The biggest US convertible bond issue in nearly two years confirmed that the asset class’s comeback is well underway, as companies seeking to lower the cost of their debt are rushing to beat the market’s looming holiday freeze.
Oil plunged as a highly-anticipated OPEC+ meeting drew to an underwhelming close, with market participants disappointed by smaller-than-expected cuts and hazy details surrounding quota enforcement.
Brazil will join the cooperation charter of the OPEC+ oil alliance, a move that won’t bind it to making production cuts.
Alberta more than doubled its projected budget surplus for this fiscal year to C$5.5 billion ($4.1 billion) as elevated oil prices and fast population growth swell government coffers with more revenue.
Even Ken Griffin is a little worried.
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