Investing · Analysis
The 20-year auction drew a bid-to-cover of 2.73 against an average of 2.63; money funds hold $7.94 trillion while the average 12-month CD pays 1.76% against a 4.54% Treasury yield.
Investing
The advisory and asset management firm reported higher Financial Advisory and Asset Management revenue, while its adjusted compensation ratio rose to 69.9% from 65.5%.
Investing · Brief
The 2-, 5- and 7-year note sales total $183 billion, with a $30 billion 2-year floating-rate note on October 28; the September sales cleared at 4.787%, 5.033% and 5.085%.
Investing · Brief
Excluding $13.1 million of notable items, mostly costs of its pending merger with Intercontinental Exchange, earnings per share were $1.86, up 1%; revenue rose 1% to $210.4 million.
Investing · Brief
The exchange operator reported net revenue of $1.5 billion, up 13%, and returned $496 million to shareholders; $141 billion of net inflows came into its index products over twelve months.
Investing · Brief
The exchange operator said trading volume grew by double digits in all six asset classes and market-data revenue rose 20% to a record $243 million.
Investing · Brief
The alternative asset manager reported fee-related earnings up 6% to $1.6 billion and a dividend of $1.12 per share, according to its third-quarter earnings release.
Investing · Brief
The extra yield investors demand on investment-grade corporate bonds is 0.88 percentage point, near the top of its 2026 range, according to ICE BofA indexes published by the St. Louis Fed.
Investing · Brief
The $26 billion sale drew a bid-to-cover ratio of 2.41; the market's 5-year breakeven inflation rate rose to 2.45% on the day, according to the St. Louis Fed.
Investing · Brief
The $13 billion reopening drew a bid-to-cover ratio of 2.73 and indirect bidders took 57.7% of the offering, according to Treasury Department auction results.
Investing
It was the first close below 5% since September 22, according to Treasury Department data; 2-year and 30-year yields also fell as the Fed's next meeting approaches.
