The Bank of Japan will raise its key interest rate this month and again in the fourth quarter, taking borrowing costs to 1.25% by year-end, as it grows more wary of inflation risks than downside hazards to the economy, a Reuters poll of economists showed.
U.S. consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ammunition for the Federal Reserve to keep interest rates unchanged this year.
* Consumer Price Index forecast increasing 0.5% in May. * Year-on-year CPI estimated to have jumped 4.2%, biggest rise since April 2023. * Core CPI monthly increase expected to slow as one-time bump to shelter related to government shutdown fades. By Lucia Mutikani.
New Zealand's jobless ranks could swell as the central bank ratchets up interest rates, casting the government's inflation-focused mandate in an unflattering light ahead of a closely contested general election, and raising the prospect of a return to the dual mandate if it loses power.
China's producer prices rose for a third straight month in May to the highest since July 2022, while consumer prices also climbed, official data showed on Wednesday, indicating that elevated global energy prices continued to drive up costs for manufacturers and households.
DETROIT, June 9, 2026 Rocket Companies, Inc. (RKT), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today priced its previously announced private offering of $900,000,000 aggregate principal amount of 6.125% senior notes due 2031 and $600,000,000 aggregate principal amount of 6.500% senior notes due 2034.
Nearly all economists surveyed expect the Bank of Japan to raise its benchmark interest rate by a quarter point to 1% when its policy board concludes a two-day meeting on June 16, Bloomberg reported Tuesday, citing a Bloomberg News poll.
ICL Group Ltd. (ICL) hereby announces the pricing of an offering to institutional investors pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, of $800 million aggregate principal amount of senior unsecured notes due 2036, bearing interest at a rate of 6.036% to be paid semi-annually until maturity, issued at a price of 100% to yield 6.036% and with the principa...
Hut 8's (HUT) second investment-grade data center construction bond ? fully amortizing, non-recourse, and non-dilutive ? rated Baa2 and priced 20 basis points inside the River Bend notes issuance spread Substantially oversubscribed, broadening Hut 8's (HUT) institutional credit investor base and bringing cumulative project-level, investment-grade data center construction financing to $7.5 billion MIAMI...
The U.S. Federal Reserve said on Tuesday it will publish the results of its annual big bank stress tests on June 24. The central bank conducts the test each year to examine?how large banks would perform against a hypothetical economic downturn and market strains.
The U.S. Federal Reserve said on Tuesday it will publish the results of its annual big bank stress tests on June 24. This year's stress test subjected 32 large banks to a severe global recession scenario that included heightened stress across commercial and residential real estate, as well as corporate debt markets, the Fed said in a statement.
* U.S. equity indexes decline with Nasdaq leading losses. * Tech stocks tumble, defensive sectors find favor. * Dollar pares losses, U.S. Treasury yields slip. * Oil prices fall with Middle East outlook unclear. * EIA flags demand drop. By Sin?ad Carew and Amanda Cooper.
BNY Mellon Investment Adviser, Inc. announced today that proxy advisory firms Institutional Shareholder Services and Glass Lewis have recommended that stockholders of BNY Mellon Strategic Municipals, Inc. (LEO) and BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) vote in favor of each Fund?s three incumbent nominees on the WHITE proxy card ahead of the Funds? annual stockholders meetings on June 11, 2026.
The Toronto Stock Exchange slumped Tuesday as a sharp decline in oil prices weighed on energy shares, while investors assessed mixed economic data, a wider Canadian trade surplus and the outlook for the Bank of Canada's interest-rate decision coming tomorrow. The S&P/TSX Composite Index closed down 67.05 points, or 0.19%, to 34,411.69, with sectors mixed over Tuesday's session.
Volume was robust last week, with a nearly $20 billion new-issue calendar, and while supply dips to $13 billion this week, it will end up higher thanks to four sizable prepay energy deals that priced on Monday and Tuesday.
