For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. BRATISLAVA - Slovakia Central Bank Governor Jozef Makuch holds a news conference 1100 GMT. WEDNESDAY, SEPTEMBER 26.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
DHT Holdings Inc (DHT): * DHT HOLDINGS (DHT), INC. ANNOUNCES $50 MILLION SCRUBBER FINANCING. * DHT Holdings Inc (DHT) - INCREASED FACILITY WILL BEAR SAME INTEREST RATE EQUAL TO LIBOR + 2.40% * DHT Holdings Inc (DHT) - FINANCING IS STRUCTURED THROUGH AN INCREASE OF EXISTING $300 MILLION SECURED CREDIT FACILITY ENTERED INTO IN Q2 OF 2017.
The Canadian dollar weakened
against its U.S. counterpart on Monday, paring some recent
gains, as escalation of a trade dispute between the United
States and China weighed on the outlook for global ...
Tallgrass Energy LP (TGE): * TALLGRASS ENERGY PRICES OFFERING OF $500 MILLION OF 4.75% SENIOR NOTES. * UNITS PRICED OFFERING OF $500 MILLION OF 4.75% SENIOR UNSECURED NOTES DUE 2023 AT AN OFFERING PRICE EQUAL TO 100% OF PAR Source text for Eikon: Further company coverage:
The $37 billion in new supply of 2-year Treasury notes on Monday were sold at the highest yield at auction since June 2008 to the weakest demand since December 2008. Demand was lackluster despite low prices, notching the yield on the 2-year note up to 2.817 percent on Monday after the Treasury Department sale. The 2-year yield is a gauge of market expectations of interest-rate hikes.
The $37 billion in new supply of 2-year Treasury notes on Monday were sold at the highest yield at auction since June 2008. Demand was lackluster despite low prices, driving the yield on the 2-year note up modestly to 2.817 percent on Monday after the Treasury Department sale.
The euro rose to more than a
three-month high against the dollar on Monday after European
Central Bank chief Mario Draghi said he sees a vigorous pickup
in euro zone inflation, backing moves toward ...
Hoist Finance AB: * HOIST FINANCE AB ISSUES EUR250 MILLION SENIOR NOTES AND ANNOUNCES FINAL RESULTS OF TENDER OFFER. * ISSUANCE OF NEW EUR 250M 4.5-YEAR SENIOR UNSECURED NOTES AT M/S+250BP UNDER ITS EMTN-PROGRAMME Source text for Eikon: Further company coverage:
* BANK OF CANADA TO AUCTION C$2.6 BILLION OF 7-DAY T-BILLS ON SEPT. 25 Source text for Eikon: https://www.bankofcanada.ca/stats/cars/results/tb_cm_14701_fcft_20180925_103000.html.
By Kate Duguid. U.S. Treasury yields across maturities were steady on Monday afternoon having mostly recovered from early losses on a flurry of conflicting reports about whether Deputy Attorney General Rod Rosenstein, who is overseeing a Justice Department probe into Russia's role in the 2016 election, would leave his post.
The euro zone should be preparing for a big hit if the protetionist measures announced by the United States and China are implemented, the head of the European Central Bank said on Monday. "For the time being, we don't know what the final size of all this will, be but we know it's going to be big and we should do our best to be prepared," Mario Draghi told the EU Parliament in Brussels.
For details of the U.S. Treasury's auction of 4-week bills on Tuesday, see: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2018/A_20180924_1.pdf.
The euro rose to more than a
three-month high against the dollar on Monday after European
Central Bank chief Mario Draghi said he sees a vigorous pickup
in euro zone inflation, backing moves toward ...
Federal Home Loan Mortgage Corp : * FREDDIE MAC SEPTEMBER FORECAST: HOME SALES FADE DESPITE ROBUST ECONOMY. * FREDDIE MAC (FMCC) - ANTICIPATE THE 30-YEAR FIXED-RATE MORTGAGE TO GRADUALLY INCREASE AGAIN, AVERAGING 4.5 PERCENT THIS YEAR AND 5.1 PERCENT IN 2019. * FREDDIE MAC (FMCC) - NOW EXPECT TOTAL HOME SALES TO DECLINE 0.9 PERCENT TO 6.07 MILLION IN 2018, BEFORE INCREASING 1.8 PERCENT TO 6.18 MILLION IN 2019.
U.S. Treasury yields across maturities fell by around 2 basis points on Monday morning after Axios reported that U.S. Deputy Attorney General Rod Rosenstein had resigned in anticipation of being fired by President Donald Trump. Rosenstein verbally resigned to White House Chief of Staff John Kelly, the report said, citing an unidentified source with knowledge of the matter.
The European Central Bank has published its bond holdings as of Sept. 21: PSPP 2,075.9 billion euro. ABSPP: 26.957 billion euro. CBPP3: 258.784 billion euro. CSPP: 169.097 billion euro.
The European Central Bank sees a muted impact from Brexit on the euro zone's economy and financial markets, with the clearing of financial contracts the biggest area of concern, the ECB's President Mario Draghi said on Monday. "By and large, our estimates show that, on the real side of the negotiation, the impact should be, in the aggregate, quite muted," Draghi told the European Parliament.
Mexican annual inflation rose less than expected in early September, official data showed on Monday, supporting bets that the central bank will leave interest rates steady next week. Inflation in the 12 months through the first half of September rose 4.88 percent, the national statistics agency said.
