Bonds

Stock Market Today: Dow Jones, S&P 500 Futures Fall As Trump Halts Iran Talks—Organon, SAP, Cheetah Net Supply Chain Service In Focus

Rishabh Mishra — Mon, 27 Apr 2026 09:00:07 +0000

U.S. stock futures fell on Monday, following Friday’s mixed close. Futures of the major benchmark indices were lower.

This week, investors will be closely watching the Federal Reserve’s meeting to gauge how the central bank is navigating interest rates amid the ongoing U.S.-Iran conflict.

Simultaneously, market-moving earnings reports from the ‘Magnificent 7 tech giants—including Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Microsoft Corp. (NASDAQ:MSFT)—will take center stage as Wall Street looks for returns on their massive AI investments.

Meanwhile, President Donald Trump announced on Saturday that he canceled plans for envoys to meet with Iranian leadership in Pakistan, citing divisions within Tehran. Trump's declaration that the U.S. has "all the cards" sent immediate ripples through the energy markets.

Meanwhile, the 10-year Treasury bond yielded 4.32%, and the two-year bond was at 3.79%. The CME Group's FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve leaving the current interest rates unchanged in its Wednesday meeting.

Index	Performance (+/-)
Dow Jones	-0.15%
S&P 500	-0.12%
Nasdaq 100	0.043%
Russell 2000	-0.08%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket on Monday. The SPY was down 0.083% at $713.35, while the QQQ surged 0.054% to $664.24.

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Stocks In Focus

Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) dropped 22.12% in premarket on Monday after the company announced a 1-for-200 reverse stock split.

Benzinga’s Edge Stock Rankings indicate that CTNT maintains a weak price trend in the short, medium, and long terms.

Organon

Organon & Co. (NYSE:OGN) jumped 15.01% after it said on Sunday ...

Full story available on Benzinga.com

VEON Boosts Accessibility for Investors by Waiving Depositary Service Fees on American Depositary Shares

Globe Newswire — Fri, 24 Apr 2026 06:47:34 +0000

Dubai and New York, April 24, 2026 – VEON Ltd. (NASDAQ:VEON), a global digital operator (the "Company" or "VEON"), announces that, effective January 1, 2026, BNY Mellon will not collect depositary service fees ("DSF") from investors that hold VEON's American Depositary Shares ("ADSs"). The suspension of DSF charges for investors effectively reduces the cost of ownership by USD 0.05 per ADS per year and enhances accessibility for both existing and prospective investors.

"VEON's steps to reduce the cost of ownership of ADSs and introduce a capital allocation policy that targets to return at least USD 100 million annually through share buybacks are both responses to our ongoing dialogue with investors," said Kaan Terzioglu, Chief Executive Officer of ...

Full story available on Benzinga.com

Generating Income Opportunities In A High-Volatility, High-Interest Rate World: Why The BNDS Bond Income ETF May Deserve A Closer Look

Meg Flippin — Thu, 23 Apr 2026 12:23:41 +0000

The world may seem like it’s in chaos with war in Iran, volatility at fever pitch and oil prices soaring, but when it comes to the Federal Reserve's view of its interest rate policy, it appears to be steady as she goes, at least in the near term.

The steady as she goes mindset was the signal Fed Chairman Jerome Powell sent at the central bank's last meeting in January, even as the Fed stood divided. In prepared remarks, Powell said the committee is "well-positioned" to assess incoming data, noting they need to see more consistent evidence that inflation is moving sustainably toward their 2% goal before committing to further reductions.

Expectations on Wall Street were for the Fed to keep rates steady in the 3.5% to 3.75% range through April, with any cuts coming during the July meeting at the earliest. It could be pushed back to September or even further if inflation keeps rising, the war in Iran continues and disruptions in the Strait of Hormuz don't end.

On the other hand, while stock market volatility tends to drive many investors to seek out the relative stability of bonds, finding the right investment vehicle in the current interest rate environment can be a challenge – but there are options that may hold advantages.

Actively Managing The Wait With The Infrastructure Capital Bond Income ETF

The Fed's policy shouldn't be too much of a shock to the bond market, even though it complicates the path for bond price appreciation; however, for income-seeking investors, there are opportunities to be found through actively managed bond ETFs. That's because they can continually reinvest the proceeds from maturing bonds with lower interest into securities that pay higher rates. As a result, investors could potentially get higher monthly dividend payments, which is what income-seeking investors are after.

It’s the philosophy behind the Infrastructure Capital Bond Income ETF (NYSE:BNDS), which seeks to maximize current income, with a secondary objective to pursue strategic opportunities for capital appreciation. BNDS ...

