Yields on longer-dated Treasury notes climbed to their highest levels in over a year in overnight trading amid a global market selloff in longer-dated bonds driven by war-related inflation concerns. The yield on the benchmark 10-year Treasury note climbed to 4.631% in overnight trading, its highest level since February 2025.
By Jamie McGeever. Accelerating inflation in the U.S. and beyond is leaving the Federal Reserve and other central banks with an acute problem - negative real interest rates. Unexpectedly strong U.S. inflation data last week pushed the real, inflation-adjusted fed funds rate below zero for the first time in three years.
NEW YORK, May 18, 2026 ?S&P Global Inc. (SPGI), today announced the commencement of a private offering of $2,000,000,000 aggregate principal amount of senior notes due 2029, senior notes due 2031 and senior notes due 2036 by Mobility Global Inc.. The Issuer is a recently formed holding company for S&P Global's Mobility division, which S&P Global (SPGI) intends to separate from its current business by means o...
Partnership transforms elite collegiate gamers into high-precision remote operators to bridge the global skills gap and drive industrial productivity through Physical AI.
Chile's economy contracted 0.3% in the first quarter from the previous three-month period, central bank data showed on Monday, while economists in a Reuters poll had predicted a 0.2% decrease. On an annual basis, gross domestic product declined 0.5% in the period, missing expectations of 0.1% growth.
Brazil's economic activity grew 1.3% in the first quarter from the previous three months, central bank data showed on Monday, following a sharper-than-expected contraction in March. The IBC-Br index, a proxy for gross domestic product, fell 0.7% in March from February on a seasonally adjusted basis, compared with a 0.2% drop expected in a Reuters poll.
Teva Pharmaceutical Industries Ltd. today announced that Fitch Ratings Agency has raised the Company's corporate credit rating to Investment Grade BBB-, with a stable outlook, from BB+. ?This strong endorsement, our third upgrade from Fitch in less than two years, underscores Teva?s transformation journey and execution of its Pivot to Growth strategy, as well as shows confidence in our increasi...
The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands - from ageing populations to climate change and defence - add to the pressure. With no end in sight to the conflict, the pressure is building as traders bet on central bank rate hikes and long-term borrowing costs march higher.
Economic activity in Brazil fell by a seasonally adjusted 0.7% in March from the previous month, according to a central bank index on Monday, a steeper drop than the 0.2% contraction expected by economists polled by Reuters. The IBC-Br index, a proxy for gross domestic product, expanded by 1.3% in the first quarter.
Hims & Hers Health (HIMS) plans a $300 million private offering of convertible senior notes due June 1, 2032, the company said Monday. The company expects to grant initial buyers an option to purchase up to an additional $45 million of notes.
* Futures down: Dow 0.7%, S&P 500 0.4%, Nasdaq 0.4% * Dominon Energy rises on report of NextEra talks. * UnitedHealth (UNH) slips after Berkshire Hathaway (BRK/A) sells stake. By Ragini Mathur and Utkarsh Hathi. U.S. stock index futures edged lower on Monday as rising Treasury yields and oil prices weighed, while investors awaited key earnings from Nvidia (NVDA) and Walmart (WMT) later in the week.
The pace of New York budget negotiations appears to be accelerating, six weeks into the fiscal year, but announcements so far have been light on fiscal policy.
The US dollar fell against its major trading partners early Monday, except for a gain versus the yen, with the focus this week on minutes of the April 28-29 Federal Open Market Committee meeting to be released on Wednesday.
Euro zone bond yields rose on Monday amid a broader global bond selloff, with investors worried that higher energy prices amid the Middle East conflict could fuel inflation and prompt further interest rate hikes.
US equity investors will remain focused on President Donald Trump's attempts to force Iran to reopen the Strait of Hormuz as the 30-year Treasury yield traded at a 28-year high amid inflation concerns and Nvidia's (NVDA) quarterly results.
GMR Solutions Inc. (GMRS) and its wholly owned subsidiary Global Medical Response, Inc. welcome recent rating actions from both Moody?s Ratings and S&P Global Ratings, reflecting the company?s strengthened financial profile following its successful IPO and significant debt reduction.
