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SRG

Seritage Growth Properties has made a voluntary prepayment of $200 million towards its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 10:58 am

SPY

President Biden expressed optimism about the prospects for the passage of a debt ceiling deal, which could prevent a potential default on U.S. government debt.

Portfolio Pulse from Charles Gross

May 29, 2023 | 6:49 pm

BNO

GLD

IAU

VDE

President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal on the borrowing limit, causing oil prices to rise and gold prices to fall. The United States Brent Oil Fund (BNO) closed 1.21% higher, while the Vanguard Energy Index Fund ETF (VDE) lost 0.42%. Gold prices dropped with the SPDR Gold Trust (GLD) closing 0.4% higher and the iShares Gold Trust (IAU) gaining 0.44%.

Portfolio Pulse from Bhavik Nair

May 29, 2023 | 3:28 am

SHY

VGSH

President Biden and House Speaker Kevin McCarthy have reached a tentative deal on the debt ceiling, leading to an expected issuance of over $1 trillion of Treasury bonds by the end of Q3. This may cause short-term yields to rise, impacting households and businesses as banks increase lending rates.

Portfolio Pulse from Bhavik Nair

May 29, 2023 | 1:28 am

SPY

The White House and Republicans have reached a deal to avert a historic U.S. default, according to Bloomberg. This agreement will prevent a potential financial crisis and maintain the country's credit rating.

Portfolio Pulse from Happy Mohamed

May 28, 2023 | 12:56 am

SPY

US Treasury Secretary Yellen announced the extraordinary measure of swapping $2B of Treasury securities between the Civil Service Retirement Fund and Federal Financing Bank to free up borrowing capacity.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:24 pm

SPY

U.S. Treasury Secretary Janet Yellen warns that projected resources will be inadequate during the week of June 5, when $92 billion of payments and transfers are due.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:22 pm

GOVT

The International Monetary Fund (IMF) warns of persistent inflation in the US if the job market does not soften and monetary policy remains tight. The IMF expects the federal funds rate to stay in the 5.25%-5.5% range until late 2024. The Fund also highlights systemic risks related to the federal debt ceiling and advises Congress to raise or suspend it.

Portfolio Pulse from Piero Cingari

May 26, 2023 | 8:21 pm

SPY

U.S. Treasury Secretary Janet Yellen warns that the U.S. could default on its debt as early as June 5 without a debt ceiling hike, moving the previous date from June 1.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 8:20 pm

NVDA

Cameron Dawson, CIO at New Edge Wealth, discussed the bond market's sensitivity to the Federal Reserve's actions and the shift in investor behavior from small-cap stocks to tech giants. She pointed to the hotter-than-expected PCE data as an indicator of a possible June rate hike and warned of stretched valuations in tech stocks.

Portfolio Pulse from AJ Fabino

May 26, 2023 | 5:24 pm