior Secured Notes due 2026 governed by that Amended and Restated Indenture, dated as of January 20, 2022; that further to the Company's successful completion of a private placement of USD 250,000,000 five year senior secured bonds due 2031 the Company has today commenced the process of redee...
European Central Bank board member Isabel Schnabel said on Thursday that there appeared to be a disconnect between record stock market valuations and the risks facing the global economy. "There really seems to be a kind of disconnect," she said at an event at the London School of Economics.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index down 0.8% and the State Street Financial Select Sector SPDR ETF shedding around 0.7%. The Philadelphia Housing Index dropped 1.5%, and the State Street Real Estate Select Sector SPDR ETF declined 1%. Bitcoin fell 2% to $79,831, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.378%. In economic ne...
FEMA reform has stopped and started on Capitol Hill as local governments welcome a rule requiring the agency to build a dashboard to track the flow of disaster recovery funds.
* Canadian dollar touches a one-week low at 1.3645. * Price of oil increases 0.7% * Bond yields rise across the curve. By Fergal Smith. The Canadian dollar steadied near a one-week low against its U.S. counterpart on Thursday as investors awaited domestic jobs data that could guide expectations for interest rate hikes by the Bank of Canada.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding 0.5%. The Philadelphia Housing Index dropped 1.1%, and the State Street Real Estate Select Sector SPDR ETF declined 0.5%. Bitcoin fell 2% to $79,831, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.378%. In corporate news, JPMor...
The rating agency cited an improving governance profile, which incorporates a trend of budgetary reserve fund maintenance and increasing pension contributions.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.37%. ?The 30-year fixed-rate mortgage averaged 6.37% this week,? said Sam Khater, Freddie Mac?s Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Federal Reserve Bank of Cleveland President Beth Hammack said in a radio interview on Thursday she expects the central bank to hold interest rates steady well into the future as it navigates a climate of considerable uncertainty.
Consumer expectations for one-year US inflation growth accelerated to a 3.6% gain in April from a 3.4% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Thursday. The median inflation expectations remained at a 3.1% gain for the three-year period and remained at a 3.0% gain for five years ahead for the eight consecutive month.
HAMILTON, Bermuda, May 7, 2026 Paratus Energy Services Ltd. (PLSVF) refers to the announcement made on 4 May 2026 regarding fixed income meetings regarding a potential new issuance of bonds. The bond issue attracted strong demand from investors globally and was significantly oversubscribed.
Americans were unworried at the prospect of a broader inflation breakout in April despite rising price pressures driven by war in the Middle East, a survey released by the Federal Reserve Bank of New York said on Thursday. Respondents to a survey from the bank said that as of last month, they expected to see inflation a year from now at 3.6%, a modest rise from the 3.4% seen in March.
U.S. construction spending rebounded in March, boosted by a surge in single-family homebuilding, but higher mortgage rates could limit further gains. The Commerce Department's Census Bureau said on Thursday that construction spending rose 0.6% after falling 0.2% in February. Construction spending advanced 1.6% on a year-over-year basis in March.
Federal Reserve Bank of Cleveland President Beth Hammack reiterated on Thursday that risks of higher inflation in the future argued against the U.S. central bank holding on to its policy leaning toward cutting rates at some point in the future. Hammack dissented at the most recent Fed meeting about the ongoing inclusion of language implying the Fed's next move would be a rate cut.
* Weekly jobless claims increase 10,000 to 200,000. * Continuing claims decrease to lowest level since January 2024. By Lucia Mutikani. The number of Americans filing claims for unemployment benefits rose moderately last week amid low layoffs, underscoring labor market stability and strengthening financial market expectations that the Federal Reserve will not cut interest rates this year.
US construction spending rose by 0.6% in March, compared with a 0.2% increase expected in a survey compiled by Bloomberg and following a 0.2% decrease in February.
"MSRB's strategic plan was shaped by the many conversations we've had with stakeholders from across the municipal securities market," MSRB CEO Mark Kim said.
