Polar Asset raises $215 million for Canadian credit risk fund
The firm is also building a mortgage lending and securitization business focused on Alt-A residential mortgages, and is preparing its inaugural RMBS transaction.
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Behind Bessent moves, Wall Street sees a bond-market angst
Over the course of a week, he took steps that they see as aimed at easing pressure on the Treasury market after long-term rates surged to a 19-year high.
Mortgage rates in U.S. increase to 6.69%, highest since July 2025
The 10-year Treasury yield rose to the highest level in more than 18 months last week after Fed Chair Kevin Warsh gave conflicting signals about the US central bank's plans to control inflation.
Warsh’s faith in markets sidelines more nuanced Fed policy tools
Central bankers typically use their benchmark federal funds rate to steer the economy because it allows for a level of fine-tuning when the market is left to its own devices.
U.S. signals steady debt sales to 2027, offers ‘subtle change’
Officials expect to maintain current sales amounts for nominal interest-bearing securities — coupons — and floating rate notes "for at least the next several quarters."
Treasuries rise as falling oil prices ease pressure on Fed
Yields fell across maturities by four to six basis points, with the yield on the two-year note reaching the lowest level since July 20 and the benchmark 10-year yield at 4.62%.
Citadel Securities’ Shah says markets questioning Warsh’s plans
Shah said relying on markets to tighten financial conditions risks creating a negative feedback loop. Higher long-term borrowing costs encourage the Fed to wait longer before raising rates.
Costs to hedge against a deeper selloff in U.S. bonds are soaring
With worries that the Fed may not act quickly enough to tamp down inflation pushing 30-year yields to their highest level since 2007 in recent days, the cost of hedging against deeper losses is growing.
Mortgage rates in U.S. rise to 6.66%, highest level in a year
The property market has been held back in recent months by elevated borrowing costs, which had fallen below 6% in late February before the Middle East conflict boosted energy prices.
Citadel Securities’ Fed rate hike call adds to market angst
A hike would establish Warsh's inflation-fighting credibility, leading some, like Citadel Securities and PGIM, to assign a higher chance of an increase this week.
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