Federal Reserve Governor Lisa Cook on Wednesday said she feels the U.S. central bank should hold short-term interest rates steady for now but, with tariffs, the Iran war and a surge in AI-related investment pushing prices higher, she is prepared to hike rates if needed.
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In ec...
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In co...
KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Louisiana General Obligation Refunding Bonds, Series 2026-B. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
* Fed's Kashkari calls for focus on inflation risk. * Investors focusing on key US data due later this week. * BofA says gold rally could boost silver above $100 per ounce again. By Anjana Anil and Anmol Choubey.
Financial stocks fell in Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF shedding 0.8%. The Philadelphia Housing Index rose 1.5%, and the State Street Real Estate Select Sector SPDR ETF gained 0.1%. Bitcoin fell 1.6% to $74,905, and the yield for 10-year US Treasuries was little changed at 4.49%. In economic news, Re...
Issuers are watching Washington D.C. gearing up for a water bill reauthorization, along with decisions on state revolving funds, appropriation levels and the future of WIFIA.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF decreasing 0.9%. The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.6% to $74,905, and the yield for 10-year US Treasuries was slightly lower at 4....
* Mortgage applications fall 8.5%, refinancing drops, application volumes near yearly low. * Housing supply remains tight as homeowners with low rates stay put, worsening affordability. * Average 30-year mortgage rate hits 6.65%, highest since August 2025, MBA reports.
KBRA assigns ratings of ?BBB? to the Series 2026-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2.
National Bank of Canada (NTIOF) released second-quarter financial results and hosted an earnings call on Wednesday. This content is powered by Benzinga APIs.
AM Best has upgraded the Financial Strength Rating to ?B+? from B and the Long-Term Issuer Credit Rating to ?bbb-? from ?bb+? of Reaseguradora Santo Domingo, S.A.. The outlook of these Credit Ratings has been revised to stable from positive.
In a Tuesday speech, Bank of Canada Deputy Governor Nicolas Vincent highlighted the rise in long-term unemployment, especially for those aged 15-24 years, said Bank of Montreal.
Food-related challenges are surging for America's least well-off residents, and that likely explains the marked rise in a sour consumer mood despite data showing the economy is overall doing pretty well, new research from the Federal Reserve Bank of New York says.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
* 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. residential real estate loan hit a nine-month high last week in another blow to home-ownership affordability, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing up benchmark U.S. Treasury yields.
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.
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.
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