Can Canada Borrow Its Way to Wealth with the New Canada Strong Fund?
Prime Minister Mark Carney announced the Canada Strong Fund, a new sovereign‑wealth vehicle seeded with a $25 bn CAD ($18 bn USD) federal contribution financed through borrowing. The fund will be managed as an arm’s‑length Crown corporation and will invite retail investors to participate alongside private‑sector capital, focusing on domestic projects. Ottawa projects federal debt‑service costs to rise to about $80 bn CAD ($58 bn USD) by 2030‑31, raising concerns that the fund could add to fiscal pressures. Critics argue the debt‑financed approach mirrors Norway’s model but without its surplus funding, risking higher deficits.
Palomar Raises Target for Torrey Pines Re 2026-1 Catastrophe Bond to as Much as $410m
Palomar Insurance Holdings has increased the size of its Torrey Pines Re 2026-1 catastrophe bond to a target range of $380 million‑$410 million, up from the original $375 million request. The issuance comprises four tranches—three for California earthquake risk and one for Hawaii...
CIBC Global Asset Management Announces Expansion of CIBC Investment Grade Bond Funds Lineup Including Two New Laddered Funds
CIBC Global Asset Management announced the launch of five new CIBC Investment Grade Bond Funds and two laddered funds, each offered in Series A, F and O. All new funds, except the U.S. laddered version, have ETF series units now...
Cities Near Mumbai to Issue Bonds for the First Time, Bankers Say
Indian municipal corporations near Mumbai are moving into the bond market for the first time. Navi Mumbai plans a ₹1,000 crore (~$120 million) issuance, while Panvel will issue a smaller, still‑undecided amount. Both have secured high credit ratings—AA+ for Navi Mumbai and AA‑ for...
Jamie Dimon Gets Candid About National Debt: ‘There Will Be a Bond Crisis, and Then We’ll Have to Deal with...
JPMorgan Chase CEO Jamie Dimon warned that the United States could face a bond market crisis if policymakers delay action on the near‑$39 trillion national debt. He told Norges Bank Investment Management’s CEO that while he isn’t panicked, maturity of the...
Jamie Dimon Gets Candid About National Debt: ‘There Will Be a Bond Crisis, and Then We’ll Have to Deal with...
J.P. Morgan Chase CEO Jamie Dimon warned that the United States faces a looming bond market crisis if policymakers fail to address the near‑$39 trillion national debt. He said the Treasury’s $1 trillion‑plus annual interest bill signals mounting risk, and that geopolitical...
Convex Reduces Hypatia 2026-1 Retro Cat Bond Size Target to Between $150m – $175m
Convex Group has lowered its target for the Hypatia Ltd. Series 2026‑1 catastrophe bond to a retrocession range of $150 million to $175 million. The tranche of Class A notes will be priced at the midpoint of the original guidance, roughly a 5%...
DWS Lists Xtrackers II Global Government Bond UCITS ETF 4D in London
DWS listed the Xtrackers II Global Government Bond UCITS ETF 4D on the London Stock Exchange on 28 April 2026. The physically replicating, distributing ETF tracks the FTSE World Government Bond Index – Developed Markets and is denominated in USD with a 0.20% total expense...
Is Credit Now Impervious to the Middle East Conflict?
Credit markets have shown surprising resilience to the Middle East conflict, with Euro investment‑grade spreads widening only 10‑15 basis points before fully retracing. Higher swap rates have added 50‑60 basis points of extra yield, keeping demand strong despite lingering uncertainty....
Travelers Returns with $500m Target for New Long Point Re IV 2026-1 Cat Bond
Travelers Companies is re‑entering the catastrophe‑bond market with a $500 million target for the Long Point Re IV 2026‑1 issuance, a multi‑peril reinsurance deal covering the Northeastern United States. The bond will issue a single Class A tranche, attaching at $2.85 billion of losses...
Indonesia Telco Pivots to Private Debt After Public Bond Rethink
Indonesian telecom operator PT Solusi Sinergi Digital Tbk, known as Surge, has abandoned a planned public bond issuance due to tepid investor demand. Instead, the firm will raise about $300 million through privately placed senior secured notes with a limited group of investors. The...
