Streetbeat News

Credit

BLX

Bladex (NYSE: BLX) has successfully closed an $86 million syndicated loan to support Grupo Monge's business operations and extend its maturity profile.

Portfolio Pulse from

November 07, 2024 | 8:15 pm

FITBI

Fifth Third Bank has announced a decrease in its prime lending rate to 7.75%, effective immediately. This follows a previous rate change on September 18, 2024, when the rate was reduced from 8.50% to 8.00%.

Portfolio Pulse from

November 07, 2024 | 8:00 pm

AAAU

The US Dollar Index (DXY) remains strong despite the Federal Reserve's cautious easing, supported by rising Treasury yields. This sets the stage for a potential bullish trend in the Dollar Index.

Portfolio Pulse from

November 07, 2024 | 8:00 pm

MAIN

Main Street Capital (MAIN) reported Q3 2024 earnings with minor NAV outperformance and slight NII underperformance due to lower loan origination volumes. The company's credit risk remains manageable despite a slight increase in non-accrual loans. MAIN is trading at a 66% premium to NAV, making it less attractive compared to peers.

Portfolio Pulse from

November 07, 2024 | 7:30 pm

AAAU

The Federal Reserve has cut the federal funds rate by 25 basis points, citing risks to both sides of its dual mandate. This decision may impact various financial markets and instruments.

Portfolio Pulse from

November 07, 2024 | 7:30 pm

HIX

HIX, a high-leverage fixed-income CEF, faces more downside risks due to its high beta nature and reliance on unsustainable distributions. With credit spreads at historic lows, leveraging up is risky, and HIX's NAV is vulnerable in market downturns.

Portfolio Pulse from

November 07, 2024 | 6:45 pm

DLY

The Federal Reserve's historic 50 basis points interest rate cut has led to soaring interest rates. This has created a bargain opportunity for a closed-end fund with an 8.7% yield.

Portfolio Pulse from

November 07, 2024 | 5:00 pm

ANGL

The article discusses the challenges faced by high-yield bonds, particularly the 'fallen angel' problem, in the context of a strong economy and falling interest rates. This situation has been beneficial for investors in high-yield bonds.

Portfolio Pulse from

November 07, 2024 | 4:45 pm

AMC

AMC Entertainment plans to reinvest up to $1.5 billion in its theaters, but faces challenges balancing this investment with its debt repayments, as noted by Wedbush.

Portfolio Pulse from

November 07, 2024 | 4:30 pm

AHT

Ashford Hospitality Trust has refinanced its mortgage loan for the Marriott Crystal Gateway Hotel, securing a $121.5 million non-recourse loan with a three-year term and two one-year extension options.

Portfolio Pulse from

November 07, 2024 | 1:15 pm