Investments

US 10-year yields fell for a third day, down three basis points to 4.62%, reducing their premium over two-year peers to the lowest in almost four weeks.

Given Barnard's stature, and since the new leadership structure is not yet in place, Titan Square Mile said it would remove the funds from its Academy of Funds.

Coming into 2026, State Street expected yields to fall toward 3.5% or lower this year, but instead they've been on the rise.

Shareholders of XAI Floating Rate & Alternative Income should not support Octagon's removal as the fund's sub-adviser, Egan-Jones said, citing limited benefits to shareholders.

With Treasury yields out to the 10-year trading well above 4% and longer maturities sitting above 5%, investors are getting better compensated for holding bonds.

Unlike 2007, however, the Federal Reserve's benchmark is 150 basis points lower currently, suggesting investors are demanding even more compensation than at the start of the subprime debt woes.

Yields on Tuesday were higher by roughly two to four basis points across maturities, with the 10-year yield rising to touch its highest since late May at 4.64%.

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.