Sharc Energy Closes Second Tranche of Debenture
SHARC Energy closed a second $300,000 tranche of unsecured convertible debentures, bringing total private‑placement proceeds to $600,000. The debentures bear an 8 % annual interest rate, mature in three years, and can be converted into common shares at $0.125 per share....
S&S Activewear’s Debt Ratings Downgraded on Weak Sales Trends
S&P Global Ratings cut S&S Activewear’s issuer credit rating to B‑ minus from B, citing soft revenue trends and elevated leverage. The company ended fiscal 2025 with 8.6‑times leverage and free operating cash flow to debt below 1 percent, reflecting...
Munis Cheapen, USTs End Mixed
Municipal bond yields fell across the curve on Tuesday as U.S. Treasuries posted mixed moves and equity markets closed lower. Analysts linked the muni decline to the Treasury market’s range‑bound behavior and the Federal Reserve’s likely decision to hold rates...
Sacramento School Bonds Dropped to Junk on Fiscal Woes
Fitch Ratings downgraded Sacramento City Unified School District’s issuer default rating to BB‑minus and its unlimited‑tax general‑obligation bonds to junk, while dedicated‑tax bonds remain investment‑grade. The agency cited rapidly depleting liquidity, eroding reserves and overspending that began in fiscal 2025...
How Mortgage Revenue Bonds Can Boost Your Portfolio
The article explains how state and local housing finance agencies issue mortgage revenue bonds (MRBs) to fund affordable single‑ and multi‑family housing, detailing their structures, credit quality, and market dynamics. It highlights that MRBs, backed by government‑pledged assets and often...
Park Capital's Latest RMBS Raises $380.8 Million
Park Capital is set to sell $380.8 million of residential mortgage‑backed securities (RMBS) through the PRKCM 2026‑AFC3 transaction, slated to close on May 5. The deal features five A‑1 tranches with coupons near 5.44% and AAA ratings, alongside lower‑rated A2, A3, M1 and...
Rates Spark: It’s Jay’s Day
The Federal Reserve expanded its balance sheet by adding $425 bn of Treasury bills, raising total securities holdings by $185 bn, then trimmed monthly bill purchases from $40 bn to $25 bn, signalling comfort with liquidity. Incoming Fed chair Kevin Warsh aims to speed...
Seeking Fixed Income Solutions? Give Municipals a Chance
Advisors are urged to reconsider municipal bonds as a core fixed‑income allocation amid a volatile macro backdrop. With a new Federal Reserve chair expected later this year, the prospect of additional rate cuts could depress cash yields, making tax‑exempt muni...
Bond Insurance Usage Rises Nearly 5% in Q1
Bond insurance volume rose 4.9% year‑over‑year to $7.704 billion in Q1 2026, covering 350 deals. The two largest municipal insurers, Assured Guaranty and BAM, together accounted for the entire market, but Assured’s share slipped to 53.1% while BAM’s grew to 46.9% with...
Push to Expand Financing Tools, Like PABs and TIFIA, for Ports
The Trump administration’s Maritime Action Plan calls for expanded financing tools for U.S. ports, including a national volume cap on private activity bonds (PABs) and access to the Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program. Attorneys from Squire...
Take a Fresh Approach to the ‘Agg’ With This Bond ETF
The American Century Multisector Income ETF (MUSI) turned five in June, offering an actively managed alternative to passive aggregate bond funds. With an effective duration of 5.73 years, the fund sits in the intermediate‑term segment that historically shows low correlation...
JBND: Active Management Cannot Fix Structural Risk
JPMorgan Active Bond ETF (JBND) merges intermediate‑duration Treasuries, agency mortgage‑backed securities with negative convexity, and investment‑grade credit at historically tight spreads. The fund’s structure forces downside risk rather than diversification, and the traditional carry premium no longer offers adequate protection....
Vanguard Adds to Its Fixed Income Model Portfolio Menu
Vanguard has introduced a new suite of ten Target Maturity Corporate Bond ETFs, expanding its fixed‑income model‑portfolio menu. The ETFs combine the diversification and liquidity of exchange‑traded funds with defined‑maturity characteristics traditionally found in individual bonds. Each fund carries a...
