
Fitch downgraded John Fitzgibbon Memorial Hospital in Marshall, Missouri to a “D” rating from “C” and withdrew its issuer and bond ratings after the hospital defaulted on required debt payments. The default concerns principal and interest on 2010 bonds, and the bond trustee is preserving the debt‑service reserve to protect bondholders. The 60‑licensed‑bed acute hospital also runs a 99‑bed skilled‑nursing facility and several rural clinics, reporting $66.9 million in revenue for fiscal 2025. The downgrade signals heightened financial distress for the community health system.

Underwriting spreads for municipal bonds rose again in 2025, reaching an average of $4.30 per $1,000, up from $4.23 in 2024. Negotiated‑deal spreads increased to $4.64 while competitive‑deal spreads fell to $1.78. The uptick coincides with record issuance volumes—$586 billion in...
Fitch Ratings assigned an ‘A’ rating to Lee County, Florida’s airport revenue bonds, Series 2026, and affirmed the rating on existing bonds with a stable outlook. The rating reflects a balanced carrier mix serving a leisure‑focused market and enplanements that...
Cohu, Inc. posted a Q4 earnings miss despite a 34% surge in recurring bookings and over 12% revenue growth, keeping operating losses and margins under pressure. The company added $290 million of convertible debt, raising dilution concerns, while one‑time inventory charges...
S&P Global (SPGI) is a $133 billion market‑cap provider of credit ratings, benchmarks, analytics and workflow solutions. The company has raised its dividend for 53 consecutive years and trades at a 21.9× P/E, roughly 20% below its five‑year average, implying undervaluation....

Fleet Data Centers, the development arm of Tract, announced a $3.8 billion senior secured note issuance to fund a 230 MW data center campus in Reno, Nevada. The facility, built on a 252‑acre site, is 100 percent leased to an unnamed investment‑grade tenant...

The CBO projects publicly held U.S. debt will surpass 106% of GDP by 2030 and reach 120% by 2036. Average Treasury interest rates are expected to climb to 3.9% by the end of the forecast, outpacing nominal GDP growth that...
Vanguard launched the Multi‑Sector Income Bond ETF (VGMS) in June 2025, offering a 5.19% SEC yield and a low 0.30% expense ratio. Over the past eight months the actively managed fund outperformed the benchmark AGG by 93 basis points, delivering...

The Fixed‑Asset Securitization Tracker (FAST) released its February 2026 Definitions report, detailing the data fields used in automotive securitization tapes. The document supplies precise definitions, code tables, and cross‑references to related transaction disclosures. By standardizing terminology, the report aims to simplify...

Chicago Fed President Austan Goolsbee highlighted a mixed CPI report, noting a modest 0.2% month‑over‑month rise in headline inflation and a steady 2.5% year‑over‑year rate. While core inflation matched expectations, services inflation remains elevated, keeping overall inflation around 3% and...
Indian bond traders are pressing the government for buybacks as 10‑year yields climb despite a recent debt‑switch operation. The benchmark 10‑year yield rose to 6.6878%, up about five basis points after the Treasury swapped ₹755 billion of FY27 bonds for longer‑term...

US dollar primary market began 2026 with robust corporate issuance, totaling $56 bn in January, driven largely by technology, media and telecom (TMT) firms contributing $24 bn. Banks led the financial sector, printing $134 bn of senior non‑preferred bonds, a $20 bn year‑to‑date increase...

Almost €1 trillion of Dutch pension assets are slated to transition by 2027, but early hedge rebalancing has already begun. Smaller funds moved interest‑rate hedges in December 2025, while larger players like PMT and PFZW are timing their flows for the first...

The UK Treasury announced an update on the Digital Gilt Instrument (DIGIT) pilot, selecting HSBC’s Orion platform as the technology provider and Ashurst LLP for legal services. The competitive tender, launched in October 2025, aims to test distributed‑ledger technology for...

