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Eagle Point Credit Company Inc. Announces Full Redemption of the 7.75% Series B Term Preferred Stock Due 2026 and 6.75% Notes Due 2027 and Partial Redemption of the 6.6875% Notes Due 2028
Eagle Point Credit Company Inc. Prices $87 Million Public Offering of Notes
Eagle Point Credit Company Inc. Announces Offering of Notes
BlackRock says the bond market is too aggressive in pricing the Fed's interest rate hike
BlackRock's chief fixed income strategist Scott Thiel pointed out that with inflation mainly driven by supply shocks, the market “went too far” at pricing interest rate hikes in 2022. Thiel said that BlackRock believes that the path for the Fed to raise interest rates is shallower than the market; the money market is currently pricing a 33 basis point hike in November 2022. BlackRock believes that high inflation will continue until 2022 and will not slow down. Thiel downplayed the stagflation scenario, saying there is still room for growth in the US economy. Although BlackRock expects the Fed to raise interest rates at a slower pace than the market, he said that because the current level is too
Hot Chinese stocks closed on Wednesday, showing a surge of nearly 42% in the orchid pavilion.
Hot Chinese stocks closed mixed on Wednesday, with a rally of nearly 42 per cent and an intraday rise of 70 per cent. Bit Mining rose by more than 14%, Thunderbolt by more than 6%, Cheetah Mobile by nearly 6%, Red, Yellow and Blue by nearly 5%, Sohu.com Ltd by nearly 4%, Bird Software by nearly 4%, City, Canaan Inc, 36 Krypton by more than 3%, Fangtian and Renren by more than 2%, NetEase Inc by nearly 2%, li Auto Inc. and Leju by more than 1%. Tuya Inc. is down more than 8%, MINISO Group Holding Limited is down more than 7%, JOYY Inc Group is down nearly 6%, TAL Education Group and Kaixin are down more than 5%, Yunmi Technology and Lian Technology are down more than 4%, Aiyi is down nearly 4%, elite education
Eagle Point Credit Company Inc. Announces 20% Increase in Common Stock Distributions for Fourth Quarter 2021