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Treasuries Rally Stalls as Jobless Claims Dent Rate-Cut Outlook

The Treasury market rally in anticipation of Wednesday’s Federal Reserve interest-rate cut hit a wall after weekly employment data cast doubt on the outlook for further reductions this year.

The Treasury market rally in anticipation of Wednesday’s Federal Reserve interest-rate cut hit a wall after weekly employment data cast doubt on the outlook for further reductions this year.
Bloomberg Markets • Sep 18, 04:21 PM
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S. Africa Central Bank Holds Rates After Lifting Growth Forecast

The South African Reserve Bank kept borrowing costs unchanged, even as cooler-than-expected inflation brought policymakers closer to their 3% target at which they now aim.

The South African Reserve Bank kept borrowing costs unchanged, even as cooler-than-expected inflation brought policymakers closer to their 3% target at which they now aim.
Bloomberg Markets • Sep 18, 04:21 PM
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Inter Ikea Names New CEO, Who Pledges to Keep Price-Cutting Plan

Inter Ikea Group, the global franchiser of the Swedish furniture brand IKEA, said Jakub Jankowski will take over as chief executive officer on Jan.

Inter Ikea Group, the global franchiser of the Swedish furniture brand IKEA, said Jakub Jankowski will take over as chief executive officer on Jan. 1, ending the five-year reign of company veteran Jon Abrahamsson Ring.
Bloomberg Markets • Sep 18, 03:18 PM
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Kosters Predicts Rate Cut Will Spur Private Credit Fund Sales

The Federal Reserve’s interest rate cut Wednesday and macroeconomic uncertainty could trigger selling by investors in private credit funds who are looking to rebalance their portfolios, according to Antares Capital’s Olga Kosters.

The Federal Reserve’s interest rate cut Wednesday and macroeconomic uncertainty could trigger selling by investors in private credit funds who are looking to rebalance their portfolios, according to Antares Capital’s Olga Kosters.
Bloomberg Markets • Sep 18, 03:18 PM
MA

Private Credit Firms Eye Public Companies as Their Next Target

For years, private credit firms have focused on financing private equity buyouts or closely held companies that had limited access to capital.

For years, private credit firms have focused on financing private equity buyouts or closely held companies that had limited access to capital. Now, they are zeroing in on their next frontier: Large public companies that want to diversify their funding mix.
Bloomberg Markets • Sep 18, 03:18 PM
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ECB’s Guindos Says Risk of Inflation Undershoot Isn’t Big

European Central Bank Vice President Luis de Guindos said the risk of undershooting the inflation goal isn’t elevated, even if the latest projections continue to show a period of price gains falling below 2%.

European Central Bank Vice President Luis de Guindos said the risk of undershooting the inflation goal isn’t elevated, even if the latest projections continue to show a period of price gains falling below 2%.
Bloomberg Markets • Sep 18, 03:18 PM
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US Judge Rules PDVSA Bonds Valid, Clearing Way for Citgo Sale

A federal judge in New York confirmed the validity of several bonds issued by Venezuela’s state-owned oil company, removing a major uncertainty in the court-ordered auction of Citgo’s parent.

A federal judge in New York confirmed the validity of several bonds issued by Venezuela’s state-owned oil company, removing a major uncertainty in the court-ordered auction of Citgo’s parent.
Bloomberg Markets • Sep 18, 03:18 PM