BNDI: Bonds And Equity Spreads ETF, Above-Average 5.7% Yield, Great Track-Record
BNDI (Bonds And Equity Spreads ETF) blends investment‑grade bonds with equity option spreads to enhance income. The fund delivers a 5.7% dividend yield, notably higher than its benchmark, which has driven superior long‑term total returns. While equity drawdowns can cause...
Abrdn Ultra Short Municipal Income Fund Q1 2026 Commentary
abrdn Ultra Short Municipal Income Fund posted a 0.57% return in Q1 2026, lagging its Bloomberg Municipal Bond 1‑Year Index benchmark by 0.07 points. The fund kept a short‑duration stance, emphasizing short‑term bonds and variable‑rate securities, while multi‑family housing allocations weighed...
Texas Voters Weigh $78.48 Billion of Bonds on May 2
Texas voters will decide on $78.48 billion of local general‑obligation bonds on May 2, the largest May‑month package in state history. The ballot features a $6.24 billion Dallas Independent School District proposal, $65 billion from municipal utility districts, and measures from five cities totaling...
Bond ETFs Take on Expanded Role as BlackRock Report Highlights Shift in Portfolio Construction
BlackRock’s new report declares bond ETFs no longer peripheral but central to modern portfolio construction. Higher global yields and expanding alternative assets are prompting investors to treat fixed‑income ETFs as income anchors, liquidity engines, and stabilizers. Global bond‑ETF assets have...
NavPoint Loads Up on Bonds -- Adding $3.5 Million Worth of VPLS in Q1
NavPoint Financial disclosed a $3.5 million purchase of 45,086 additional shares of Vanguard Core‑Plus Bond Fund (VPLS) in Q1 2026, raising its stake by more than 50 % to roughly 132,000 shares. The addition lifts VPLS to 4.2 % of NavPoint’s 13F‑reported assets under...
Government Borrowing Costs Soar as Iran War Drags On
UK government borrowing costs have surged to their highest level since the 2008 financial crisis as oil prices spiked following the Iran‑Israel conflict. The 10‑year gilt yield breached the 5% mark for only the third time since the war began,...
UK Bond Selloff Sends 10-Year Yield Back to 5% Ahead of BOE Meet
UK government bond yields have surged, with the 10‑year benchmark climbing back above 5% for the first time in a month. The rise follows six of seven trading sessions up, adding roughly 30 basis points in under two weeks. The...
3 Diversified Bond Mutual Funds for Stable Portfolio Growth
Zacks highlights three top‑ranked diversified bond mutual funds—Federated Hermes International Bond Strategy (FIBPX), Goldman Sachs Dynamic Bond (GSOPX) and iShares U.S. Intermediate Credit Bond Index Fund (BICBX)—each holding a Zacks Rank #1 Strong Buy. Over the past three years, FIBPX...
Bank of England Rate Decision Puts UK Borrowers in a Cost-of-Money Trap
The Bank of England is set to announce its April 30 decision with the Bank Rate unchanged at 3.75% as UK CPI climbs to 3.3% year‑over‑year, driven by higher fuel costs. While the headline rate may hold, the MPC’s wording...
Treasury Yields Rise as U.S.-Iran Peace Talks Hit an Impasse
U.S. Treasury yields edged higher on Tuesday as the United States and Iran hit an impasse in peace talks. The 10‑year note rose to 4.356%, the 2‑year to 3.822% and the 30‑year to 4.960%, each gaining a few basis points....
Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts
The Federal Reserve is expected to keep its benchmark rate steady at 3.5%‑3.75% as Jerome Powell chairs what is likely his final meeting as Fed chair. Powell’s term as a governor runs until early 2028, but his successor, Kevin Warsh,...
Redwood Targets $1bn for Long-Duration Illiquid Credit Strategy
Redwood Capital Management is launching a new fund to raise roughly $1 billion for long‑duration, illiquid credit investments. The strategy will deploy capital continuously, allowing the firm to stay invested through extended restructuring cycles rather than concentrating on brief market dislocations....
Philip R Lane: Expanding the Supply of Euro Safe Assets
In a recent speech, Philip R. Lane highlighted the chronic undersupply of euro‑denominated safe assets, noting that Germany's Bunds serve as the de‑facto benchmark but are too limited in scale. He pointed to declining inter‑country spread volatility as evidence of...