On May 28, 2026, the?District of Columbia Housing Finance Agency issued $23.8 million in tax exempt bonds, underwrote $14.9 million in federal funding, and leveraged $3.0 million in DC Low Income Housing Tax Credit equity for the construction of 950 Eastern Ave in Ward 7?s Burrville neighborhood. Cubed Partners LLC and the United Planning Organization are the developers of 950 Eastern Avenue.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.9% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index climbed 3.4%, and the State Street Real Estate Select Sector SPDR ETF rose 2.1%. Bitcoin was falling 2.3% to $61,906.8, and the yield for 10-year US Treasuries was decreasing 2.2 basis poin...
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index increasing 1.1% and the State Street Financial Select Sector SPDR ETF adding 0.8%. The Philadelphia Housing Index climbed 3.4%, and the State Street Real Estate Select Sector SPDR ETF rose 2.2%. Bitcoin was falling 2.1% to $61,759, and the yield for 10-year US Treasuries was decreasing 2.4 basis points...
* Loonie touches its weakest since December 4 at 1.3969. * Trade surplus widens to C$2.72 billion. * Price of oil settles 3.4% lower. * Canadian bond yields ease across the curve. By Fergal Smith. The Canadian dollar steadied near its lowest level this year against the U.S. dollar after data showed that Canada's trade surplus widened in April and ahead of a Bank of Canada interest rate decision.
Argentina's industrial output fell 2.8% in April compared to the same month last year in non-seasonally adjusted terms, data from national statistics agency INDEC showed on Tuesday.
The US Consumer Price Index is expected to rise by 0.5% in May after a 0.6% gain in April, according to a survey compiled by Bloomberg. The year-over-year rate is forecast to rise to 4.2% from 3.8% as a result. The CPI data are scheduled to be released at 8:30 am ET Wednesday.
Entrepreneur Don Buckner Sr. Reveals How Circulating Capital Domestically Powers True Economic Growth, Stronger Communities, and Superior Investment Returns LEESBURG, Fla. "Money must flow in a circle," says Buckner.
Four deals were on the day-to-day calendar, "playing it close to the vest, and all of a sudden, boom, they all get done," said Pat Luby, head of municipal strategy at CreditSights.
* US May CPI data due on Wednesday. * Traders see about 68% chance of US rate hike in December. * Oil falls after Iran, Israel halt strikes on each other. By Anushree Mukherjee.
Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.5% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was rising 2.2%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.9%. Bitcoin was falling 2.7% to $61,381, and the yield for 10-year US Treasuries was decreasing 1 basis point t...
ADA, Okla. The findings come from the LegalShield Consumer Stress Legal Index, a leading indicator of foreclosure filings, housing starts, and existing-home sales built on U.S. Census Bureau regional definitions. "What our data is showing is essentially two housing markets inside one country," said Matt Layton, senior vice president of Consumer Analytics for LegalShield.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.3%. The Philadelphia Housing Index was rising 2.2%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.9%. Bitcoin was falling 2.7% to $61,381, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.542%...
The U.S. trade deficit narrowed in April as exports of petroleum products and capital goods jumped to record highs, a trend that if sustained, will put trade on course to contribute to economic growth in the second quarter.
AM Best has assigned a Long-Term Issue Credit Rating of ?a? to Principal Financial Group, Inc.?s recently announced USD 400 million issuance of 5.3% senior unsecured notes due 2037. The proceeds from this debt issuance are expected to be used to cover general business purposes, as well as to prefund upcoming maturities.
A further gain in Canadian exports brought a wider trade surplus in April, even after a pullback in gold trade took some of the shine off, CIBC said Tuesday. The further gain in export volumes at the start of Q2, following a solid rise in March, will mean that net trade should be a positive for quarterly GDP and support a rebound in economic activity following two marginal contractions.
Amazon (AMZN) has issued C$14 billion of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market. The previous record size of C$8.5 billion was set by Google-parent Alphabet last month.
