US equity indexes traded mixed midday Monday, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process. The Nasdaq rose 0.2% to 26,302.1 after touching a record 26,339.78 intraday. Energy was the standout gainer, followed by materials and technology.
Munis should do "relatively well" this month, as investors will "focus on heavy summer redemptions; tax-exempt supply should remain healthy but is unlikely to overwhelm," said Barclays (BCS) strategists.
US existing home sales increased less than projected in April even as affordability continued to improve, data from the National Association of Realtors showed Monday. Sales edged up 0.2% sequentially to a seasonally adjusted annual rate of 4.02 million units last month.
Greystone, a leading national commercial real estate finance company, has provided a $16,050,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance Coventry Village, a 94-unit multifamily property located in Central Islip, New York. Constructed in 1975 and renovated in 2011, Coventry Village is a garden-style community comprised of 94 units across two residential buildings.
Euro zone yields rose on Monday after U.S. President Donald Trump swiftly rejected Iran's response to a U.S. peace proposal, driving up oil prices and bolstering expectations that inflation will force the European Central Bank to tighten policy.
The Bank of Canada is seen increasing its policy rate in March 2027, according to findings in its own Q1 Market Participants Survey released Monday. The MPS showed that a median of 28 financial participants expect the policy rate to rise by 25bps to 2.50% in March 2027.
* US CPI due on Tuesday. * Trump and China's Xi set for talks. * India's Modi urges pause on gold purchases. By Ashitha Shivaprasad. Gold prices reversed course to edge up on Monday in volatile trading, as investors assessed developments in U.S.-Iran diplomacy and awaited key U.S. inflation data due later this week.
Policymakers at the Bank of Canada have made clear that higher energy prices alone are unlikely to trigger action, unless oil prices remain elevated for a prolonged period and inflationary pressures broaden out, said Desjardins.
U.S. existing home sales rebounded less than expected in April, and could struggle to gain altitude as mortgage rates remain elevated and rising inflation squeezes household budgets. Prospective homeowners have largely been priced out, with the report from the National Association of Realtors on Monday showing listed houses were staying longer on the market relative to the same period last year.
It has been a "rough" winter in terms of Canadian existing home sales, and Scotiabank now awaits the figures for April, due out on Thursday, as they will provide an update and guide marking the beginning of the important Spring market. The next three to four months will inform whether a rebound in the housing market is in the works, said the bank.
* Elevated mortgage rates squeezing affordability, limiting sales growth. * Sales up in South and Midwest regions, down in West, flat in Northeast. * Inventory rises but stays below pre-pandemic levels; share of first-time buyers slips.
Existing-home sales increased by 0.2% month-over-month in April, according to the National Association of REALTORS??Existing-Home Sales report. Month-over-month sales increased in the Midwest and the South, were unchanged in the Northeast, and declined in the West.
The pace of US existing home sales increased by 0.2% to a 4.02 million seasonally adjusted annual rate in April from 4.01 million in March, below the expectations for a 4.05 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Monday showed. Total sales were unchanged from a year earlier.
Global investment firm Carlyle reported a decline in the value of one of its private credit funds in the first quarter, which it attributed to higher interest rates facing borrowers in its portfolio, the fund said Monday. Carlyle Secured Lending (CGBD) reported its net asset value per share declined to $15.89 at the end of March, which is roughly 2.3% lower than the previous quarter.
Par Pacific (PARR) said Monday its Par Petroleum unit plans to offer $500 million of senior unsecured notes due 2034 in a private placement. The company said Par Pacific (PARR) and certain subsidiaries are expected to guarantee the notes on a senior unsecured basis.
* Fed expected to hold rates as oil-driven inflation risks assessed. * April jobs data beats forecasts, reducing likelihood of near-term rate cuts. * Upcoming CPI and PPI data, plus $125 billion in Treasury auctions, in market focus. By Karen Brettell.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC ANNOUNCES RESULTS OF TENDER OFFER FOR CERTAIN STACR NOTES. * FREDDIE MAC - ABOUT $1.4 BILLION PRINCIPAL AMOUNT OF NOTES TENDERED AS OF MAY 8, 2026 Source text: Further company coverage:
Market Intelligence analyst Jeff Lipton distinguishes impairment from default in unenhanced conduit multifamily credits and explains how occupancy declines, covenant breaches and reserve draws can trigger severe price discovery long before a payment miss occurs.
Alphabet on Monday filed a preliminary prospectus supplement with the SEC for a multi-tranche yen-denominated bond offering targeting qualified institutional investors in Japan. The offering consists of five series of notes with varying maturities and interest rates, with all payments to be made in Japanese yen, as per the SEC filing.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated May 4, 2026 and related Notice of Guaranteed Delivery dated May 4, 2026.
Federal Home Loan Bank of Atlanta today announced a?$10 million commitment through its 2026 Multifamily Housing Development Fund to help complete multifamily and mixed-use affordable housing projects across the Southeast.
The Federal Home Loan Bank System today released its 2025 Impact Report, highlighting its continued role as a reliable source of liquidity for approximately 6,400 financial institutions and a key driver of housing affordability and economic development across the United States.
Rithm Capital (RITM) said Monday it plans to raise $500 million through a proposed offering of senior unsecured notes due 2031. Proceeds from the offering are expected to be used for general corporate purposes, including the potential repayment of existing debt, the company said. MT Newswires does not provide investment advice.
