Royal Bank of Canada (RY) reported fiscal Q2 adjusted earnings Thursday of 3.90 Canadian dollars per diluted share, up from CA$3.12 a year earlier. Analysts surveyed by FactSet expected CA$3.80. Revenue for the quarter ended April 30 was CA$17.45 billion, up from CA$15.67 billion a year earlier. Analysts polled by FactSet expected CA$17.32 billion.
A selloff in government bonds is testing one of the most basic assumptions in markets: that Treasuries and other high-quality debt will cushion portfolios when stocks fall. Long-dated bonds have come under pressure since the Iran war started, as investors demand more compensation for inflation, U.S. economic strength and expected increases in bond supply driven by deficit spending.
* Rising inflation and deficits weaken bonds' role as portfolio diversifiers. * Analysts highlight diminished negative correlation between stocks and Treasuries. * Some investors favor shorter maturities, but Treasuries remain key global asset. By Karen Brettell.
* Investors more cautious on chances of swift end to Iran war. * US economic data in focus after hawkish Fed remarks. * Yen support likely to hinge on intervention risks, US data. By Stefano Rebaudo.
Food insecurity and financial strain are rising across large parts of the U.S. economy even as broader economic conditions remain relatively stable, according to new research published Wednesday by the Federal Reserve Bank of New York.
* U.S. launches strikes on Iran military site. * Dollar rises to one-week high. * U.S. PCE data due at 1230 GMT. * Silver, platinum hit near one-month lows. By Pablo Sinha. Gold prices fell to a two-month low on Thursday as fresh U.S. attacks on Iran boosted the dollar and pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook.
Euro zone bond yields rose on Thursday after the U.S. and Iran traded strikes, threatening their ceasefire agreement and pushing oil prices up around 3%. Germany's 10-year bond yield rose 2 basis points to 3.005%. The two-year German bond yield, which is more sensitive to European Central Bank interest rate expectations, rose 4 bps to 2.617%. Yields move inversely to prices.
If Donald Trump is indeed backing off and allowing the Federal Reserve to do what it needs to do, then the U.S. president may have to park his administration's long-assumed preference for a weaker dollar too.
Federal Reserve Vice Chair Philip Jefferson said on Thursday it was appropriate to focus on returning inflation to the central bank's 2% target given the U.S. labour market has been "very resilient" to the current energy shock.
* Bare-bones budget aims to preserve fiscal space as Iran war fans economic risks. * Budget projects achieving surplus sooner than expected in fiscal 2030. * Finance Minister Willis says budget aims to bolster economy for years ahead. * Government downgrades GDP forecast for 2027 fiscal year. * Budget boosts spending on defence, schools but flags deeper public service cuts.
Chicago Federal Reserve President Austan Goolsbee on?Thursday amped up his warning that mounting expectations for the productivity-boosting potential of AI could send inflation higher and force the Fed and other central banks to raise interest rates.
Chicago Federal Reserve President Austan Goolsbee on Thursday amped up his warning that mounting expectations for the productivity-boosting potential of AI could send inflation higher and force the Fed and other central banks to raise interest rates.
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.
This news release contains forward-looking statements. MONTR?AL, May 27, 2026 /PRNewswire/ - Bell Canada today announced the public offering in Canada of Cdn $1.6 billion aggregate principal amount of MTN Debentures in two series pursuant to its medium term notes program.
Chicago Federal Reserve President Austan Goolsbee told CNBC on Thursday that energy inflation tied to the war in Iran has lasted longer than expected. Goolsbee also sounded a warning for Asian economies in the interview, saying that, because they are energy importers, "it's more just a stagflationary shock of the old-fashioned variety."
New Zealand on Thursday forecast a budget deficit of NZ$15.06 billion for the fiscal year ending June 30 2026, narrower than a deficit of NZ$16.93 billion projected in its half-year fiscal update in December. Net debt excluding advances was forecast to peak at 46.1% of gross domestic product in 2027/28.
The U.S. dollar was slightly higher on Thursday, after touching its strongest level since early April, as doubts grew over prospects of a deal to reopen the Strait of Hormuz and focus shifted to possible U.S. interest rate hikes. Iran's Revolutionary Guard targeted a U.S. airbase on Thursday, hours after U.S. President Donald Trump rejected a report he was close to a compromise deal with Tehran.
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.
Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook.
* Fed's Jefferson says monetary policy is well positioned. * Jefferson says while inflation expected to ease later this year, there are risks. * Jefferson says job market mostly stable. By Michael S. Derby. Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. After digesting Q2 results, we raise our 12-month target price by CAD15 to CAD265, which is 18.6x our FY 27 EPS view of CAD14.21, a premium to its five-year forward P/E of 10.9x, given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., priced a private offering of $300 million aggregate principal amount of additional 8.000% Senior Notes due 2031 in a private offering.
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
The muni market's gains are likely a continuation of Tuesday, Charles Schwab's Cooper Howard said, but markets could turn sour after personal consumption expenditures data is released Thursday.
WASHINGTON, May 27, 2026 Fannie Mae's?April 2026 Monthly Summary is now available. ?. View original content to download multimedia:https://www.prnewswire.com/news-releases/fannie-mae-releases-april-2026-monthly-summary-302783301.html. SOURCE Fannie Mae.
National Bank of Canada on Wednesday raised its price target on the shares of Alimentation Couche-Tard (ANCTF) to C$91.00 from C$89.00 while maintaining its outperform rating ahead of the company's fiscal fourth-quarter results, set to be released on June 22. The analysts said they expect earnings per share to be US$0.58, above the consensus of US$0.53 and up from US$0.46 last year.
The Federal Reserve's in-house watchdog said on Wednesday it's looking into how the U.S. central bank's Board of Governors reappoints the regional Fed presidents and their deputies to respective five-year terms.
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.
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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