US companies rush to issue corporate debt, busiest February ever
WASHINGTON, Feb 28 (Reuters) – U.S. companies with the highest credit ratings sold a record $144 billion of debt securities so far in February to get ahead of further potential interest rate hikes, meeting strong demand from investors looking to capitalize on a spike in yields.Investment-grade rated corporate bond issuance in February has been the […]
Morning Bid: Powell confesses ‘This time it’s different’
A look at the day ahead in U.S. and global markets from Mike Dolan.Jerome Powell calmed the horses, a bit.In attempting to parse last week’s blockbuster January jobs report, the Federal Reserve Chair on Tuesday reprised his take from last Wednesday’s policy meeting – essentially that another couple of Fed rate hikes were probably needed […]
Wall St gains over 1% after encouraging inflation data with Fed next
Nasdaq posts biggest January gain since 2001U.S. labor cost growth slows in fourth quarterExxon, UPS rise after results, Caterpillar slumpsFed decision on interest rates on WednesdayIndexes up: Dow 1.09%, S&P 500 1.46%, Nasdaq 1.67%NEW YORK, Jan 31 (Reuters) – Major U.S. stock indexes closed over 1% higher on Tuesday as labor cost data encouraged investors […]