Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks to the economy.
* Sberbank raises 2026 commodity exports revenue forecast. * Sberbank forecasts 2026 GDP growth at between 0.5% and 1% * Sberbank expects central bank to accelerate rate cuts. By Gleb Bryanski and Elena Fabrichnaya.
Cemex priced a $1.5 billion offering of its 5.75% senior notes due June 5, 2036, at 99.572% of face value, the company said late Tuesday. Cemex expects the offering to close Friday and plans to use the net proceeds for general corporate purposes. MT Newswires does not provide investment advice.
* Euro zone composite PMI at 18-month low of 48.5 in May. * Price pressures worst in over three years. * Services reading edged up but remained in contractionary territory. * Data point to 0.2% quarterly GDP decline in second quarter - S&P Global.
IQVIA (IQV) plans to raise 950 million euros through an offering of senior notes due 2033, the company said Wednesday. The proceeds from the debt offering will be used to refinance other debt, the company said. MT Newswires does not provide investment advice.
* Global growth seen at 2.8% in 2026, 3.1% in 2027. * U.S. growth seen easing to 2.0% in 2026, 1.8% in 2027. * Global outlook weakens if war persists into 2027. By Leigh Thomas.
India's dominant services sector grew at its fastest pace in six months in May on a pick-up in domestic demand, even though global orders stayed below last year's average and business confidence slipped for a second straight month, a survey showed.
A peace deal between the US and Iran before next week's European Central Bank meeting would not derail the case for raising interest rates, Belgian central bank chief Pierre Wunsch told the Financial Times in an interview published on Wednesday. "If a peace deal is confirmed just before the meeting, it will be part of the discussion.
China's services activity expanded at the fastest pace in three months in May, helped by stronger growth in new business and a rebound in overseas demand, though rising cost pressures weighed on firms, a private-sector survey showed on Wednesday.
* New business and export demand drive fastest services growth in three months. * Service providers add jobs as outstanding business rises. * Input cost inflation hits highest since October 2024.
Japanese government bond yields rose across the curve on Wednesday, supported by firmer Bank of Japan rate-hike expectations and a global backdrop of elevated yields. Here are a few details: * The benchmark 10-year JGB yield climbed 2 basis points to 2.585%. Yields move inversely to bond prices.
Bank of Japan Governor Kazuo Ueda will deliver a closely watched speech on Wednesday that could reveal his thinking on the prospects of a June rate hike, as surging fuel costs from the Iran war broaden price pressures in an already fragile economy.
Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. * The S&P Global final Japan Services Purchasing Managers' Index fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak.
Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently.
Federal Reserve Chair Kevin Warsh has tapped two conservative policy veterans, Paul Winfree and Daniel Heil, to advise him while he settles into the job, the Wall Street Journal reported on Tuesday, citing sources.
The status of the war in Iran is confusing, Hennion & Walsh's James Pruskowski said, but high absolute rates are giving the muni market a strong start to June.
Issuers using cash basis accounting pay a yield premium to sell bonds, according to a new paper, and their bonds are less likely to trade in the secondary.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0500 per share of common stock, payable on July 1, 2026 to shareholders of record at the close of business on June 16, 2026. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
J-Star Holding Co., Ltd. (YMAT) today outlines foundational milestones supporting its proposed $122.5 million solid-state battery manufacturing facility in Baytown, Texas: a Taiwan Central Bank authorization supporting a proposed $60 million outbound investment, and a formal site commitment from the Baytown West Chambers County Economic Development Foundation.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis point...
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.9% to $67,131, and the yield for 10-year US Treasuries decreased 2 basis poin...
Based on data from the Real Estate Board of Greater Vancouver, National Bank of Canada's preliminary estimate is that seasonally adjusted home sales edged up 0.5% from April to May, the first increase in three months.
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack says inflation pressures may require action soon. * Oil prices choppy on report that Iran reviewing agreement. By Chuck Mikolajczak.