* US inflation data due this week. * Trump and China's Xi set for talks. * India's Modi urges pause on gold purchases. By Ashitha Shivaprasad. Gold prices fell on Monday as U.S. President Donald Trump's swift rejection of Iran's response to a peace proposal stoked inflation concerns and weighed on the outlook for interest rates. Spot gold was down 0.5% at $4,692.49 per ounce, as of 8:45 a.m. EDT.
The details of the Canadian Labour Force Survey for April that were released on Friday were weaker than the headline figure suggests, said Nomura. Jobs fell by 17,700 in April. A sharp decline in full-time jobs was only partly offset by an increase in part-time jobs, noted the bank. The unemployment rate edged higher to 6.9%, while Nomura expected 6.7%, as labor force growth outpaced job creation.
Rithm Capital Corp (RITM): * Rithm Capital Corp (RITM). ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES. * Rithm Capital Corp (RITM) - TO OFFER $500 MILLION SENIOR UNSECURED NOTES DUE 2031 Source text: Further company coverage:
Digital asset markets have become harder to follow in real time as expectations around interest rates, inflation data, central bank signals, and geopolitical events continue to shift.
Iren (IREN) said Monday it plans to issue $2 billion of convertible senior notes due 2033 in a private offering. The company said it also expects to grant initial purchasers an option to buy up to an additional $300 million of notes within 13 days of issuance. The company said it plans to use part of the proceeds to fund capped call transactions designed to reduce dilution from potential conversions.
Par Pacific Holdings, Inc. (PARR) announced today that, subject to market conditions, Par Petroleum, LLC, a wholly owned subsidiary of Par Pacific (PARR), intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, $500 million in aggregate principal amount of senior unsecured notes due 2034.
MIAMI BEACH, Fla. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects.
China's central bank will continue to implement an appropriately loose monetary policy, and strengthen financial support for expanding domestic demand and scientific and technological innovation, it said in a report released on Monday.
The US dollar rose against its major trading partners early Monday, except for a decline versus the Canadian dollar, with the focus this week on consumer price and retail sales data for April. Monday's schedule is light, with only existing home sales data for April at 10:00 am ET. April consumer price data are the highlight on Tuesday.
Phoenix Corporate Rating Upgraded to 'B+'Senior Unsecured Rating Upgraded to 'B+'and Secured Term Loan B Rating Upgraded to 'BB' DUBLIN and STAMFORD, Conn. Additionally, Fitch upgraded its rating of Phoenix's senior unsecured notes to 'B+' from 'B' with a recovery rating of 'RR4' and Phoenix's secured Term Loan B to 'BB' from 'BB-' with a recovery rating of 'RR2'.
Brazil central bank poll: * BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.91% IN 2026 VERSUS 4.89% IN PREVIOUS ESTIMATE - CENBANK POLL. * BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.00% IN 2027 VERSUS 4.00% IN PREVIOUS ESTIMATE - CENBANK POLL. * BRAZIL ECONOMISTS SEE YEAR-END 2026 INTEREST RATE SELIC AT 13.00% VERSUS 13.00% IN PREVIOUS ESTIMATE - CENBANK POLL.
IREN Limited (IREN) today announced its intention to offer, subject to market and other conditions, $2 billion aggregate principal amount of convertible senior notes due 2033 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
PLANO, Texas---- Tyler Technologies, Inc (TYL). today announced its intention to offer, subject to market and other conditions, $1,000,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be ?qualified institutional buyers? pursuant to Rule 144A under the Securities Act of 1933, as amended.
April's Labour Force Survey, released on Friday, provided a softer read on the Canadian economy, said TD. According to Statistics Canada, employment was little changed in April, declining by 18,000 versus expectations for a 10,000 gain, while the unemployment rate edged up to 6.9%. The labor force participation rate ticked up to 65.0%, contributing to the rise in unemployment.
US equity investors will look out for consumer price inflation as hopes diminish for a return to Iran peace talks and as quarterly earnings trickle down. * The CPI on Tuesday and producer prices on Wednesday will reveal estimates for the Federal Reserve's preferred personal consumption expenditures, or PCE, inflation gauge on May 28, Scotiabank said in a note late Friday.
Private-sector members of Japan's key economic advisory panel urged the Bank of Japan on Monday to be cautious about the risk of funding strains on smaller firms from prolonged tensions in the Middle East.
* Prolonged supply disruptions could boost funding needs at smaller firms. * Contracts for bank commitment lines post biggest jump since 2020 pandemic, BOJ data shows. * Higher borrowing costs could help lift yen but squeeze funding conditions. By Makiko Yamazaki.
At the invitation of Chinese President Xi Jinping, US President Donald Trump will pay a state visit to China from May 13 to 15, the Chinese Foreign Ministry announced on Monday.
Greek industrial output rose by 8.3% year-on-year in March, after an upwardly revised 2.3% increase in February, data from statistics service ELSTAT showed on Monday. A breakdown of index components showed manufacturing production rose 5.5% from the same month in 2025.
* Trump calls Iran's response to US peace proposal 'unacceptable' * Brent crude oil rises above $103 a barrel. * Trump, Xi to discuss Iran among other topics later this week. * U.S. April CPI data due on Tuesday. By Noel John.
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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