* NY Fed finds marked rise in food insecurity for many Americans. * NY Fed says food concerns likely linked to bad consumer moods. * NY Fed says lower-income Americans' food challenges greatest. By Michael S. Derby.
U.S. Treasury yields on Wednesday morning edged lower amid continued hopes that Washington and Tehran were moving toward an agreement after nearly three months of war. The U.S. Treasury is due to hold an auction of 5-year notes in the afternoon while investors await Thursday's releases of key economic data on inflation, durable goods and first-quarter economic growth.
Municipal finance professionals surveyed by The Bond Buyer said unrealistic revenue projections were the top driver of problems for public-private partnership deals.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. NA reported Q2 FY26 EPS of CAD3.23 vs CAD2.85 a year ago, CAD0.10 above consensus, though credit quality showed mixed results with provisions declining to CAD233M but gross impaired loans hitting a cyclical high of 114 bps. MT Newswires does not provide investment advice.
* Fed's Kashkari calls for focus on inflation risk. * Investors focusing on key US data due later this week. * Spot silver down more than 3% By Anjana Anil and Anmol Choubey. Gold prices fell to nearly a two-month low on Wednesday, pressured by expectations of tighter monetary policy to fend off rising inflation, with no clear end in sight to the war in Iran.
A group of the world's leading central banks and more than 40 major commercial banks are to step up testing of one of the world's most closely watched digital payments projects, as the race to upgrade - and dominate - the international financial architecture heats up.
KBRA assigns preliminary ratings to five serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2026A, a $47.59 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Dev...
* Leading central banks push ahead with digital payments testing. * Bank of Canada due to join the project going forward. * China's central bank, commercial banks not involved in project. By Marc Jones.
Early Wednesday, 10-year Government of Canada bonds and United States Treasuries are trading at -104 bps, said National Bank of Canada. This means GoCs are slightly outperforming to start, noted the bank. Those levels are quite richer month-to-date, which are at about 19 bps since May 1, though 10-year cross-border outperformance isn't as pronounced as down the curve, stated National Bank.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. An $8 million offering from Northern Potter School District, Pa., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
ROSELAND, N.J., May 27, 2026 For the four weeks ending May 9, 2026, U.S. private employers added an average of 35,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report. Hiring slowed from the previous week. The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $300 million aggregate principal amount of additional 8.000% Senior Notes due 2031 in a private offering.
The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher.
The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher. The U.S. labor market has since stabilized, with the unemployment rate now at the same 4.3% it was last August.
Up to $1.3 billion in flexible, non-dilutive capital, including up to $800 million of synthetic royalty and access of up to $500 million in senior corporate debt? Combined with company's current total cash of $1.3 billion, this transaction positions Apogee to achieve a self-sustainable financial profile through commercialization of zumilokibart without need for future equity financing Apogee to...
Russia has passed a law allowing its central bank and other financial institutions to operate their own defence systems and arm staff to repel drone attacks, a document published by the lower house of parliament showed.
The U.S. dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome signs that inflation is heating up. In the first half of last year, the dollar slumped nearly 11%. Since then, it has settled into a narrow trading range, frustrating both those anticipating deeper losses and those hoping for a meaningful rebound.
Euro zone banks need to invest more in cybersecurity if they are to get a grip on new AI models that can find flaws in software, the European Central Bank's outgoing Vice President Luis de Guindos said on Wednesday.
Societe Generale in its early Wednesday economic news summary pointed out: -- Brent offered inside a weekly range. -- The Reserve Bank of New Zealand holds OCR at 2.25%, MPC split 3-3, Governor Breman casts deciding vote for no change. -- Australia April consumer price index slows more than forecast to 4.2% year over year from 4.6% in March, core up a tick at 3.4% following temporary fuel tax cut.
The Hungarian forint
firmed on Wednesday after the country's central bank
left rates on hold and as investors looked ahead to a potential
deal on releasing European Union funds.
Euro zone banks need to invest more in cybersecurity if they are to get a grip on new AI models that can find flaws in software, the European Central Bank's outgoing Vice President Luis de Guindos said on Wednesday.
Top brokerages expect the benchmark S&P 500 index to extend its rally in 2026, even as the months-long Middle East conflict disrupts global energy flows and drives inflation higher. Strategists at major investment banks expect AI momentum and strong corporate earnings to offset the conflict's short-term economic impact.
The world may need to find a way to get by on less oil and gas if the Strait of Hormuz remains closed much longer due to the U.S.-Israeli war on Iran, Dallas Federal Reserve President Lorie Logan said on Wednesday. Iran has throttled shipping through the strait during the three-month conflict, forcing up energy, food and fertilizer prices.
The world may need to find a way to get by on less oil and gas if the Strait of Hormuz remains closed much longer dueto the U.S.-Israeli war on Iran, Dallas Federal Reserve President Lorie Logan said on Wednesday. Iran has throttled shipping through the strait during the three-month conflict, forcing up energy, food and fertilizer prices.
London copper prices rose to a near two-week high on Wednesday, as lower oil prices eased fears of inflation and slowing economic growth, while aluminium steadied near its highest level in more than four years on supply concerns. Three-month copper on the London Metal Exchange was up 0.3% at $13,660.50 a metric ton by 0701 GMT, after hitting its highest since May 15 earlier in the session.
Pressures on central bank independence are likely to grow as public dissatisfaction over supply-shock-driven inflation may tempt politicians to assign blame to central banks, former Federal Reserve executive Donald Kohn said on Wednesday.
By Stefano Rebaudo Euro zone government bond yields fell on Wednesday after rising the previous day, as investors continued to expect two European Central Bank rate hikes this year amid uncertainty over U.S.-Iran tensions. Money markets are pricing the ECB deposit rate at 2.59% by December, up from the current 2% but down from the 2.75% level priced in last week.
