Investments

Yields on US 10-year debt were little changed at 4.14%. Two-year peers were also steady after tumbling the most in two months as the Fed lowered interest rates.

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

A dayslong slump in US government bonds has curbed risk appetite as traders grow cautious about the pace of monetary easing beyond Wednesday's meeting.

Aside from employment numbers that are still fluctuating, year-over-year inflation rates could remain persistent, sending Fed base rates north of 3%.

Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC.

The wagers reflect the potential for monetary policy easing to gather pace after chair Jerome Powell's term ends in May.

The move was fueled by BOJ Governor Kazuo Ueda talking up the prospects for a rate hike, leading money markets to lift the chance of a move on Dec. 19 to around 80%, from less than 25% one week ago.

The guidance to reject BlackRock, the city's largest money manager overseeing $42.3 billion of index funds for the pensions, follows a review of the firm's efforts to press companies to decarbonize.

Baby Boomers' annuities purchases continue to fuel banks' lending to collateralized loan obligations, asset-backed securities and special purpose entities.

Heading into the Thanksgiving holiday-shortened week, the benchmark Bloomberg Treasuries index is on track for a small gain in November after rising in eight of the prior 10 months.

The moves come despite Fed officials including Michael Barr voicing caution on lowering borrowing costs again in December given inflation is still above target.

Dislocation funds seek gains by snapping up beat-up assets of a company whose debt prices have slumped amid market turmoil or because of industry challenges.

The securities will mainly hold dollar-denominated floating-rate loans made to US companies. The unit aims to launch the fund in January.

Bessent spoke a week after Democrats won several key elections by zeroing in concerns over the cost of living, including housing, groceries, utilities and health care. Trump himself has rebuffed such concerns.

With borrowing costs near multi-year lows, median equity distributions for the securities reached an annualized rate of 12.1%, the lowest since 2020.

Investors have turned to private readings such as the Challenger, Gray & Christmas Inc. report showing companies announced the most job cuts for any October in over 20 years.

Previously, Kim was a managing director in J.P. Morgan Chase & Co.'s strategic investments group, where she managed a diverse portfolio of fintech investments.

Longer-dated notes led the decline, which was initially triggered by ADP Research data showing employment at US companies increased by more than forecast in October.

With debt offices slashing sales of longer-maturity debt, the recent drop in 30-year bond yields is likely to run further.

Yields on 10-year notes rose two basis points to 3.99% after falling the previous two sessions, while monetary policy-sensitive two-year notes held steady around 3.49% Wednesday morning.