Investing · Brief
CME Group posts record Q3 volume of 29.4 million contracts a day; revenue up 13%
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.
Gustavo Peligrini
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Investing · Brief
Blackstone assets reach $1.37 trillion; distributable earnings fall 9% on lower gains
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
High-yield bond spread is 3.27 points, up from a 2026 low of 2.60 in August
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
Treasury's 5-year TIPS auction clears at a real yield of 2.367%, double a year earlier
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
Treasury's 20-year bond auction clears at 5.469%, the highest of the last 13 such sales
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
10-year Treasury yield falls 17 basis points to 4.96%, biggest drop since August 2024
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.