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As the Federal Reserve implemented its second 0.75% rate hike in two months, the chair said the system is able to withstand any financial stability risks that rising rates might create. 

The yield on the two-year Treasury moved to be as much as 32 basis points higher than the 10-year yield, which slid in the wake of the Fed’s announcement that it was raising its overnight benchmark by 75 basis points.

Hyundai Capital America is seller and servicer on billions of auto ABS sold through the Hyundai Auto Lease Securitization and Hyundai Auto Receivables trusts.

The days when blue-chip firms borrow super cheaply for decades are gone, at least for now. Corporate treasurers have instead been turning more to commercial paper.

The deal’s average receivables balance, and collateral APR are both higher, but its WA FICO score has slipped, compared with the program’s previous deal.

The difference between rates on where three-month bills are now and where they will be in 18 months has tumbled about 95 basis points in July, the biggest monthly decline in data starting in 1996.

The Consumer Financial Protection Bureau said “time is running out” for military student loan borrowers to obtain debt relief under the Public Service Loan Forgiveness program.

The deal includes loans, for which Foursight has purchased insurance policies to cover any deficiency balances on the defaulted contracts and liquidation proceeds.

To bond investors hit by deep losses this year, it may mean any further pain will be short-lived, as a recession will spark the US central bank to cut rates next year.

Fitch lowered its outlooks to ‘neutral’ from ‘improving’ for the hotel, industrial and multifamily CMBS sectors while DBRS expects falling CMBS payoff rates.