Financial News

Pilgrim’s Pride to Offer Senior Unsecured Notes

Pilgrim’s Pride to Offer Senior Unsecured Notes

Pilgrim’s Pride (PPC) said Monday that it is offering two series of senior unsecured notes, consisting of additional 5.750% senior unsecured notes due 2025 and new senior unsecured notes due 2027. The additional 2025 notes are being offered as additional notes under an existing indenture pursuant to which the company previously issued $500.0 million in aggregate principal amount of 5.750% […]

GoC Yield Mostly Lower

GoC Yield Mostly Lower

GoC yield are mostly lower, tracking alongside similar moves in Treasures that were in turn prompted by the German Bund as the long awaited election result saw German Chancellor Angela Merkel delivered a setback as her political position was weakened. The 2-year GoC is flat at 1.598%, having ticked higher from opening lows around 1.593%. The 5-year is at 1.803% […]

Bond Prices Follow Bund Higher – 10-Year 2.25%

Bond Prices Follow Bund Higher – 10-Year 2.25%

Treasury bonds were a little firmer Monday, led by the German Bund after a setback for German Chancellor Angela Merkel in the election, which weighed on euro, and following a surprise dip in the September Ifo business climate index. Though Merkel was re-elected, as was well anticipated, her position was weakened as she now faces tough coalition talks. The Bund […]

U.S. Futures Cautiously Lower Ahead of Speakers

U.S. Futures Cautiously Lower Ahead of Speakers

U.S. stock futures were trading cautiously lower on Monday ahead of a few Federal Reserve speakers later in the session and a couple of readings on the U.S. economy. Oil prices nudged higher with global benchmark Brent Crude up 1.58%, while U.S. crude, West Texas Intermediate, was up 0.91% recently after oil producers concluded their meeting in Vienna, noting that […]