Big Tech set to drive US corporate bond sales to annual record high, data shows

More U.S. home builders reported cutting prices in September as new-home sales sentiment ratcheted lower to close out the third quarter. The National Association of Home Builders (NAHB) and Wells Fargo updated their jointly developed Housing Market Index (HMI) on Wednesday, showing sharp declines in home builder confidence this month as sales conditions deteriorated for…

Yields on longer-term government debt declined from recent peaks on Wednesday following the U.S. Treasury Department’s announcement it would be “at least” doubling the size of longer-dated debt repurchases it makes in coming months. The announcement ultimately calmed a bond market sell-off that began earlier in the week and accelerated Tuesday. Yields on 30-year Treasurys…

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By Kathryn Mannie In the intervening years, raccoons had moved inand graffiti appeared on the walls. “Seeing this, it was like, OK, this is a big challenge,” Pelissero said. That day in 2018 was the former architect’s first day on the job as a design manager with the Toronto Community Housing Corp. and he had…

A weaker economy would normally be expected to pull bond yields—and fixed mortgage rates—lower. As Bruno Valko, RMG Mortgages’ vice-president of national sales and a longtime bond-market commentator, put it: “Bad economic news is usually good news for mortgage interest rates.” During a recent webinar, Valko explained that slower growth typically increases demand for government…

Micron Technology (MU +4.00%) stock is bouncing back, up 4.1% as of 2:14 p.m. ET on Friday, Nov. 6, after chip stocks got hammered on Thursday. The S&P 500 (^GSPC +0.46%) and the Nasdaq Composite (^IXIC +1.05%) are up 0.5% and 1.1%, respectively. MU – Micron Technology $682.68+$26.29 (+4.00%) NASDAQ · As of 1:05 PM…