Interest rates

HSBC to pay $100 million to settle LIBOR-rigging lawsuit

COURTS

COURTS

HSBC Holdings agreed to pay $100 million to settle an antitrust lawsuit by over-the-counter investors.
Corporate debt at $6.1 trillion, only one-third of equity valuations
Total debt issued by non-financial U.S. corporations at the end of 2017 was about $6.1 trillion, its highest level since the Fed began tracking the data in 1947.
Bank of England keeps U.K. interest rates at 0.5%, but managers expect an increase in May

Economy

Economy

The Bank of England's monetary policy committee kept U.K. interest rates at 0.5%, with money managers expecting an increase in May.
Stocks drop most in 6 weeks on trade war tension

Markets

Markets

U.S. stocks tumbled the most in six weeks and Treasuries rallied as investors shifted focus from the Federal Reserve to the threat of an escalating trade war.
Fed unanimously raises rates by 25 basis points, cites strengthening economy

Economy

Economy

The Federal Open Market Committee met market expectations Wednesday by raising the federal funds rate 25 basis points to a range of 1.5% to 1.75%.
Commentary: Will international institutional investors step up to fund the growing U.S. federal deficit?

INDUSTRY VOICES

INDUSTRY VOICES

The global financial markets have indeed entered choppy waters. Volatility is here to stay for the foreseeable future.
Better alignment of offerings and fees needed, conference delegates told

MONEY MANAGEMENT

MONEY MANAGEMENT

Money management firms must work harder to improve the value of offerings to asset owners, delegates at the 2018 PLSA meeting heard.
Commentary: Thanks to volatility, you can't always get what you want in investing

INDUSTRY VOICES

INDUSTRY VOICES

What's the big deal about higher volatility and why is it so bad for investors? Here's the reason.
ECB holds steady on rates, but asset increase pledge gone

Economy

Economy

The ECB kept key interest rates unchanged, but it removed a pledge to increase the size of its asset purchase program if needed.
U.S. bonds become less obvious choice for Japanese institutions

FIXED INCOME

FIXED INCOME

Rising hedging costs for Japanese investors in U.S. bonds could benefit European credit as well as emerging markets debt and private debt.
High-yield ETF bears wake for spring
Short intertest spiked amid the market volatility in the first half of February. High-yield bond funds saw notable shorting over the 15-day period as the high-yield spread jumped almost 60 basis...
Jerome Powell says strong outlook to prod Fed to review rate-hike path

ECONOMY

ECONOMY

Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year.
Fed minutes show optimism increasing at January meeting

MARKETS

MARKETS

Members of the Federal Open Market Committee declined to raise interest rates at their January meeting, but were more optimistic about the economy.