All three major US stock indexes were down in late-morning trading Tuesday, as the 30-year Treasury yield hit its highest level in almost 19 years. The North Atlantic Treaty Organization is considering helping ships pass through the Strait of Hormuz if it doesn't get unblocked by early July, Bloomberg reported Tuesday, citing a senior official in the military alliance.
Canadian consumer prices rose 0.4% month over month non-seasonally adjusted in April, or 0.3% in seasonally adjusted terms, lifting the headline inflation rate to 2.8% year over year from 2.4% the prior month, said Bank of Montreal. The bump was driven by an 8.9% jump in gasoline prices, which the bank saw coming a mile away.
A Federal Reserve Bank of New York official responsible for implementing monetary policy on Tuesday said the central bank's current rate control toolkit would still work in a system allowing banks to hold fewer reserves. New York Fed System Open Market Account manager Roberto Perli also said the pace of future Treasury bill buying will be determined by market conditions.
* TSX down 0.1% * Canada's annual inflation at 2.8% in April. By Tharuniyaa Lakshmi. Canada's main stock index edged lower on Tuesday in choppy trade, weighed by high Treasury yields, while investors parsed fresh data that showed domestic inflation rose in April. At 10:39 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 0.1% at 33,795.69 points.
Canadian inflation accelerated sharply in April, though less than expected, driven primarily by higher gasoline prices and fading favorable energy base effects, said RBC after Tuesday's consumer price index. Headline CPI rose 0.3% month-over-month seasonally adjusted in April, lifting the annual rate to 2.8% from 2.4% in March, below market expectations, according to the bank.
* Indexes down: Dow 0.5%, S&P 500 0.6%, Nasdaq 0.8% * Akamai Technologies (AKAM) down after announcing senior notes offering. * Software stocks among top gainers. By Ragini Mathur and Utkarsh Hathi. Wall Street's main indexes fell on Tuesday, pressured by consumer discretionary stocks and renewed inflation worries as the 10-year Treasury yield climbed to its highest level in more than a year.
Brazil's central bank governor Gabriel Galipolo said on Tuesday that the country's heavy reliance on sovereign debt linked to the benchmark interest rate Selic weakens monetary policy transmission, as higher borrowing costs end up boosting disposable income for bondholders.
The headline consumer price index accelerated in April as gasoline prices surged, but the jump wasn't as high as expected and core measures of inflation remained muted, supporting the current wait-and-see stance of the Bank of Canada, said CIBC. Earlier Tuesday, Canada released April's CPI.
* Benchmark 10-year Treasury yields near a more than one-year high. * Brent crude oil prices hold above $110 a barrel. * Minutes of Fed's April policy meeting due on Wednesday. By Anjana Anil. Gold prices fell by more than 2% on Tuesday as a firmer U.S. dollar and persistent inflation fears kept interest rate hike expectations and Treasury yields high.
Headline prices rose just 0.4%, well below the 0.7% consensus forecast. After declining 0.1% in March, prices excluding food and energy were unchanged in April. The breadth of Canadian outsized price increases narrowed in April, with the share of consumer price index components rising faster than 3% year over year falling to 38% from 41%, said Desjardis after Tuesday's CPI.
A 17-year investigation argues modern financial and digital systems are built to extract value, not create it VANCOUVER, BC, May 19, 2026 A new 17-year forensic audit by Marpole.AI of the global economy is making a stark claim: the financial and digital?systems shaping modern life are not failing; they are functioning exactly?as designed.
Brazil's central bank governor Gabriel Galipolo said on Tuesday the economy is set to face two supply shocks - higher oil prices and the risk of a very strong El Nino - at a time of elevated inflation. Speaking at a Senate hearing, Galipolo said the average of core inflation measures is currently running at the same level as headline inflation, both above the official 3% target.
Chile's central bank warned that an abrupt tightening of global financing conditions - potentially triggered by an escalation of the Middle East conflict - represents the main risk to local financial stability.
The S&P 500 and the Nasdaq opened lower on Tuesday, pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise.
The S&P 500 and the Nasdaq opened lower on Tuesday, pressured by a selloff in heavyweight chip stocks and lingering inflation concerns as Treasury yields continued to rise.
Brazil's central bank will not provide forward guidance on monetary policy decisions amid uncertainty stemming from the Middle East conflict, monetary policy director Nilton David said on Tuesday.
As expected, higher oil prices lifted Canadian inflation in April, but TD Economics isn't yet seeing much of a knock-on effect to non-energy-related goods or services, noting core inflation pressures were actually softer than expected in April. There is little argument yet for Bank of Canada rate hikes here, and market pricing for rate hikes this year has come down a bit early Tuesday, TD noted.
PITTSBURGH, May 19, 2026 ?Kennametal Inc. (KMT) today announced that it has commenced an underwritten public offering of senior notes. The Tender Offer The Tender O?er Consideration for the 2028 Notes will be determined taking into account the par call date, instead of the maturity date, of such 2028 Notes in accordance with standard market practice.
Yields on U.S. Treasuries ticked higher in Tuesday morning trading after an earlier dip following an overnight pause in the Iran conflict and a decline in oil prices. The yield on the benchmark 10-year Treasury note was last up 4.2 basis point at 4.627%. It had climbed as high as 4.659% on Monday, which was its highest level in 15 months.
Canadian headline consumer price index accelerated in April as gasoline prices surged, but the jump wasn't as high as expected and core measures of inflation remained muted, supporting the current wait-and-see stance of the Bank of Canada, said CIBC. The 0.4% month-over-month non-seasonally adjusted increase was three ticks below the consensus forecast, noted the bank after Tuesday's data.