* Central bank seeks 30% offtake in dore form for improved traceability, official. * Miners concerned over proposed discount, citing unclear terms. * GoldBod designated gatekeeper for gold exports under revamped programme. By Maxwell Akalaare Adombila.
U.S. stock indexes were on track for a higher open on Monday as heavyweight semiconductor stocks recovered, while a bond market rout that had sparked a selloff the previous week appeared to cool. The 10-year Treasury yield, the benchmark for global borrowing costs, fell to 4.573%, having climbed as much as 4.631% to its highest level since February 2025 earlier in the session.
* Futures down: Dow 0.6%, S&P 500 0.3%, Nasdaq 0.09% U.S. stock index futures edged lower on Monday as rising Treasury yields and oil prices weighed on equity markets, while investors awaited key earnings from Nvidia (NVDA) and Walmart (WMT) later in the week.
After eight years of friction with the White House, a global pandemic, and a fight with high inflation, the U.S. Federal Reserve begins a new era with former governor Kevin Warsh soon to be sworn in as chair. It will be a new era for President Donald Trump as well. In 2016, Powell was only a few months into his first term when Trump began berating him, annoyed at the Fed's interest-rate hikes.
* Warsh inherits high inflation, above Fed's 2% target, with pressure to address price stability. * Unemployment remains low at 4.3%, but debate continues over labor market strength and risks. * Warsh expected to consider shrinking Fed balance sheet, facing complex policy and market challenges. By Howard Schneider.
Starbucks (SBUX) said late Friday that it has raised the cap on the maximum amount it will repurchase after investors tendered about $2.6 billion of notes by the early deadline, exceeding its original repurchase capacity. The company said it increased its total acceptance cap to $1.3 billion, including $600 million for one pool of notes and $700 million for another.
* US 10-year Treasury yields rise to their highest since February 2025. * Brent rises above $110/bbl on fresh Middle East tensions. * Traders see 40% chance of a US interest rate hike in December. By Noel John.
Syria will take part in a closed-door session with G7 finance ministers and central bank governors in Paris on Monday, a person familiar with the matter said, in a sign of its growing status less than two years after the ousting of Bashar al-Assad.
Eni said Monday it plans to issue new fixed-rate bonds with five-year and nine-year maturities under its existing euro medium term note program. The company said the bonds are intended for institutional investors and will be used to help maintain a balanced financial structure, with proceeds earmarked for general corporate purposes.
Led by broad increases across the services sector, the U.K. economy expanded in March, according to data from CoStar (CSGP), a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia.
U.S. President Donald Trump conceded in an interview with Fortune magazine published on Monday that he may have to wait until the war with Iran was over for more interest rate cuts. "You can't really look at the figures until the war is over," he said.
zerohash europe B.V., the European subsidiary of zerohash, the leading infrastructure provider for crypto, stablecoin, and tokenized assets, has received an Electronic Money Institution license from De Nederlandsche Bank, the Dutch Central Bank. zerohash has been successfully serving customers and operating across the European Economic Area under its MiCAR license, which it received in October ...
* Finance ministers and central bankers to discuss inflation, volatility. * France puts deep-seated global economic imbalances on the agenda. * Lescure says G7 offers opportunity for frank dialogue. * Meeting follows US-China summit that yielded few economic breakthroughs. By Leigh Thomas, David Lawder and Makiko Yamazaki.
Uganda's President Yoweri Museveni has signed into law a contentious measure that he says aims to curb foreign influence in the country despite heavy criticism from quarters such as the central bank, warning it could trigger "economic disaster".
* U.S. Treasury yields hit one-year peaks; JGB yields scale record highs. * Renewed tensions in Middle East keep investors worried about inflation, growth risks. * Japan likely to issue fresh debt to deal with impact from Iran war. * Investors ramp up bets of global rate hikes. * British gilts unusual outperformer on Monday. By Alun John and Rae Wee.
* Companies face higher costs, supply disruptions, and operational changes. * Airlines, automakers, and other companies warn of profit hits. * Extra costs not yet showing up in earnings, analysts say. * Europe and Asia most affected by oil-price surge. By Medha Singh, Deborah Mary Sophia and Bernadette Hogg.
