By Matt Tracy (Reuters) – U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased hopes for interest rate cuts and calmed recession fears. Investment-grade corporate bond spreads on Wednesday tightened by 3 basis points to 105 basis points …
US corporate bond spreads recover on promising economic data Read More »
By Rahul Trivedi BENGALURU (Reuters) -Thailand’s economic growth likely gathered a bit of pace in the second quarter thanks to higher government spending, but a tepid recovery in tourism and high household debt cloud the overall outlook, according to economists polled by Reuters. Southeast Asia’s second-largest economy was forecast to expand 2.1% in the April-June …
Thailand economy likely picked up some pace in Q2 Read More »
By Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentines, feeling the pinch of the world’s highest annual inflation rates, are feeling both hopeful and weary as monthly price increases dip to their lowest in over two years amid tough austerity measures under President Javier Milei. Inflation in July came in at 4%, Argentina’s INDEC statistics agency …
Weary Argentines have mixed feelings as world’s worst inflation eases Read More »
BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate stood at 4.0% in July, official data published on Wednesday showed, in line with a Reuters forecast and returning to slowdown after speeding up in June. Inflation in the 12 months through July stood at 263.4%, still the highest recorded in the world, a tick above the …
Argentina inflation slows to 4% in July after spiking month earlier Read More »
By Alden Bentley NEW YORK (Reuters) -Benchmark U.S. Treasury yields slipped on Wednesday after a benign July U.S. consumer inflation reading appeared to smooth the way for a Federal Reserve easing next month of at least 25 basis points amid lingering division over whether 50 bps is in the offing. The yield on the 10-year …
Yields mixed after CPI supports 25 bp Sept cut, with 50 bp not ruled out Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month. The report from the Labor Department on Wednesday marked the …
US annual consumer price increase slows to below 3% as inflation ebbs Read More »
(Reuters) -Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The deal comes at a time when the economy is seeing slowing demand that has prompted companies to exit ventures …
By Alden Bentley NEW YORK (Reuters) -U.S. Treasury yields declined on Tuesday after the release of a tame producer prices report that looked unlikely to divert the Federal Reserve from an easing path, with Wednesday’s consumer prices data set to fill out the inflation picture. The July Producer Price Index increased a less-than-expected 0.1%, after …
Yields fall after benign producer inflation data tees up CPI Read More »
NEW YORK (Reuters) – The World Bank issued a $225 million, principal-protected nine-year bond linked to reforestation in the Amazon, the global lender said on Tuesday, calling it the biggest outcome bond it has ever priced. The 2033 bond offers investors a return linked to the creation of carbon removal units from reforestation initiatives in …
World Bank prices $225 million bond linked to Amazon reforestation Read More »
By James Davey LONDON (Reuters) -UK grocery inflation edged higher this month for the first time since March 2023, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 1.8% in the four weeks to Aug. 4, versus 1.6% in the previous four week period. “Having reached its lowest rate in …
UK grocery inflation edges higher after 17 months of decline Read More »
