Pizza Hut eyes bonds backed by franchise fees to aid buyout
A two-part sale was reached in June. Yum China Holdings agreed to buy the China-based business for $1.2 billion, while LongRange acquired the rest for $1.5 billion.
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Treasuries gain as oil retreat shores up confidence in Warsh Fed
While the Fed move was expected, Chairman Kevin Warsh's rhetoric on inflation drove up market-implied expectations for at least one more increase this year and as many as two more in 2027.
Stocks, bonds rise in countdown to Fed decision: markets wrap
Economists in a recent Bloomberg survey expected policymakers to hold their outlooks for unemployment and inflation largely unchanged.
Treasury yields above 5.25% change everything
There has been a stark change in regime when 10-year yields go much above 5.25%. After that point, the risks to bond volatility and hence stock vol and credit spreads markedly increase.
Bond traders price in two Fed hikes this year after CPI report
nterest-rate swaps showed traders ramped up bets on higher benchmark rates in the months ahead, with sticky price pressures seen pushing policymakers led by Fed Chairman Kevin Warsh to act.
Bessent’s U.S. debt buyback disappoints, sending yields higher
Thursday's purchases were under increased scrutiny as the first since Bessent unexpectedly announced that the department would "at least double" the size of operations previously penciled in at $2 billion.
Husband and wife plan sale of $37 billion credit firm Palmer Square
Palmer Square engaged bankers who have been fielding offers and whittling down a list of potential bidders.
Guggenheim seeks to reassure clients of commercial-paper unit
Some investors have looked to buy only shorter-term commercial paper from Guggenheim, while a smaller portion of backers have paused trading the firm's products
Wall Street risk complex defies rate threat after jobs data
Credit premiums remain subdued and downside protection across risky assets is still relatively cheap. Even the strain in market plumbing has been concentrated.
Treasuries rise after Fed’s Waller notes progress on inflation
Waller said he was "willing to support holding the policy rate at its current level" if inflation continued moving toward the Fed's 2% target.
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