* Manufacturing PMI increases 1.3 points to 54.0 in May. * Supplier delivery performance slows for sixth consecutive month. * Iran war dominates comments from manufacturers, with many complaining about negative impact on supply chains. By Lucia Mutikani.
The US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys showed Monday. The Institute for Supply Management's purchasing managers' index increased to 54 in May from 52.7 the month prior, reaching its highest reading since May 2022.
The Bank of Canada on Monday cautioned against putting too much weight on recent GDP data which showed two consecutive quarters of decline on an annualized basis. Senior deputy governor Carolyn Rogers said while two quarters of annualized contraction in GDP did meet one definition of a recession, the April advance estimate showed the economy most likely rebounded.
B&G Foods (BGS) said Monday it plans to issue $475 million of senior notes due 2031. The company will use the net proceeds, cash, and revolving credit facility borrowings to redeem $509.3 million of outstanding 5.25% senior notes due 2027, it said. Certain domestic units will guarantee the securities on a senior unsecured basis, the company said.
Friday's Q1 gross domestic product figures in Canada, including revisions, stunned everyone in consensus and at the Bank of Canada, said Scotiabank. Consensus had forecast about 1.5% quarter-over-quarter seasonally adjusted annual rate growth with a trimmed range between about 1% to 2% and the BoC's projection in the April Monetary Policy Report was 1.5%, noted the bank.
Canada's Q1 gross domestic product didn't just underperform expectations as it was "outright terrible," falling by 0.1% quarter-over-quarter annualized, said Rosenberg Research after Friday's GDP data. The consensus expectation was for a gain of 1.5%, due largely to an expected rebound in inventories after a large drawdown in Q4. Yet, GDP still fell, noted Rosenberg Research.
* Iran halts US talks, oil prices surge, market reacts to geopolitical tensions. * US Treasury yields jump, 10-year note posts biggest rise in two weeks. * Fed rate hike expectations increase as high oil prices persist, Strait of Hormuz remains closed. By Chuck Mikolajczak.
"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.
Private sector analysts
polled by Mexico's central bank slightly raised nearly all
forecasts for inflation this year and next, while trimming their
economic growth estimates, the bank said on ...
KBRA assigns a rating of BBB- with a Positive Outlook to the $400 million senior unsecured notes issued by Clear Street Holdings LLC due May 31, 2031. Key Credit Considerations Support for the rating is anchored by the experienced management team that includes risk management, prime brokerage, and financial and treasury management personnel with specialized capital markets experience.
U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department's Census Bureau said on Monday that construction spending rose 0.4% after a downwardly revised 0.2% increase in March.
The Canadian Labour Force Survey this week will draw close scrutiny after it emerged that on Friday the economy slipped into a technical recession for the first time since 2020, said Societe Generale. Canada will release the LFS for May this Friday, at 8:30 a.m. ET.
U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department's Census Bureau said on Monday that construction spending rose 0.4% after a downwardly revised 0.2% increase in March.
The Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for a smaller increase to 53.0 reading in a survey compiled by Bloomberg as of 7:30 am ET. The index indicates faster expansion, and it is the highest reading since May 2022.
US construction spending rose by 0.4% in April, compared with a 0.3% increase expected in a survey compiled by Bloomberg and following a downwardly revised 0.2% increase in March.
U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran.
U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran. Manufacturing has now grown for five straight months, anchored mostly by an artificial intelligence spending spree.
New Orders Growing; Production Growing; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Imports Growing; Exports Growing. TEMPE, Ariz. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management?? Manufacturing Business Survey Committee.
Canada's manufacturing sector growth was sustained in May as output, new orders and employment all increased, said S&P Global on Monday. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers' Index, a composite index designed to provide a summary of operating conditions in manufacturing, remained in positive territory during May for a second successive month.
The Bank of Canada's Financial Stability Report of last week highlighted warning signs for the economy, especially from the housing sector, overextended asset valuations, and global turbulence, says Rosenberg Research.
Canada's manufacturing sector expanded for a second straight month in May as the potential for higher prices and product shortages due to the war in the Middle East likely boosted client demand, data showed on Monday. The ?S&P Global Canada Manufacturing Purchasing Managers' Index edged down to 52.9 last month from 53.3 in April.
* Iran and US carry out strikes. * Series of US jobs data due this week. * Palladium is moving towards balance - Morgan Stanley. By Ashitha Shivaprasad. Gold prices slipped on Monday as fresh strikes between Iran and the United States heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.
It is rare for economists surveyed by Bloomberg to be so wide of the mark as they were in their predictions for Canada's gross domestic product released on Friday, said Commerzbank. Instead of growing by 1.5%, the real economy contracted by 0.1% in Q1 on a quarter-over-quarter annualized basis, noted the bank.
Clear Street, a cloud-native financial infrastructure technology firm on a mission to give every sophisticated investor access to every asset in every market, today announced the closing of a $400 million private placement of senior unsecured notes issued by its subsidiary, Clear Street Holdings, LLC.
New AI Engine Forecasts CPI Ahead of Government Release LOS ANGELES, June 1, 2026 SoLo Funds, the largest AI-powered community banking solution in the U.S., today unveiled SoLo NowCAST?, a real-time consumer prediction engine built on financial behavior designed to anticipate inflation trends before the CPI is officially released.
