U.S. senators propose 25% tax credit for semiconductor manufacturing
A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
U.S. corporate junk-bond spread narrows, lowest since 2007
The yield spread between junk-rated corporate bonds and U.S. Treasuries tightened further late on Wednesday, falling to its lowest level in more than a decade as yield-hungry investors snapped up risky debt.
Canadian regulator lifts banks’ capital buffer to record, priming for post-pandemic world
Canada’s financial regulator raised the amount of capital the country’s biggest lenders must hold to guard against risks to a record 2.5% of risk-weighted assets, from 1% currently, in a surprise move that could pave the way for them to resume dividend increases and share buybacks.
Analysis: As Fed taper inches closer, investors prepare for volatility ahead
As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.
The great exit: central banks line up to dial back emergency stimulus
The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway’s central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus.
Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now
A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don’t bet on a repeat of the sharp selloff seen earlier this year just yet.
Explainer: How will EU ban on 10 banks from bond sales impact markets and banks?
LONDON, June 17 (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.
Bonds stung, dollar cheered by sudden hawkish turn at Fed
Asian equities fell to a three-week low on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.
Euronext resolves derivatives trading glitch after four-hour outage
Pan-European financial markets operator Euronext (ENX.PA) said on Thursday that it had resolved the technical glitches which knocked out index derivatives trading for nearly four hours earlier in the day.
SNB hikes Swiss inflation view but policy to stay ultra-loose
The Swiss National Bank on Thursday signalled monetary policy would stay ultra-loose for the foreseeable future, saying projected higher inflation was no reason to change course a day after the timetable for U.S. rate hikes moved forward.
