High-demand for catastrophe bond investments has compressed risk spreads somewhat, resulting in the overall yield of the catastrophe bond market falling back into single digits at 9.94% by the end of December 2024, according to the latest data from Plenum Investments.The catastrophe bond market yield had demonstrated typical seasonal traits through the Atlantic hurricane season, … Read more
Key Takeaways For cash sitting idle in the bank or money you want to keep liquid, you have plenty of options for making sure it earns a solid return. Banks and credit unions offer high-yield savings accounts, money market accounts, and certificates of deposit—currently paying up to 5.50% for a 6-month CD. Brokerages and robo-advisors … Read more
A series of strong economic reports on inflation and jobs have investors more concerned about inflation in 2025 than they were just a few months ago. Sticky inflation and a strong economy are reshaping the Federal Reserve’s outlook for rate cuts. Investors now see the Fed holding rates at a higher level for longer. Both … Read more
Text size British finance minister Rachel Reeves will begin a visit to China on Saturday, seeking to revive dialogue with the world’s number two economy in the shadow of financial tumult back home. Reeves, whose formal title is Chancellor of the Exchequer, is the most senior British government official to visit China since then-prime minister … Read more
Good news is again bad news. Investors got an unwelcome surprise on Friday from a hotter-than-expected jobs report, which sent stocks and bonds lower. Investors took the evidence of a robust and healthy labor market as fodder for an extended pause in rate cuts from the Federal Reserve—a scenario that tends to disappoint markets. “The … Read more
(Bloomberg) — Emerging-market money managers say it’s too early to sell Lebanon’s defaulted bonds even after they nearly tripled in value in recent months, as the appointment of a new president potentially opens the door for dollar flows, reforms and debt restructuring. Most Read from Bloomberg The sovereign bonds traded little changed on Friday after … Read more
A look at the day ahead in U.S. and global markets from Mike Dolan After a torrid start to the year for U.S. Treasuries and global sovereign bonds at large, Friday tests the ‘hot economy’ thesis by revealing just how tight U.S. labor markets still are as a new administration takes office in Washington this … Read more
DeFi protocol Usual cuts the fixed price of its bond-like USD0++ token. Many DeFi apps treated USD0 and its bond version as equal in value. Investors criticised Usual’s communication surrounding the change. Usual Labs, the firm behind stablecoin protocol Usual, changed the code for the bonds backing its USD0 stablecoin Thursday, plunging several apps that … Read more
I was 4 or 5 years old; it was Christmas Eve. I was at my grandparents’ house in the Albany Park neighborhood of Chicago. My mother, Kathleen, and her sisters—Maureen, Eileen, Patricia and Virginia Mary (we are Irish-American, of course)—were doing an elaborate performance of the carol “O Holy Night” for the family, replete with … Read more
(Bloomberg) — Power revenue bonds sold by Los Angeles’s municipal utility dropped on Friday amid the devastating wildfires in Southern California. Most Read from Bloomberg Prices on municipal debt issued by the Los Angeles Department of Water and Power have declined this week. The average spread on debt due in 2045 widened to 112 basis … Read more