* Trump again says the war with Iran would end "very quickly" * Investors see 48.6% chance the Fed could raise rates in December. * Minutes from the Fed's April FOMC meeting due later today. By Anjana Anil.
The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's (NVDA) quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields.
The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's (NVDA) quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields.
Molson Coors Beverage (TAP/A) said Wednesday that it has commenced an underwritten public offering of US dollar-denominated senior notes. The brewing company expects the offering to close on or about May 27, subject to customary closing conditions. Molson Coors (TAP/A) said it intends to use the net proceeds for general corporate purposes, including repayment of the $2 billion 3% senior notes due 2026.
Canadian inflation edged higher again in April, as the annual increase in prices climbed from 2.4% in March to 2.8%, but the increase was well below economists' consensus forecast of 3.1%, noted National Bank of Canada.
Gold prices fell for a third-straight session early Wednesday even as treasury yields eased and the dollar steadied. The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation.
South Africa's rand, stocks and government bonds firmed on Wednesday after data showed April inflation accelerated sharply, raising expectations that the central bank could hike interest rates at its monetary policy meeting next week. * At 1300 GMT, the rand traded at 16.5950 against the dollar, up about 0.7% from its previous close.
Molson Coors Beverage Company (TAP/A) announced today that it has commenced an underwritten public offering of U.S. dollar-denominated senior notes. Molson Coors (TAP/A) intends to use the net proceeds of the Offering for general corporate purposes, including the repayment of the $2.0 billion 3.00% Senior Notes due 2026.
Government of Canada two-year bonds have "richened" on a cross-border basis to the tune of 14 bps versus United States Treasuries since the start of this month, with the bulk of that. outperformance stemming from Tuesday's roughly 10 bps move, said National Bank of Canada. Early Wednesday, the GoC-UST two-year differential is opening slightly richer at -109 bps, added the bank.
* Treasury yields steady near highs hit overnight. * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices still elevated; yen hovers around 159 per dollar. * Softer British inflation sends gilt yields lower. By Alun John and Stella Qiu.
Canadian headline consumer price index rose to 2.8% year over year in April from 2.4% in March, largely reflecting surging energy prices, said Nomura after Tuesday's CPI. Core inflation continued to cool with the Bank of Canada's preferred core measures averaging 2.1% year over year, the lowest since January 2021, noted Nomura.
* Investors pricing in higher rates in the face of rising inflation. * No end in sight for more than two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee and Harry Robertson.
* US Vice President Vance says lots of progress made in US-Iran talks. * Minutes from Fed's April policy meeting due at 1800 GMT. * Traders see 40% chance of US rate hike in December. By Noel John. Spot gold prices ticked up on Wednesday as U.S. Treasury yields slipped with hopes of a potential resolution to the U.S.-Iran conflict easing some inflation concerns.
Canada's sixth-largest bank selects Sardine's agentic risk platform after extensive evaluations Sardine, the leading agentic risk platform for fighting financial crime, today announced a multi-year partnership with National Bank of Canada (NTIOF), one of Canada?s largest financial institutions serving approximately 2.7 million clients globally.
Upgrades Driven by Strong Financial Performance and Positioning in Global Aerospace Engine MRO Market StandardAero, Inc. (SARO), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul and engine component repair, announced today that Moody?s Ratings recently upgraded the Company?s ratings based on its consistent positive earn...
* Futures up: Dow 0.2%, S&P 500 0.4%, Nasdaq 0.7% * Target (TGT) up after lifting forecast. * Nvidia (NVDA) to report earnings after markets close. By Ragini Mathur and Utkarsh Hathi. U.S. stock index futures edged higher on Wednesday as chip stocks steadied ahead of Nvidia's (NVDA) earnings report, which investors view as a crucial test of AI demand amid concerns about elevated Treasury yields.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the yen, as markets look ahead to the minutes of the April 28-29 Federal Open Market Committee meeting to be released at 2:00 pm ET. Before that, Federal Reserve Governor Michael Barr is due to speak at 9:15 am ET, followed by weekly petroleum stocks data at 10:30 am ET.
Artificial intelligence is very soon going to allow treasury departments to spend vastly less time on routine work and more on stategy, thereby lowering borrowing costs.
The rate on the most popular U.S. home loan rose last week to its highest in seven weeks, as concerns about inflation from higher oil prices and an uncertain outlook for the Iran war pushed benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage jumped 10 basis points to 6.56% for the week ended May 15, the Mortgage Bankers Association said on Wednesday.
The rate on the most popular U.S. home loan rose last week to its highest in seven weeks, as concerns about inflation from higher oil prices and an uncertain outlook for the Iran war pushed benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage jumped 10 basis points to 6.56% for the week ended May 15, the Mortgage Bankers Association said on Wednesday.
Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: United States Treasury yields remain close to the highs in the late New York session, front-end slightly better supported in Asia. Fed: Federal Reserve Bank of Philadelphia President Anna Paulson says rate cuts require progress on inflation.
Fixes dateline to May 20. * Two new EX30 battery fires prompt Thai watchdog to weigh civil action. * Volvo faces complaints as customers await battery fixes after global recall. * Repair timelines vary, with some markets waiting until late-2026 for replacements. By Chayut Setboonsarng and Marie Mannes.