Expanding the ILS Perimeter – New Risks, Markets, Capital: ILS NYC 2026 Video
Artemis hosted its tenth ILS NYC conference on February 6, 2026, attracting more than 450 attendees – the largest turnout in the series. A high‑profile panel, moderated by Kathleen Faries, examined how insurance‑linked securities are moving beyond traditional property catastrophe into casualty,...
Two Spirit Airlines Creditor Groups Back Trump Bailout Plan
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ICMA Publishes Its Semi-Annual Report that Provides Detailed Data on EU and UK Sovereign Bond Market Trading Activity
The International Capital Market Association (ICMA) released its H2 2025 European sovereign bond market data report, covering trading activity from 2022 through early 2026. Total notional trading volume reached €70.7 trillion (about $77 trillion), with €34.1 trillion ($37 trillion) traded in the second half of...
Intel US$6.5 Billion Bond Sale Signals Investor Hope in Turnaround
Intel raised $6.5 bn in a new bond offering that attracted roughly $50 bn of investor orders, the strongest demand seen this year. The proceeds will be used to repurchase a 49% stake in its Fab 34 joint venture in Ireland, a move...
Rates Spark: Snail’s Pace, but Getting There
The US 10‑year breakeven inflation rate has risen to 2.45%, edging toward the critical 2.5% level as oil prices climb amid the ongoing virtual closure of the Strait of Hormuz. Short‑term breakevens are outpacing longer tenors, reflecting heightened near‑term inflation...
Active ETFs Gain Market Share, Grow in Number
Active municipal bond ETFs are eclipsing passive offerings, with 110 active funds versus 56 passive as of 2025. Since 2020, more active ETFs have launched each year, and 2023 saw 23 new active products compared with nine passive. Although passive...
SoFi Raises $688.5 Million From Consumer ABS
SoFi has launched a $688.5 million consumer asset‑backed securities (ABS) program, SCLP 2026‑2, backed by a pool of near‑prime unsecured loans. The transaction is underwritten by BofA Securities and consists of four fixed‑rate note classes, with Class A AAA‑rated notes accounting for $515.9 million....
Q1 Highlights Appeal of Active Bond ETFs
The first quarter of 2026 saw broad losses across U.S. bond categories, leaving passive aggregate bond funds underwhelming investors. Morningstar highlighted that long‑term core bonds and high‑yield issues were the worst performers amid AI‑related risk aversion and the Iran conflict....
FOMC Preview: What Comes After Powell and What Should Investors Do?
The Federal Open Market Committee is expected to leave the fed‑funds target unchanged at 3.50%‑3.75% during its Tuesday‑Wednesday meeting, which will likely be the last chaired by Jerome Powell. Analysts focus on the upcoming transition to nominee Kevin Warsh, whose...
Calamos Brings Award-Winning Autocallable Income ETF Strategy to Global Investors with Launch of World’s First Autocallable UCITS ETF
Calamos announced the launch of the world’s first autocallable UCITS ETF, the Calamos Autocallable Income UCITS ETF, on April 27, 2026. The fund offers a single‑ticker, swap‑based exposure to a laddered portfolio of more than 52 autocallable notes, delivering an...
Firms Staff Up EM Bond Desks as Demand Grows
Emerging‑market bond ETFs are seeing a surge in institutional demand, prompting asset managers to expand dedicated teams. Allspring Global Investments recently acquired a GIA Partners group to oversee $1.1 billion of EM assets, joining PPM America and Lazard in similar hires....
Northeast Universities Find Bond Investors Amid Rocky Sector Trends
Northeast universities are tapping the municipal bond market despite a volatile April environment. The University of Massachusetts priced a $560 million refunding deal with yields from 2.5% to 3.8%, Quinnipiac issued $180 million of revenue bonds, and Adelphi raised $106 million, albeit after...
World Bank Launches $120 Million Ecosystem Restoration Bond Backed by Amazon Carbon Removal Deal
The World Bank raised $120 million through a new Spekboom Restoration Outcome Bond, the institution’s longest‑dated outcome bond maturing in 2040. The bond combines principal protection, a fixed coupon and extra returns tied to carbon credit sales under an Amazon offtake...