Fixed income

Financial institutions see an opportunity to nab scale after years of tepid dealmaking, but investors are pushing back against such efforts out of concerns about shareholder value.

Treasury market bulls and bears fought to a draw this week as conflicting private-sector data on the health of the US labor market left expectations for another Federal Reserve interest-rate cut in December in limbo.

The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.

Bank clients of Jack Henry's digital platform provider Banno can offer stock rewards programs directly to their customers via a partnership with Bits of Stock.

The Cleveland-based credit union recently launched a fractional stock rewards program for members ages 18 to 28 through a partnership with Bits of Stock.

Lynn Martin, NYSE's president, said the surge in retail investment bodes well for overall market health. 

Regulators hope changes to the supplementary leverage ratio will improve Treasury market function, but whether that happens depends in large part on how banks react and adapt.

Lenders have been an underdog in the broader market's rally. Now, with stress-test results and the easing of bank capital rules on the horizon, there's a chance for bank stocks to break out.

Ark Investment Management has offloaded about 1.5 million shares of Circle over four recent trading sessions, worth roughly $333 million, according to Bloomberg. Wood's firm as a whole remains the eighth-largest holder of Circle.

The stock started trading at $31 and closed Monday at $263.45. Circle has been the main beneficiary of the euphoria surrounding stablecoin regulations, as it is one of the few publicly traded companies with stablecoin-linked assets.

The Federal Reserve's vice chair for supervision said changes to the supplemental leverage ratio are needed to bolster the Treasury market and ensure banks are not incentivized to take on excessive risks.

The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.

The Treasury market experienced unexpected volatility in April after President Trump announced sweeping tariffs, but recovered after the moves were delayed. Some see that as proof of resilience in the market, but others say it highlights vulnerabilities.

This might deeply disappoint Wall Street investors who've been counting on a windfall if Fannie and Freddie are set free.

Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels.

The group, along with partners Avalanche, B2C2, Galaxy Digital, U.S. Bank and Wintermute created Lynq, a real-time, yield-bearing settlement network.

Bankers' surveys of commercial clients have found that corporate decision-makers are less concerned about adverse tariff effects than nervous investors.

Economic forecasts include the possibility of higher inflation and slower growth that could stall future cuts to the federal fund rates.

Treasury yields rose the day after President-elect Donald Trump was picked. The short-term result: It's harder for commercial real estate lenders and borrowers to find common ground.

Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.