* Equities rally but S&P 500, Nasdaq fall for the week. * Greenback dips as risk assets catch a bid. * Cryptocurrencies, precious metals rebound after steep losses. * Oil settled higher as US-Iran talks get under way. By Sin?ad Carew and Sophie Kiderlin.
Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking the U.S. central bank's balance sheet.
Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking the U.S. central bank's balance sheet.
Issuance was $34.308 billion in 471 issues, down 7.2% year-over-year from $36.982 billion across 536 transactions in 2025. However, this was the third-highest monthly figure for January and above the month's 10-year average of $29.699 billion
KBRA assigns preliminary ratings to 58 classes from Connecticut Avenue Securities Trust 2026-R01, a credit risk sharing transaction with a total note offering of $661,674,000. The Reference Pool consists of 52,876 residential mortgage loans with an outstanding principal balance of approximately $18.8 billion as of the cut-off date.
* Trump picks former Fed official Warsh to run Fed. * Jerome Powell's term as chair ends in May. * Dollar gains on the day, US stocks edge lower as markets react. By Lewis Krauskopf, Dhara Ranasinghe and Tom Westbrook.
The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about the central bank's likely next chair, but leaves investors weighing how the former Fed governor's past hawkish leanings will mesh with President Donald Trump's insistence on far lower interest rates.
Greystone, a leading national commercial real estate finance company, announced it has provided a $49,207,000 Fannie Mae DUS? loan to refinance a 150-unit multifamily community located in Norwalk, Connecticut. Built in 2024 in Fairfield County, SoNo Central is a six-story apartment complex featuring studio, one-, and two-bedroom units, and 12 commercial units.
Synchrony Financial's (SYF) fourth-quarter interest income missed estimates on Tuesday, as CEO Brian Doubles warned that a proposed U.S. cap on credit-card interest rates would ?force issuers to pull back on lending, hitting lower-income consumers hardest.
Munis were the best-performing U.S. fixed-income asset class through the first three weeks of January, but the strong performance has created some problems, Barclays (BCS) strategists said.
Current events and financial developments outside of the muni sector mean that investors should hold off buying munis until rates correct, said Matt Fabian, president of Municipal Market Analytics.
* Japanese bonds rally, underpin Treasuries. * Trump says US won't use force on Greenland. * Investors focus on US 20-year auction. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields edged lower on Wednesday, pulling back from multi-month highs reached in the previous session after a steep selloff, as a recovery in Japanese government bonds helped steady global fixed-income markets.
* JPMorgan Chase (JPM) beats estimates for Q4 profit. * Delta Air profit forecast disappoints. * December CPI rises 2.7% YoY. By Caroline Valetkevitch. U.S. stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan (JPM) executives added to ?worries about U.S. President Donald Trump's recent proposal for a cap on credit-card rates.
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.
Log In Required
Publication Date