Amazon (AMZN) has issued C$14 billion of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for the Canadian corporate bond market. The previous record size of C$8.5 billion was set by Google-parent Alphabet last month.
US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday. Sales rose 3.2% sequentially to a seasonally adjusted annual rate of 4.17 million units last month. "More Americans are on the move, with home sales rising to the highest level since December.
The U.S. Food and Drug Administration on Tuesday said it added bemotrizinol to its list of permitted active ingredients, marking the first new UV filter to be cleared for over-the-counter sunscreens since the late 1990s. * Bemotrizinol helps protect against both ultraviolet A and B rays and has low levels of absorption through the skin into the body, the FDA said.
The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday. The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. Exports increased 2.6% to $327.1 billion in April and imports rose 2% to $383 billion.
* US May CPI data due on Wednesday. * Traders see about 70% chance of US rate hike in December. * Oil falls after Iran, Israel halt strikes on each other. By Anushree Mukherjee. Gold prices fell on Tuesday, tracking a broader market sell-off and pressured by rising expectations of a U.S. interest rate hike this year, while investor focus turned to key inflation data due later this week.
Muni bond issuers cut their median audit times from 2023 to 2024, with issuers in all governmental bond and most revenue bond sectors reducing audit timelines.
Canada's trade balance moved into a $2.7 billion surplus in April, widening from $1.8 billion the prior month, said TD after Tuesday's data. Exports in April rose by 1.6% month over month, following sturdy gains over the last two months.
National Bank of Canada retained Rockpoint Gas Storage's outperform rating and C$35 price target, according to a note published Sunday. The bank recently hosted institutional investor meetings with Rockpoint executives led by Chief Executive Officer Toby McKenna.
* TSX up 0.6% * BoC rate decision awaited. By Tharuniyaa Lakshmi. Canada's main stock index rose on Tuesday as easing Middle East tensions lifted global sentiment, ahead of the Bank of Canada's rate decision this week. At 10:09 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 0.6% at 34,717.89 points.
* Traders await CPI data for signs of persistent inflation pressures. * Fed funds futures price in 68% chance of rate hike by December. * Treasury auctions this week test investor demand amid fiscal concerns. By Karen Brettell. U.S. Treasury yields edged lower on Tuesday as traders awaited key consumer price inflation data for signs of whether price pressures are continuing to build.
U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the housing market. Home sales jumped 3.2% last month to a seasonally adjusted annual rate of 4.170 million units, the National Association of Realtors said on Tuesday.
U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the housing market. Home sales jumped 3.2% last month to a seasonally adjusted annual rate of 4.170 million units, the National Association of Realtors said on Tuesday.
Existing-home sales increased by 3.2% month-over-month and year-over-year, according to the National Association of REALTORS? Existing-Home Sales report. Month-over-month sales increased in the Northeast, Midwest and South, and were unchanged in the West. ?More Americans are on the move, with home sales rising to the highest level since December.
The pace of US existing home sales rose by 3.2% to a 4.17 million seasonally adjusted annual rate in May from 4.04 million in April, compared with a smaller expected increase to a 4.07 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Tuesday showed.
* Trade gap with China shrank as exports and imports declined. * Imports rose on strong demand for capital goods, especially AI-related equipment. * Services exports dipped, mainly due to weaker travel and transport. By Lucia Mutikani.
* Oil falls after Iran, Israel halt strikes on each other. * US May CPI data due on Wednesday. * Traders see about 70% chance of US rate hike in December. By Anushree Mukherjee.
Canada's merchandise trade surplus widened to $2.7 billion in April from $1.8 billion in the prior month, said Bank of Montreal after Tuesday's data. That marks back-to-back months in surplus, with April's reading the largest since the start of 2025, noted the bank. Exports rose 1.6% month over month in April after popping more than 10% in the prior month, on the back of higher energy prices.
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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