The changing shape of fixed income trading

Dave:Mortgage rates just climbed back over 6.7%. And while we’re all used to a lot of volatility in the mortgage market these days, here’s the part that should get your attention. It happened on the same day we got an inflation report that looked, at least on the surface, like good news. And that disconnect…

Pending sales of existing U.S. homes picked up slightly in August, though they remained subdued as high mortgage rates continue to suppress demand.  Processing Content An index of contract signings increased 0.3% to 71.2 last month, rising for the first time since May, according to National Association of Realtors data released Thursday. Economists surveyed by…

Lincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas. Dallas-based Lincoln will combine its Carolinas platform with Spectrum and will also include Spectrum’s northern and central Florida multifamily business, Lincoln said in a Tuesday press release. The companies say…

Co-op owners at Carnegie House avoided — at least, temporarily — a rent reset that would have more than quintupled the ground rent on their building.  A New York appellate court on Thursday overturned an arbitration award that would have allowed the owners of the land underneath 100 West 57th Street to raise the ground…

CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026. Evelyn Hockstein | Reuters OpenAI said it appointed longtime financial executives David Vélez and Robin Vince to its nonprofit and for-profit boards of directors, as the company marches closer to a…

Nasdaq-100 Posts Worst Month Since March 2025 Amid heightened AI-related scrutiny, volatile energy prices tied to the ongoing Iran conflict, and mounting uncertainty over the Fed’s policy path, equities were mixed in July, with the Nasdaq-100 declining roughly 7% for its worst month since March 2025. Although the S&P 500 finished the month down 0.1%,…