Sustained upward pressure on oil prices appears to be the sole focus of bond markets, said Bank of Montreal. Even the friendliest reading on core inflation in about five years couldn't halt the rout in Government of Canada bonds, noted the bank. Meanwhile, 30-year United States Treasury yields have rocketed to nearly 5.2%, the highest since June 2007, pointed out the BMO.
The depth of the differences among Federal Reserve policymakers' views on the direction of interest rates and severity of inflation will be on view on Wednesday with the release of a readout of the most divided meeting in a generation, one that also marked the end of Chair Jerome Powell's leadership tenure.
Wall Street was poised to open higher on Wednesday, led by a rebound in chip stocks ahead of Nvidia's (NVDA) quarterly earnings, which investors view as a crucial test of AI demand amid concerns about elevated Treasury yields.
* Futures up: Dow 0.1%, S&P 500 0.3%, Nasdaq 0.6% U.S. stock index futures edged higher on Wednesday as chip stocks steadied ahead of Nvidia's (NVDA) earnings, which investors view as a crucial test of AI demand amid concerns about elevated Treasury yields.
Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt that often draws extra investor interest in hot markets because it can convert into equity.
Avista Corp (AVA): * Avista Corp (AVA) - ON MAY 14, ISSUED $90 MILLION OF 4.77% BONDS DUE 2029 AND $70 MILLION OF 6.10% BONDS DUE 2056 - SEC FILING. * Avista Corp (AVA) - EXPECTS TO ISSUE ADDITIONAL $70 MILLION OF 6.10% BONDS IN AUGUST 2026 - SEC FILING Source text: Further company coverage:
* AI-linked firms drive surge in convertible bond issuance. * High rates, equity volatility boost appeal of convertibles. * Hedge funds, asset managers seek upside, even from riskier issuers. By Chibuike Oguh.
* Fed policymakers split over inflation risks and future rate cuts. * April meeting saw four dissents, most since 1992, over policy direction. * Market and economist expectations shift toward no rate cuts, some see possible hikes. By Dan Burns.
* US Vice President Vance says lots of progress made in US-Iran talks. * Minutes from Fed's April policy meeting due at 1800 GMT. * US 10-year Treasury yields at an over one-year high. * Traders see 40% chance of US rate hike in December. By Noel John.
* Treasury yields steady near new highs hit overnight. * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices still elevated; yen hovers around 159 per dollar. * Softer British inflation sends gilt yields lower. By Alun John and Stella Qiu.
Akamai Technologies (AKAM) priced a private offering of $1.5 billion of 0% convertible senior unsecured notes due May 15, 2030, and $1.5 billion of 0% convertible senior unsecured notes due May 15, 2032, the company said late Tuesday. The sale was upsized from a previous planned $1.3 billion in each case.
Elbit Systems' (ESLT) long-term rating has been upgraded by S&P Global Ratings Maalot to "ilAAA," with a stable outlook, the company said Wednesday. The ratings agency cited the company's improving financial ratios, operating performance, and robust backlog amid increasing defense budgets, Elbit Systems (ESLT) said. Shares of Elbit Systems (ESLT) were nearly 2% higher premarket Wednesday.
Redwood Trust (RWT) priced a public offering of $125 million of 9.75% senior unsecured notes due June 1, 2031, the company said late Tuesday. Underwriters have a 30-day overallotment option to purchase up to an additional $18.8 million of notes. The company expects the offering to close May 27 and plans to use the net proceeds for general corporate purposes.
?. Australia and New Zealand Banking Group. Issue of EUR 1,500,000,000.00. Floating Rate Senior Unsecured Notes due May 2027. Series no 2123 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 1,000.00 IS EUR 6.65. POOL FACTOR.
* Investors pricing in higher rates in the face of rising inflation. * No end in sight for more than two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee and Harry Robertson.
Winner Medical has officially broken ground on its new manufacturing base in Hai Ha Industrial Park, Quang Ha Commune, Quang Ninh Province, Vietnam. Image: image1.jpeg From Foreign Trade to Local Manufacturing: A Solid Foundation for Globalization Winner Medical?s international journey began more than 30 years ago.
* U.S. Vice President Vance says progress made in talks with Iran. * Benchmark 10-year Treasury yields near a more-than-one-year high. * Minutes from Fed's April policy meeting due at 1800 GMT. * U.S. Fed to avoid cutting rates this year - Reuters poll. By Pablo Sinha.
Emmanuel Moulin, President Emmanuel Macron's pick to head the Bank of France and his former chief of staff, said on Wednesday in hearings ahead of a vote by Parliament on Moulin's confirmation that he was sure he would run the national central bank in an independent manner.
Although some are puzzled by the coincidence of an artificial intelligence boom and rising borrowing costs, they are closely linked.Beyond the immediate heat of the AI investment frenzy, a long-term productivity surge is lifting estimates of neutral interest rates even as workers' share of the GDP pie declines. The idea remains controversial in some circles.
* Treasury yields hit new highs overnight, steady in Asia. * Japan's Nikkei falls 1.5%, Wall St futures a tad lower. * Oil prices still elevated, yen hovers around 159 per dollar. By Stella Qiu.
* Investor pricing in higher rates in the face of rising inflation. * No end in sight for the over two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee.
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