Asset manager BlackRock cut the value of its private credit fund BlackRock TCP Capital Corp (TCPC) in the first quarter, it said Thursday. BlackRock TCP Capital Corp's (TCPC) net asset value per share dropped roughly 5% at fair value to $6.72 in the first quarter, according to its earnings disclosure.
Parex Resources (PARXF) will issue US$500 million aggregate principal amount of senior unsecured notes due 2031 in a private placement offering, it said Thursday. The notes were priced at par and will bear interest at a rate of 8.50% per annum and mature on May 11, 2031.
Asset manager Blackstone cut the value of its private credit fund Blackstone Secured Lending Fund (BXSL) in the first quarter, it said on Thursday. ??? Blackstone Secured Lending Fund's (BXSL) net asset value per share dropped 2.4% to $26.26 in the first quarter at fair value, according to its earnings disclosure.
Asset manager Blackstone cut the value of its private credit fund Blackstone Secured Lending
Fund (BXSL) in the first quarter, it said Thursday. Blackstone Secured Lending Fund's (BXSL) net asset value per share dropped 2.4% to $26.26 in the first quarter at fair value, according to its earnings disclosure.
Industrial production in Brazil slowed in March from February, but still exceeded market expectations, government statistics agency IBGE said on Thursday. * Production rose 0.1% in the period, up for the third consecutive month but slowing from February's 0.9% increase. * The median estimate in a Reuters poll projected a 0.2% drop.
Federal Home Loan Bank of Atlanta, Atlantic Union Bank, and Jubilee Housing are pleased to celebrate the groundbreaking?for six affordable multifamily rental developments in Washington, D.C.
SLM Corp (SLM): * SLM CORPORATION PRICES PUBLIC OFFERING OF SENIOR NOTES. * SALLIE MAE - PRICES $500 MILLION 6.495% SENIOR NOTES DUE 2032 AT PAR. * SALLIE MAE - INTENDS TO USE PROCEEDS TO PURCHASE UP TO $500 MILLION 3.125% NOTES DUE 2026 Source text: Further company coverage:
Policymakers at Chile's central bank considered the option of raising interest rates at their April meeting amid global uncertainty stemming from the U.S.-Israeli war on Iran, the meeting minutes showed on Thursday.
With central banks soaking up record tonnage and global mine output peaking, the developers already permitted, financed, and turning drill rigs are being repriced fast ? and one of them just sent crews to site this week. Equity-Insider.com News Commentary ? Central bank buying has rewired the gold market, and most investors haven't caught up.
Sallie Mae?, formally SLM Corporation (SLM), announced that it priced its public offering of $500 million aggregate principal amount of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 at par. J.P. Morgan Securities LLC and Barclays Capital Inc. are acting as joint book-running managers.
US initial jobless claims rose to a level of 200,000 in the week ended May 2 from an upwardly revised 190,000 level in the previous week, compared with expectations for a larger increase to 205,000 in survey of analysts compiled by Bloomberg. The four-week moving average fell by 4,500 to 203,250 after decreasing by 3,250 to a level of 207,750 in the previous week.
The number of Americans filing claims for unemployment benefits rose moderately last week amid low layoffs, underscoring labor market stability and strengthening financial market expectations that the Federal Reserve will not cut interest rates this year.
The number of Americans filing claims for unemployment benefits increased less than expected last week amid low layoffs that are helping to anchor the labor market. Initial claims for state unemployment benefits rose 10,000. to a seasonally adjusted 200,000 for the week ended May 2, the Labor Department said on Thursday.
Industrial production in Brazil rose 0.1% in March from February, government statistics agency IBGE said on Thursday, beating the median estimate in a Reuters poll which projected a decrease of 0.2%. Output was up 4.3% year-on-year in March, IBGE added.
Parex Resources Inc (PARXF): * PAREX RESOURCES ANNOUNCES PRIVATE OFFERING OF US$500 MILLION SENIOR NOTES. * Parex Resources Inc (PARXF) - TO ISSUE US$500 MILLION SENIOR UNSECURED NOTES DUE 2031. * Parex Resources Inc (PARXF) - NET PROCEEDS TO BE HELD IN ESCROW PENDING FRONTERA DEAL COMPLETION Source text: Further company coverage:
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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