Yields on U.S. Treasuries ticked lower in early Tuesday trading after another overnight pause in the Iran conflict and a dip in oil prices. The yield on the benchmark 10-year Treasury note was last down less than a basis point at 4.617%. It had climbed as high as 4.659% on Monday, which was its highest level in 15 months.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $9 million offering from Burlington, N.J., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
The Canadian consumer price index increased 2.8% year over year in April on rising energy prices, up from an increase of 2.4% in March, said the country's statistical agency on Tuesday. But April's CPI was lower than a 3.1% year over year consensus figure provided by MUFG.
Brazil's central bank monetary policy director Nilton David said on Tuesday the bank is troubled by inflation expectations drifting further from its 3% target - particularly for 2028, a horizon expected to be less sensitive to current shocks.
Canadian housing starts climbed by 16.5% month over month in April to a four-month high of 279,300 annualized units and beat expectations of a 245,000 print following an upwardly revised 239,700 reading in March from 235,900 initially, said Rosenberg Research.
ROSELAND, N.J., May 19, 2026 ?For the four weeks ending May 2, 2026, U.S. private employers added an average of 42,250 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report. Hiring strengthened for the second week in a row. The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
The $762.4 million revenue bond deal will help finance a 750,000-square-foot arena to be named the Continental Coliseum, where the NBA's Thunder will play.
The U.S. Federal Reserve will avoid cutting interest rates this year, according to most economists polled by Reuters who largely pushed long-held calls for reductions into next year on hopes the current inflation flare-up is temporary.
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The Canadian consumer price index for April is released at 8:30 a.m. ET on Tuesday, said Scotiabank. The bank has estimated a 1% month-over-month non-seasonally adjusted rise, with consensus at 0.7% and with a range from 0.6-1.0%, but the consensus is somewhat "thin." There is a reasonable range from 0.5-1.0%, it added.
Canada's consumer price index on Tuesday is a potential "marker mover" for Canadian government bonds and USD/CAD, said Societe Generale. Canada is slated to release CPI for April at 8:30 a.m. ET on Tuesday. The pair stalled at the 50dma, the 200dma above is situated at 1.3812 if risk sentiment "sours," writes the bank in a note to clients.
* Investors focus on potential increases to U.S. interest rates. * Oil prices fall after Trump remarks lift peace hopes. * Yen returns to intervention zone close to 160. By Stefano Rebaudo.
Canada will publish the consumer price index for April at 8:30 a.m. ET on Tuesday, said Bank of Montreal. Energy prices continued to climb in April, building on the prior month's surge, amid ongoing transportation disruptions due to the war in Iran, noted the bank.
Euro zone bonds weakened on Tuesday, with yields just shy of multi-year highs hit the previous day when investors braced for a sustained period of high energy prices that could spill over into broader inflation and cause central bank rate hikes.
Incoming Federal Reserve Chair Kevin Warsh's suggestion that independence may not extend fully to the Fed's crisis-fighting role abroad has unsettled central banking peers, who fear any reduction in its global footprint could risk market stability.
Tuesday's release of Canada's April consumer price index at 8:30 a.m. ET should show a sharp rise in headline inflation, driven by food and gasoline prices, said ING. The consensus is looking for a 3.1% year-over-year print, while core measures should remain anchored around 2.2%-2.3% year over year, noted the bank.
U.S. Trade Representative Jamieson Greer will host a meeting of G20 trade ministers in Wisconsin from September 30 to October 1, his office said, with talks to focus on forced labor, updating the Most-Favored Nation principle and global overcapacity. President Donald Trump is scheduled to host the G20 leaders' summit in Miami on December 14-15 at Trump National Doral.
Wall Street's main indexes fell on Tuesday, pressured by consumer discretionary stocks and renewed inflation worries as the 10-year Treasury yield climbed to its highest level in more than a year.
It looks like the bond market is betting a Federal Reserve rate increase could be on the way -- but Fed members and economists mostly don't seem to think so.
* Trump says "good chance" of nuclear deal with Iran. * Traders see 38% chance of a US interest rate hike this year. * Minutes of Fed's April policy meeting due on Wednesday. By Noel John. Gold prices fell on Tuesday, hovering near a one-and-a-half-month low hit in the previous session, pressured by inflation fears and expectations of higher U.S. interest rates.
* Investors focus on chances of Fed rate hikes. * Oil drops after Trump remarks lift peace hopes. * Yen returns to intervention zone close to 160. By Stefano Rebaudo. The U.S. dollar rose on Tuesday as investors balanced cautious hopes for a Middle East peace deal against concerns that the Federal Reserve could raise rates to curb energy-driven inflation.
Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a "difficult boss," Standard Chartered CEO Bill Winters said on Tuesday, pointing to political pressure on Warsh to cut rates even as inflation remains high.
Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a "difficult boss," Standard Chartered CEO Bill Winters said on Tuesday, pointing to political pressure on Warsh to cut rates even as inflation remains high.
Granite Construction (GVA) priced $600 million worth of 6.375% senior notes due 2034, the company said Monday. Granite intends to use the net proceeds along with cash on hand to pay down other debt and for general corporate purposes, it said. MT Newswires does not provide investment advice.
Financial market turbulence could force the Bank of Japan to go slow on the unwinding of its massive debt holdings, giving anxious bond investors some relief as surging yields lay bare worsening fiscal strains and inflation pressures.
Euro zone bonds steadied on Tuesday, with yields just shy of multi-year highs hit the previous day when investors braced for a sustained period of high energy prices that could spill over into broader inflation and cause central bank rate hikes.
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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