TICC Capital (NASDAQ: TICC) has sold a new baby bond issue with a coupon of 6.50%.
The state of California’s early order period, in which municipal bonds are made available to individuals on a first-priority basis, is today.
An offering in the news …
CALIFORNIA ST MUN FIN AUTH REVENUE OID
REF-CMNTY MED CENTERS-SER A
Interest Rate: 4.00%
Call Features: 2/1/2027 @ 100
Yield to Call: 4.00%
Yield to Maturity: 4.00%
US Fed likely to raise interest rates at upcoming meetings, Yellen says.
In the news …
High-yielding, low-volatility ETFs.
SPHD, SPLV, EFAV, IDLV
Of course, like beauty, “protection” is in the eye of the beholder.
The 30-year fixed-rate mortgage averaged 4.30% during the December 22 week, up from 4.16% in the prior week. The 15-year fixed-rate mortgage averaged 3.52%, up 15 basis points during the week.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.32%, up from 3.19%.
Trump on Muni bond exemption.
“He’s the president-elect, and he said he would keep it,” said Tom Cochran, CEO and executive director of the U.S. Conference of Mayors, following a half-hour meeting with Donald Trump in New York.
U.S. mortgage rates hit four-month high
Philadelphia regional Fed lower
U.S. jobless-benefits claims increase
ECB says rates will be at present or lower levels ‘for extended period of time’
The economy created 156,000 new jobs in September, another solid gain in employment that’s likely to prod the Federal Reserve to raise interest rates in the next few months.
The Labor Department’s job openings and labor turnover survey showed 5.87 million openings, hires increased to 5.23 million from 5.17 million in June.