Goodyear Tire & Rubber (GT) commenced a public offering of $750 million worth of six-year senior notes, the company said Monday. Goodyear plans to use the net proceeds from this offering to pay down other debt and for general corporate purposes, the company said. MT Newswires does not provide investment advice.
This week will see continued stability, given the recent bumps on deals in the primary market last week and the lack of negative headlines about the war with Iran, said Elaine Brennan, executive director of the public finance department at Roosevelt & Cross.
The New York Convention Center Development Corporation is coming to market for the first time in more than a year, with bonds backed by a hotel surcharge.
China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different - and potentially competing - path from the United States in shaping the future of money.
AKRON, Ohio, June 1, 2026 The Goodyear Tire & Rubber Company (GT) today announced that it has commenced a public offering of $750 million aggregate principal amount of 6-year senior notes. About The Goodyear Tire & Rubber CompanyGoodyear is one of the world's largest tire companies.
Canadian Q1 gross domestic product showed the economy effectively stalled, contracting 0.1% quarter-over-quarter annualized, undershooting expectations, said TD after Friday's GDP data. The weakness was broad-based, noted the bank. Overall, the economy continues to muddle along with limited forward momentum, stated TD.
Canada's economy had a soft start to 2026, with real gross domestic product growth disappointing consensus expectations, while GDP was broadly unchanged in Q1 and the unemployment rate edged higher, RBC said.
Waldencast plc (WALD) today announced that it has entered into a definitive agreement to sell its Obagi Medical dermatological skincare and aesthetics business to Bridgepoint, one of the world's leading mid-market investors, in a transaction valued at up to $460 million, marking a significant step in Waldencast?s strategy to strengthen its balance sheet and focus on accelerating the global growth of M...
Growth momentum continued to soften in Q1 as downside risks persist in Canada, said Nomura after Friday's Q1 gross domestic product data. Real GDP fell 0.1% quarter-over-quarter annualized in Q1 after a revised 1.0% contraction in Q4, below consensus and the Bank of Canada's expectation, noted Nomura.
Euro area government bond yields rose on Monday as investors stayed wary of a potential U.S.-Iran deal to reopen the Strait of Hormuz, a development that could ease inflation pressures and reduce expectations for European Central Bank tightening. Borrowing costs tracked moves in oil prices - which were up 2.5% on Monday, but still below $95 - seen as a proxy for future inflation.
* Demand for European goods stagnated in May. * Britain's factories raised their prices at fastest rate since June 2022. * Private survey shows China's factory activity expanded in May. By Jonathan Cable and Leika Kihara.
Societe Generale in its early Monday economic news summary pointed out: -- Brent +2.5% to US$93.5/barrel, 10-year United States Treasury yield +3bps at 4.47%, Germany's Bund +3bps at 2.97%. U.S.-Iran exchanged messages seeking changes to the draft agreement, including a ceasefire extension and reopening the Strait of Hormuz.
Growth in euro zone manufacturing lost momentum in May as demand for goods stagnated and supply-chain disruptions linked to the Middle East war pushed input costs to their highest in four years, a survey showed on Monday.
LONDON, June 1, 2026 H.I.G. Capital, a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that its portfolio company, PolarDC Group Limited, has successfully raised a EUR 800 million senior secured bond in the Nordic bond market, through its wholly owned subsidiary, PolarDC Finance NO1 AS.
Japan is on the verge of repeating the policy mishap that led to decades of economic stagnation as Iran war-induced inflation risks forcing the central bank to raise rates aggressively if it doesn't act on time, former Bank of Japan board member Makoto Sakurai said on Monday.
* Stagflation inevitable in Japan, ex-BOJ member Sakurai says. * Forgoing June rate hike could force rapid increases later. * Inflation may accelerate to around 3.5% from autumn, Sakurai says. By Leika Kihara.
ICL Group Ltd. (ICL) hereby announces that it has commenced an offering of new unsecured senior notes, the amount and terms of which have yet to be determined. If the Offering is completed, the Notes that are issued will be rated.
The Bank of France will revise down its estimates for 2026 economic growth when it updates its forecasts in mid-June to reflect "the bad surprise" of the first quarter, the outgoing head of France's central bank said on Monday.
Euro area government bond yields rose on Monday as investors stayed wary of a potential U.S.-Iran deal to reopen the Strait of Hormuz, a development that could ease inflation pressures and reduce expectations for European Central Bank tightening. Borrowing costs tracked moves in oil prices, which were up 1.5% on Monday but below $95 and seen as a proxy for future inflation.
India's manufacturing sector expanded at its fastest pace in three months in May on sustained demand even as cost pressures were among the most intense in nearly four years and business optimism softened to its lowest since February, a survey showed on Monday.
* China outlines legal basis for unwinding completed foreign investment deals. * Rules designed to prevent 'Singapore-washing', overseas talent transfer in sensitive sectors. * Beijing can punish foreign firms if their home country restricts Chinese investment. By Laurie Chen.
* Private survey shows China's factory activity expanded in May. * South Korea's PMI hits fastest pace in five years. * Japanese firms saw input costs surge in sign of war impact. By Leika Kihara.
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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