Anthony Pompliano, CEO of Professional Capital Management, argued on “Making Money” that the Federal Reserve should aggressively cut interest rates following the latest jobs report. He noted that the labor market remains solid but still offers room for monetary easing...
Commonwealth Bank of Australia reported a solid second‑half 2025 performance, with cash net profit climbing 6% and earnings per share increasing $0.19. The bank highlighted disciplined growth across its core retail and business segments despite cost‑of‑living pressures and global uncertainty....
NEOS MLP High Income ETF (MLPI) aims to deliver roughly 15% after‑tax yields by layering covered‑call premiums on a portfolio that mirrors the AMLP structure. The fund’s 100% return‑of‑capital distribution model defers taxes, boosting net income for investors. In addition...
Barings Participation Investors (MPV) is a high‑quality, income‑focused closed‑end fund delivering a 7.8% yield and solid dividend coverage. The fund’s floating‑rate private‑credit portfolio positions it to profit from future interest‑rate cuts. However, shares currently trade at a 21% premium to...
Ladder Capital (LADR) continues to position itself as a low‑volatility, conservatively managed CRE REIT, with management holding over 10% of the equity. The Q4 2025 report showed a miss on dividend coverage, yet the portfolio remains anchored by more than...
China Vanke, a state‑backed developer, announced a record 82 billion yuan ($11.8 billion) loss for 2025. The loss prompted the company to shrink its serviced‑apartment business, scaling back operations in Shenzhen under the Port Apartment brand. The move is part of a...

UK’s FTSE 100 slipped 0.3% after a string of negative corporate news. Energy giant BP announced a suspension of its share buyback programme and heightened cost‑cutting targets to fund oil production, while Standard Chartered saw its finance chief Diego De Giorgi...
Voya’s Strategic Income Opportunities Fund delivered outperformance in Q4 2025, surpassing its ICE BofA USD 3‑Month Deposit Index benchmark on a net asset value basis. The quarter was marked by heightened policy uncertainty due to a government shutdown, alongside market turbulence driven by a...
U.S. fixed‑income markets ended 2025 on a positive note as Federal Reserve rate cuts and cooling inflation lifted bond prices. Thornburg's municipal bond funds posted mixed returns, with the AAA curve flattening and short‑term yields rising while longer maturities fell....
Tradeweb Markets posted 12.5% year‑over‑year revenue growth in Q4 2025 and expanded its adjusted EBITDA margin to 53.2%, driven by strong volume gains in rates and derivatives. Early 2026 data shows double‑digit daily volume growth, supporting the firm’s high‑teens growth...

Country Garden shares rose about 1.8% after the Shanghai Stock Exchange issued a circulated criticism for delayed debt disclosures but stopped short of imposing fines. The regulator flagged failures across three reporting periods and recorded disciplinary action against the firm...
Robinhood held its Q4 2025 earnings call on February 10 2026, where CEO Vladimir Tenev and CFO Shiv Verma presented a solid financial rebound. Revenue rose 18% year‑over‑year to $1.2 billion and the net loss narrowed to $150 million, reflecting higher margin contributions from crypto...
The BNY Mellon Global Fixed Income Fund posted a 0.67% return in Q4 2025, lagging its Bloomberg Global Aggregate USD‑Hedged benchmark by 11 basis points. Japanese government bonds surged, pushing the 10‑year yield 42 bp above the 2% threshold for the first...
XOMA Royalty Corporation’s 8.375% cumulative preferred (XOMAO) trades at an attractive 8.3% yield, positioning it as a high‑income vehicle. The company added 24 royalty‑related assets in 2025, expanding its cash‑flow base from biotech milestones and licensing fees. Management highlights the...
Bristow Group (VTOL) is positioned for medium‑term growth, capitalising on robust offshore energy demand in Brazil, Africa and the Caribbean. Recent debt refinancing and stronger free‑cash flow have shored up its balance sheet, enabling planned share buybacks and a 2026...

LayerZero, backed by Andreessen Horowitz and Sequoia, unveiled Zero—a new blockchain built for traditional finance. The network leverages zero‑knowledge proofs to claim 2 million transactions per second at sub‑cent costs, far outpacing Solana’s 100k TPS limit. Wall Street heavyweights including Citadel Securities,...