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
* Tier-one cities see price rise, smaller cities and developers struggle. * Government incentives, state-backed purchases aim to stabilise market. By Liangping Gao, Yukun Zhang and Ryan Woo.
China's growth lost momentum in April, with industrial output cooling and retail sales sinking to over three-year lows as the world's second-biggest economy wrestled with higher energy costs from the Iran war and persistently weak domestic demand.
* China's April industrial output growth slowest since July 2023. * Consumer demand stays weak, as retail sales rise just 0.2% * Beijing unlikely to add immediate stimulus, economist says. * Trump visit to China eases trade tensions but produces few surprises.
China's industrial output grew 4.1% in April from a year earlier, slowing from the 5.7% pace in March, official data showed on Monday. The data released by the National Bureau of Statistics missed expectations for a 5.9% increase in a Reuters poll.
China's new home prices extended their decline in April, but fell at the slowest monthly pace in a year, official data showed on Monday, offering an early sign of improvement even as housing demand remained subdued despite efforts by cities across the country to boost sales and shore up sentiment.
Gold prices fell on Monday to their
lowest point in more than a month, as Middle East tensions
pushed oil prices higher, fuelling inflation fears and
reinforcing expectations of higher-for-longer ...
Japanese government bond yields surged on Monday, with the benchmark 10-year yield reaching levels last seen in October 1996, extending a global debt selloff as pressure mounts on central banks to raise rates to contain inflation. The yield on the 10-year JGB climbed 7.5 basis points to 2.775%, after earlier touching an intraday high of 2.800%, a level last seen in October 1996.
G7 finance ministers gathering in Paris on Monday will try to find common ground on tackling global economic tensions and coordinating critical raw material supplies, even as geopolitical differences threaten to test the group's cohesion.
Gold price continued its downward trend and is about to flash a death cross pattern as inflation jumps and top ETF outflows continued. American investors are dumping their gold ETF assets. These outflows have increased as odds that the Federal Reserve will cut interest rates ease.
The iShares 20+ Year Treasury Bond ETF stock price crashed to its lowest level since November 2023 as US bond yields surged after the strong consumer and producer inflation numbers. ETFs tracking long-term government bonds continued their strong downward momentum last week as concerns about the US economy rose.
The Federal Reserve Board on Friday said it has named Jerome Powell as chair pro tempore until Kevin Warsh is sworn in as the new head of the U.S. central bank. * Warsh is expected to be sworn in soon by U.S. President Donald Trump but no date has been announced. * Powell's eight-year run as Fed leader formally expired on Friday.
The Federal Reserve Board on Friday said it has named Jerome Powell as chair pro tempore until Kevin Warsh is sworn in as the new head of the U.S. central bank. -- Warsh is expected to be sworn in soon by U.S. President Donald Trump but no date has been announced. -- Powell's eight-year run as Fed leader formally expired on Friday.
Fitch Ratings has changed its ratings outlook to negative for Goldman Sachs' private credit fund, Goldman Sachs BDC, the ratings agency said on Friday. In its post-market close announcement, Fitch maintained its current lower-investment grade rating of Goldman Sachs BDC but could downgrade the fund if it doesn't increase its asset cushion.
* Fund had a rise in loans that are behind on payments. * Goldman Sachs BDC (GSBD) says problems concentrated in loans made by prior management. * GS says fund represents 1.5% of the firm's overall private credit assets under management. By Matt Tracy. Fitch Ratings has changed its ratings outlook to negative for Goldman Sachs' (GS) private credit fund, Goldman Sachs BDC (GSBD), the ratings agency said on Friday.
The Federal Reserve Board on Friday said it has named Jerome Powell as chair pro tempore until Kevin Warsh is sworn in as the new head of the U.S. central bank.
The Federal Reserve Board on Friday said it has named Jerome Powell as chair pro tempore until Kevin Warsh is sworn in as the new head of the U.S. central bank.
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yields higher. The Nasdaq tumbled 1.5% to 26,225.1, while the S&P 500 dropped 1.2% to 7,408.5. The Dow Jones Industrial Average lost 1.1% to 49,526.2. Barring energy, all sectors ended in the red, led by materials' 2.7% slump.
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