Investments

Octagon Credit Investors is sending letters to shareholders urging them to resist efforts to have it removed as the day-to-day manager for the XAI Floating Rate & Alternative Income Trust, a CLO closed-end fund.

First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.

Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.

Signs of "overheating" in the U.S. economy mean interest-rate hikes are more likely there than in Europe, dimming the appeal of Treasuries.

That short-term yield, which closely tracks expectations for the Federal Reserve's monetary policy, rose as much as five basis points to 4.23%.

Newmarket Capital, an alternative asset manager launched six years ago, is actively engaged in facilitating structured finance solutions for multilateral development banks.

The yield on two-year Treasuries, which is the most sensitive to changes in monetary policy, fell 6 basis points to 4.11%, while the 10-year yield declined 2 basis points to 4.46%.

Nearwater Capital alums join competitors to service the financing industry niche, which will include CLOs sold to European investors.

From Capital Group to Insight Investment, Natixis and Pacific Investment Management Co., the message is the same: The sweet spot is the "belly," or the five-year area of the Treasury curve.

The strategy marks a new direction for Polar, which has historically invested in Canadian residential mortgage-backed bonds but has expanded into home lending and securitization.

Falling oil prices also ease pressure on the Fed to raise interest rates to fight inflation. Swap contracts priced in slightly lower chances of more than one hike in the next year.

All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.

The IPO comes on the heels of several listings by companies seeking to benefit from the rapid growth of AI.

The moves on Monday pushed yields lower on most tenors, led by shorter maturities that are among the most sensitive to changes in monetary policy.

The construction and building sector raises the most concern, but issues should remain manageable.

The New York Fed's open markets desk plans to conduct the reserve management purchases over the monthly period ending July 13 and conduct about $16.5 billion in reinvestment purchases over the same time.

Inflation accelerated again in May as the Iran war pushed up energy prices, outpacing wages for a second straight month. The consumer price index climbed 4.2% from a year earlier.

The catalysts for higher rates are strengthening even as President Donald Trump renews his calls for looser monetary policy on the eve of the first Fed policy meeting led by new Chairman Kevin Warsh.

Hansen will oversee all the firm's finance and operations.

Yields rebounded, trimming declines of two to three basis points across maturities, after the US Bureau of Labor Statistics' Job Openings and Labor Turnover Survey for April.