China is directing state‑owned banks to cut U.S. Treasury holdings to roughly $750 billion by 2025, halving its 2010 peak. The reduction removes a major buyer from the market, shifting the financing burden toward Japan, the world’s largest foreign‑reserve holder. Japan’s...

Oxbridge Re Holdings has launched two new tokenized reinsurance sidecar tranches, T20-2027 and T42-2027, targeting 20% and 42% annual returns. The securities are issued on the Solana blockchain, replacing the earlier Avalanche platform. Prior token offerings delivered strong performance, including...

Arbol and Pollen Systems, backed by Esri and Omniris, have launched a parametric insurance product that fuses AI‑driven risk models with real‑time satellite, drone and field data. The solution leverages Esri’s GIS platform to deliver location‑aware insights throughout the policy...

Plymouth Rock, a northeastern U.S. insurer, has launched its first catastrophe bond, seeking $100 million of named‑storm reinsurance through the Tremont Re Ltd. Series 2026‑1 issuance. The Bermuda‑based issuer will sell a single Class A tranche with a three‑year term, an attachment point...

Solidum Partners says global warming will structurally expand ILS spreads. As natural disaster frequency and severity increase, traditional reinsurers face capital constraints under Solvency II, limiting their capacity. ILS instruments, being event‑specific and fully collateralized, can absorb tail risk, leading investors...
Interest rate risk in the banking book (IRRBB) is emerging as a top priority for banks and regulators across emerging market and developing economies (EMDEs). Monetary tightening and persistent macro‑volatility are making balance‑sheet exposures more fragile, exposing the limits of...

Decentralised climate platform dClimate has launched Tyche, a blockchain‑based marketplace that tokenises catastrophe reinsurance using ERC‑20 assets. The platform recorded $20 million of notional risk during last year’s hurricane season and relies on dClimate’s AI‑driven Aegis engine for real‑time pricing and...

UK bond markets reacted sharply on Monday after a series of high‑profile Downing Street resignations, with the 10‑year gilt yield climbing to 4.62% – a ten‑basis‑point surge that set a three‑month high. The departures, including communications chief Tim Allan and...
European investors hold roughly $8 trillion of U.S. Treasury debt, a quarter of the Treasury market, and recent geopolitical friction with the Trump administration has sparked talk of using those holdings as leverage. A Danish pension fund’s $100 million Treasury sell‑off highlighted...

The Financial Stability Board warned that leveraged trades in the short‑term repo market could spark fire‑sale dynamics, pressuring sovereign bond prices. It highlighted a $16 trillion global repo market, with hedge‑fund borrowing near $3 trillion—about 25% of their assets—often conducted with zero...

City AM’s Shadow Monetary Policy Committee, comprising nine independent economists, voted 7‑2 to keep the Bank of England’s base rate at 3.75%, citing persistent inflation and mixed business‑survey signals. Inflation for the year to December remains at 3.4%, above the...

Variation margin (VM) collateral, long dominated by cash, is facing pressure from higher funding costs, stricter regulations, and market stress, prompting firms to explore non‑cash alternatives. A Risk.net survey of 114 collateral specialists shows 57% of sell‑side and 33% of...

EY’s latest analysis shows 240 UK‑listed firms issued profit warnings last year, the lowest total since 2021 but the highest proportion citing policy and geopolitical uncertainty. About 42 percent of those warnings named regulatory flip‑flops, tariffs and wage hikes as profit‑dragging...

Repo clearing is gaining traction as market liquidity tightens and regulators push for more transparency. LSEG’s RepoClear head Michel Semaan discussed how mandatory clearing and new haircut rules could enhance resilience while potentially shifting liquidity. Buy‑side firms, including hedge funds...

The UK’s public sector net borrowing fell 38% in December 2025, a £7.1 billion reduction from the previous month. Over the full financial year to March 2025 the government borrowed £152.6 billion, with an additional £140.4 billion borrowed between April and November 2025....