* Public discontent may tempt politicians to blame central banks. * Pressure on central bank independence to grow. * Kohn calls for clear communication, less reliance on models. * Central banks must focus on creating economic narratives. By Leika Kihara.
Japanese government bond yields fell on Wednesday as the market awaited clearer signals for whether the Bank of Japan will raise interest rates as early as June, while improved appetite for debt supported the super long end.
* U.S. inflation risks higher than risk of worsening job market. * Most of recent US data showing inflationary risks are higher. * Far too soon to predict timing of next Fed policy shift. * Iran war sent 'inflationary shockwave' globally that may persist. By Leika Kihara.
Navios Maritime Partners L.P. (NMM) announced today that it has successfully completed a USD 30 million tap issue of its outstanding senior unsecured bond due November 7, 2030. The net proceeds from the tap issue are intended to be applied towards general corporate purposes.
A look at the day ahead in European and global markets from Rocky Swift. While markets appear to be looking past the Middle East crisis and the havoc it has wreaked on energy supplies, central bankers are signalling that the inflationary damage is already done. Share markets in Japan and South Korea surged to fresh records, riding AI optimism that sent U.S. benchmarks to all-time highs.
A look at the day ahead in European and global markets from Rocky Swift. While markets appear to be looking past the Middle East crisis and the havoc it has wreaked on energy supplies, central bankers are signalling that the inflationary damage is already done. Share markets in Japan and South Korea surged to fresh records, riding AI optimism that sent U.S. benchmarks to all-time highs.
* Iran says US violated ceasefire agreement. * US Secretary of State says Iran deal could take a few days. * US PCE data due on Thursday. By Pablo Sinha. Gold prices edged lower on Wednesday as investors assessed ongoing tensions between the U.S. and Iran, and awaited comments from Federal Reserve officials for monetary policy clues. Spot gold was down 0.1% at $4,502.25 per ounce, as of 0412 GMT.
London copper prices rose to a near two-week high on Wednesday, as lower oil prices eased fears of inflation and slowing economic growth, while aluminum hovered near its highest level in more than four years on supply concerns. Three-month copper on the London Metal Exchange was up 0.5% at $13,688.50 a metric ton by 0334 GMT, after hitting its highest since May 15 earlier in the session.
* RBNZ holds rates at 2.25% in split decision; governor casts deciding vote. * RBNZ warns rates may go up sooner and by more than expected to counter energy shock. * Markets price in tighter policy path as inflation outlook worsens. * NZ dollar jumps, swaps up 5 basis points as traders brace for hikes ahead. By Stella Qiu and Lucy Craymer.
New Zealand's central bank held rates steady on Wednesday, but a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise sooner and by more than expected to counter an energy shock rippling through the global economy.
Gold ticked up on Wednesday, supported by a weaker dollar, as investors looked for signs of progress in peace negotiations between the United States and Iran and assessed the U.S. Federal Reserve's monetary policy outlook. FUNDAMENTALS. * Spot gold rose 0.2% at $4,516.76 per ounce, as of 0051 GMT. * The dollar eased, making greenback-priced bullion more affordable for holders of other currencies.
* Central bankers signal inflation concerns. * Japan's Nikkei hits record after Wall Street gains on AI optimism. * New Zealand dollar subdued ahead of expected central bank rate hold. By Rocky Swift Asian shares rose while oil prices remained elevated on Wednesday as markets looked for signals that a shaky truce between the United States and Iran will be extended.
Russia has passed a law allowing its central bank and other financial institutions to operate defence systems and arm staff to ward off drone attacks without special forces involvement, a document published by the lower house of parliament showed on Tuesday.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions, today announced that it has agreed to sell US$500 million aggregate principal amount of 4.800% Senior Notes due 2029 in a private offering that will not be registered under the Securities Act of 1933, as amended.
World stocks, the S&P 500 and Nasdaq rose to new highs on Tuesday, driven again by an unyielding optimism around artificial intelligence that lifted U.S. chipmaker Micron Technology into the $1 trillion club and offset uncertainty around a U.S.-Iran peace deal. In my column today, I look at how the steep selloff in U.S. Treasuries has made some corporate bonds more appealing than sovereign debt.
World stocks, the S&P 500 and Nasdaq rose to new highs on Tuesday, driven again by an unyielding optimism around artificial intelligence that lifted U.S. chipmaker Micron Technology into the $1 trillion club and offset uncertainty around a U.S.-Iran peace deal. In my column today, I look at how the steep selloff in U.S. Treasuries has made some corporate bonds more appealing than sovereign debt.
PBF Energy (PBF) has priced $500 million of 7.25% senior notes due 2034 in a private offering, the company said late Tuesday. The notes will be co-issued with PBF Energy's (PBF) subsidiary PBF Holding, the company said, adding that PBF Holding intends to use the net proceeds from the offering to fund the redemption in full of its outstanding 6% senior notes due 2028.
* Chip prices surge, putting Nasdaq out front. * Brent crude rises, WTI falls as US strikes on Iran dampen peace hopes. * ECB's Isabel Schnabel signals need for rate hike in June regardless of peace progress. * US Treasury yields fall as inflation worries ebb. By Stephen Culp.
Viridian Therapeutics (VRDN) said on Tuesday it has signed a manufacturing agreement with WuXi
Biologics (WXIBF) to support commercial supply of its experimental drug if approved. * WuXi
Biologics (WXIBF) will make and supply both the drug substance and final product for veligrotug, Viridian's treatment for thyroid eye disease, a condition that causes eye swelling and vision problems.
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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