Friday, November 22

Tag: Corporate Debt Instruments

Fitch to Withdraw Ratings on Country Garden Services
13Nov By adminNo Comments
World

Fitch to Withdraw Ratings on Country Garden Services

Nov. 13, 2023 12:16 am ETFitch Ratings will withdraw all ratings on Country Garden Services next month, a move that comes months after it downgraded the sister company of troubled Chinese property giant Country Garden Holdings.The ratings company said Monday it would drop coverage of CGS around Dec. 12 for “commercial reasons,” without elaborating.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Spotify Hit All the Right Notes
24Oct By adminNo Comments
Money

Spotify Hit All the Right Notes

Oct. 24, 2023 12:10 pm ETSpotify’s position as a middleman doesn’t always win it a lot of fans. But as the music streamer’s latest results show, that position isn’t as precarious as it seems. Spotify said Tuesday morning that it added six million new paying subscribers during the third quarter, which was well over the four million the company had forecast three months ago. It projected adding nine million new paying subscribers in the fourth quarter, topping the eight million analysts had been projecting. The company also predicted that it would end the year with more than 600 million monthly active users—a mix of paying subscribers and those listening to the service’s free, ad-supported tier. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cd...
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Bond Rout Drives 10-Year Treasury Yield to 5%
23Oct By adminNo Comments
Money

Bond Rout Drives 10-Year Treasury Yield to 5%

Listen to article(2 minutes)A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, extending a rout that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown. A critical driver of U.S. borrowing costs, the 10-year yield rose to within a few thousandths of a percentage point of 5% last week following an unexpectedly strong retail-sales report and comments from Federal Reserve Chair Jerome Powell that reinforced investor bets on stubbornly high short-term interest rates. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Mortgage Rates Hit 7.23%, Highest Since 2001
24Aug By adminNo Comments
Money

Mortgage Rates Hit 7.23%, Highest Since 2001

Borrowing costs have risen more than the benchmark Treasury yields they track, pushing up interest rates for buyersApplications for purchase mortgages dropped to their lowest levels since 1995, the Mortgage Bankers Association said this week. Chona Kasinger for The Wall Street Journal
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