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Credit

SPY

U.S. Treasury Secretary Janet Yellen stated that the issuance of short-term bills is in line with recommendations from the Treasury Borrowing Advisory Committee. She emphasized that issuing short-term debt does not create a 'sugar high' for the economy.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:28 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that the objective in federal borrowing is to issue debt at the least cost over time. Market participants believe that short-term rates will come down.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:22 pm

AX

Axos Financial has stated in an SEC filing that there has been no material change in its credit performance since the last detailed credit update provided during the company's most recent earnings call.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:14 pm

AX

Axos Financial has filed a response to a short report by Hindenburg, claiming the report contains inaccuracies and misleading information. Axos reaffirms its strong credit performance and highlights its $5.22 billion CRE specialty lending with senior secured loan structures and fund partners including Carlyle, Related Group, and Fortress.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:11 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that the issuance of Treasury bills is in line with historical averages, indicating stability in the government's debt management strategy.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:08 pm

MVST

Microvast Holdings, Inc. (NASDAQ:MVST) shares are trading higher after announcing a $25 million corporate loan facility, with an initial $12 million draw. The loan, provided by the company's founder and CEO Yang Wu, will support U.S. operations. The company has streamlined operations, including workforce reductions, to ensure long-term sustainability. Despite a recent 45.13% drop in stock price over the past three months, Wall Street analysts generally view the stock as a Buy.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 6:27 pm

MVST

Microvast Holdings shares are trading higher following the announcement of up to a $25 million corporate loan facility.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:32 pm

TLT

ZROZ

Long-dated U.S. Treasuries are rallying due to weak economic data, leading to increased expectations of a Federal Reserve rate cut in September. The iShares 20+ Year Treasury Bond ETF (TLT) and Pimco 25 Year Zero Coupon U.S. Treasury Index ETF (ZROZ) have seen significant gains, breaking key technical levels.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 4:19 pm

MVST

Microvast Holdings, Inc. (NASDAQ:MVST) has secured a $25 million corporate loan facility from its Founder, Chairman, and CEO, Yang Wu. The initial $12 million draw will provide working capital for U.S. operations.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:38 pm

AX

EES

ZIG

Axos Financial (NYSE:AX) shares have dropped 12.01% following a short report by Hindenburg Research, which alleges problematic loan practices and underestimation of credit losses. The report suggests potential manipulation of credit metrics and highlights significant stress ahead for the company.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 2:14 pm