The quartet of accelerated deals is among at least 25 additional unique credits above $100 billion coming to market, a major contributor to the surging supply of $18 billion to $20 billion this week.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
Twenty Scholarships Worth Up to $200,000 Will be Awarded to Students Pursuing Advanced Degrees Through The Bridging the Dream Scholarship for Graduate Students The Sallie Mae Fund Also Offering Scholarships to Help Undergraduate Students Complete Their Education Through its Completing the Dream Scholarship Program NEWARK, Del.
Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF increasing 0.1%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
Market Intelligence analyst Jeff Lipton notes that coupon selection is often a strategy decision, not a price preference, and explains why premium coupons can help mitigate adverse price moves while giving investors flexibility through higher ongoing tax-free income.
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack warns inflation pressures may require action soon. * Oil prices subdued on report Iran reviewing agreement. By Chuck Mikolajczak.
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Farmers Fire Insurance Company.
SHERIDAN, Wyo. Growing globalization, cross-border e-commerce, and expanding international trade volumes are driving strong growth in the freight forwarding market, according to Mayur Jain, Market Research Expert at Wissen Research.
Senior bonds priced at the tightest spreads in public-rated HEI securitizations SAN DIEGO, June 2, 2026 ?Splitero, the financial technology company that provides homeowners with better options to access their home equity, today announced the closing of a $296 million rated home equity investment securitization.
* Bank of Israel chief cites falling oil prices, stronger shekel as drivers of lower inflation. * Business leaders criticize high rates, say strong shekel harms economy. * Yaron says economy resilient post-conflict, main drag from labour supply constraints. By Steven Scheer.
Federal Reserve Bank of Cleveland President Beth Hammack warned on Tuesday that even an imminent end to the Middle East war will result in extended disruptions to the economy.
Based on most verified consumer reviews, debt settlement leader secures award for best customer service, process, staff experience, value for price NEW YORK, June 2, 2026 National Debt Relief, the industry leader in debt settlement and provider of the top-rated debt relief solution in the U.S.*, today announced it earned four 2026 Buyer's Choice Awards from ConsumerAffairs, a leading consumer r...
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Scores, according to ICE Climate Data. A $16 million offering from Greenpoint Union Free School District, N.Y., records a Flood Risk Score of 5.0 out of 5.0, ICE reports.
Dorman Products (DORM) has commenced a private offering of $450 million in senior notes due 2034, the automotive aftermarket supplier said Tuesday. The notes will be guaranteed by Dorman's domestic subsidiaries, with pricing terms to be determined later.
Cleveland Federal Reserve President Beth Hammack said on Tuesday the U.S. central bank may need to raise interest rates soon should already-high inflation pressures continue to mount.
Home price growth continues slow and steady year-over-year growth in April 2026. IRVINE, Calif. This press release features multimedia. ?Market strength suggests that some buyers remain insulated from mortgage-rate volatility and are supported by substantial home equity and stock market gains,? said Cotality Chief Economist Dr. Selma Hepp.
* U.S. 10-year Treasury yields down more than 1% * Oil prices fall after Trump says talks with Iran are ongoing. * Lebanon announces partial ceasefire between Israel, Hezbollah. By Noel John. Gold rose 1% on Tuesday, buoyed by lower U.S. Treasury yields, while weaker oil prices eased fears of higher inflation and elevated interest rates. Spot gold rose 1% to $4,528.67 per ounce by 1136 GMT.
While 70% of consumers trust nonprofit credit counseling, nearly half are unaware of the most effective solution for the $1.3 trillion national debt crisis: The Debt Management Program. FORT LAUDERDALE, Fla. Awareness and Trust Gap Collide Most respondents view nonprofit agencies as trustworthy, but they still rely on web searches or personal networks for advice.
Israel's short-term interest rates could fall at a faster pace if inflation continues to ease, Bank of Israel Governor Amir Yaron said on Tuesday. Yaron, speaking at an Israel Democracy Institute conference, noted that since the last interest rates decision on May 25, expectations of a ceasefire deal with Iran have increased, leading to lower energy prices and a stronger shekel versus the dollar.
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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