The recovery in inflation expected by the European Central Bank is conditional on market interest rates staying low through the summer of next year, ECB President Mario Draghi said on Monday. Draghi described an acceleration in underlying inflation in the euro zone as "relatively vigorous" and expressed confidence that a pick-up in wage growth would continue.
Euro zone bond yields rose on Monday, with Germany's 10-year Bund yield hitting its highest since mid-June, with analysts citing European Central Bank President Mario Draghi's comments on wage growth and vigorous inflation. Germany's 10-year yield rose to 0.51 percent, up more than 5 basis points on the day.
The recovery in inflation expected by the European Central Bank is conditional on market interest rates staying low through the summer of next year, the ECB's President Mario Draghi said on Monday.
Business confidence among
Turkish manufacturers tumbled to a nine-year low this month and
two other measures of economic health also declined, data showed
on Monday, reinforcing expectations of a ...
Ghana's central bank kept its benchmark interest rate unchanged at 17 percent on Monday as expected, mindful of possible inflationary headwinds as the dollar strengthened, governor Ernest Addison said.
Tallgrass Energy LP (TGE): * TALLGRASS ENERGY ANNOUNCES OFFERING OF $400 MILLION OF SENIOR NOTES. * Tallgrass Energy LP (TGE) - INTEND TO OFFER $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2023 IN A PRIVATE PLACEMENT.
* Key week for world bond markets. * Italy govt must present budget targets this week. * Fed to hike rates this week, ECB's Draghi speaks Monday. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe.
* Ifo business sentiment index edges down to 103.7. * Economists had expected bigger drop to 103.2. * Strong domestic economy providing buffer. * Consumer spending strong as manufacturing lags. * Trade tensions, Brexit cloud growth outlook. By Michael Nienaber.
The French government's economic growth and public deficit assumptions underlying its 2019 budget are "plausible", France's independent fiscal watchdog said on Monday. The government said earlier this month that the public sector budget deficit was expected to rise to 2.8 percent of gross domestic product next year from 2.6 percent this year.
German business morale deteriorated slightly less than expected in September, a survey showed on Monday, suggesting that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy. The Munich-based Ifo economic institute said its business climate index fell to 103.7 after a revised 103.9 in the previous month.
* Key week for world bond markets. * Italy govt must present budget targets this week. * Fed to hike rates this week, ECB's Draghi speaks Monday. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe. Italian government bond yields rose on Monday, reflecting some unease among investors given this week's deadline for the new government to present its budget targets.
The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth.
* "Zombies" have low profitability & productivity, high debt. * Number of zombie firms has increased since 80s. * Zombie firms survive for longer in low rate environment. By Helen Reid.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/BOND ON THE RUN. U.S. Treasuries -- and maybe financial markets across the world -- are at a critical juncture. Is this the breakout, the reversal of the 30-year bull market, that some people have spent years predicting?
The U.S. Federal Reserve's anticipated interest rate hike this week will make cash the most attractive it has been in about a decade and end the era of stocks as the only game in town.
The U.S. Federal Reserve's anticipated interest rate hike this week will make cash the most attractive it has been in about a decade and end the era of stocks as the only game in town.
The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock global economic growth.
Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week's U.S. Federal Reserve meeting for guidance on future rate hikes. FUNDAMENTALS. * Spot gold inched down 0.2 percent to $1,196.51 by 0039 GMT, after falling as much as 1.3 percent on Friday on a stronger dollar.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. BISHKEK - National Bank of Kyrgyzstan holds board meetings on monetary policy rate.
Few have flexed their muscles in the U.S. bond market over the last 15 years quite like foreign central banks, who have played a major part in the bull run by recycling their trade surpluses and building up trillions of dollars of currency reserves. But that was when bonds were rising.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
Decades of falling interest rates have led to a sharp increase in the number of "zombie" firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. BISHKEK - National Bank of Kyrgyzstan holds board meetings on monetary policy rate.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily. MONDAY, SEPTEMBER 24 LONDON - Roundtable with Nestor Espenilla, Governor of the Bangko Sentral NG Pilipinas.
S&P Global Ratings: * S&P SAYS SPAIN 'A-/A-2' RATINGS AFFIRMED; OUTLOOK POSITIVE. * S&P SAYS EXPECT THAT SPAIN'S GDP WILL CONTINUE TO EXPAND FASTER THAN THE EUROZONE AVERAGE OVER 2018-2021. * S&P SAYS DESPITE RECENT RESTATEMENT OF BUDGETARY GOALS, GOVERNMENT DEFICIT IS TRENDING DOWNWARD & SPAIN CONTINUES TO RUN CURRENT, CAPITAL ACCOUNT SURPLUSES.
* MOODY'S SAYS CHANGES OUTLOOK ON MONTENEGRO'S RATING TO POSITIVE, AFFIRMS B1 RATING. * MOODY'S SAYS HAS CHANGED OUTLOOK ON THE GOVERNMENT OF MONTENEGRO'S B1 LONG-TERM ISSUER AND SENIOR UNSECURED DEBT RATINGS TO POSITIVE FROM STABLE. * MOODY'S SAYS FACTORS SUPPORTING THE RATING AFFIRMATION INCLUDE MONTENEGRO'S ELEVATED WEALTH AND STRONG INSTITUTIONS COMPARED TO SIMILARLY RATED PEER.
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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