Full story available on Benzinga.com

VEON's Banglalink to Bring Starlink Mobile to Customers in Bangladesh

Globe Newswire — Wed, 22 Apr 2026 07:00:00 +0000

Bangladesh becomes the third market where VEON and Starlink Mobile partner on bringing direct-to-device satellite connectivity to users

Dhaka, Dubai and New York, April 22, 2026 – VEON Ltd. (NASDAQ:VEON), a global digital operator ("VEON" or, together with its subsidiaries, "VEON Group"), announces that its Bangladesh subsidiary Banglalink has signed an agreement with Starlink Mobile to integrate Starlink's direct-to-device satellite connectivity in remote areas with Banglalink's terrestrial coverage in Bangladesh. Banglalink plans to launch messaging in 2026, and will then introduce data services as the next phase, pending regulatory approvals.

With the agreement, Bangladesh, one of the world's most densely populated nations with more than 175 million people, is now positioned to become VEON's third market to bring satellite-powered connectivity through VEON's partnership with Starlink Mobile. Launch of the technology will give Banglalink customers access to connectivity via Starlink Mobile satellites using standard 4G LTE smartphones.

This agreement follows the nationwide roll-out at Kyivstar in Ukraine, where more than 5 million unique customers have connected to the network at least once via Starlink Mobile satellites since the launch in November 2025, and the successful testing by Beeline Kazakhstan in December 2025, which marked the first WhatsApp call powered by Starlink's satellite connectivity in Central Asia. VEON's framework agreement with Starlink Mobile spans all five VEON markets, which together are home to more than half a billion people.

"This partnership is a powerful demonstration of our motto ‘For You' – we care for our customers and ...

Full story available on Benzinga.com

Ascendis Announces Redemption of All $575 Million of Outstanding 2.25% Convertible Senior Notes Due 2028

Globe Newswire — Tue, 21 Apr 2026 20:31:00 +0000

COPENHAGEN, Denmark, April 21, 2026 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (NASDAQ:ASND) today announced that it has called all $575.0 million aggregate principal amount of its outstanding 2.25% Convertible Senior Notes due 2028 (the "notes") (CUSIP No. 04351P AD3 / ISIN No. US04351PAD33) for redemption on May 6, 2026 (the "Redemption Date"). Ascendis' redemption right in respect of the notes arises pursuant to Section 4.03(B) of the indenture (the "Indenture"), dated as of March 29, 2022, between Ascendis and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as a result of the last reported sale price per ordinary share having exceeded 130% of the conversion price on each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on, and including, April 21, 2026.

Redemption Process
The redemption price will be payable on the Redemption Date in cash and equal to 100% of the principal amount of the notes outstanding on the Redemption Date, plus accrued and unpaid interest on such notes to, but excluding, the Redemption Date (the "Redemption Price"). For each $1,000 principal amount of notes, the Redemption Price will be equal to approximately $1,002.19. Unless Ascendis defaults in making payment of the Redemption Price, interest on the notes will cease to accrue on and after the Redemption Date.

For all notes surrendered in book-entry form, payment of the Redemption Price will be made through the facilities of The Depository Trust Company ("DTC"), and all redeemed notes in book-entry form will be surrendered for payment of the Redemption Price in accordance with the applicable rules and procedures of DTC.

Right to Convert the Notes
Holders of the notes may surrender their notes (or any portion thereof having a principal amount that is an integral multiple of $1,000) for conversion at any time prior to 5:00 p.m. (New York City time) on May 4, 2026 or, if Ascendis fails to pay the Redemption Price on the Redemption Date, such later date on which the Redemption Price is paid. To convert any note, the holder must comply with the applicable rules and procedures of DTC. Upon conversion, Ascendis will deliver ordinary shares, together, if applicable, with cash in lieu of any fractional shares, at the then-applicable conversion rate in accordance with the Indenture.

As of April 21, 2026, the conversion rate of the notes is 6.0118 ordinary shares per $1,000 principal amount of notes, which is equivalent to a conversion price of approximately $166.34 per ordinary share. Based on this conversion rate, an aggregate of up to 3,456,785 ordinary shares would be issuable if all of the notes are converted.

The sending of the notice of redemption to the holders of the notes constitutes a "Make-Whole Fundamental Change" under the Indenture, and therefore the conversion rate is required to be increased in accordance with the terms of the Indenture for notes surrendered for conversion during the period beginning on, and ...

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Wellbore Integrity Solutions (Private) Bonds: Double-Digit Yield On Strong Fundamentals

Julia Khandoshko — Tue, 21 Apr 2026 15:23:43 +0000

Company and Bond Overview

Wellbore Integrity Solutions (WIS) is a specialized provider of well intervention and plug-and-abandonment services in the oilfield sector. The company issued its debut senior secured bond in October 2025 (ISIN NO0013665794). The bond matures on October 2, 2029, carries a 12% semi-annual coupon, and has a current market price of around 95-96% of par (as of recent trading). This translates into a yield to maturity of approximately 13.25-13.50%. The outstanding amount is $125 million (with a total framework of up to $200 million), and the instrument carries no public rating.

Wellbore Recent Performance and Guidance

Publicly available information on full-year 2025 financials remains limited, as the company is private. In the period prior to the bond issuance, WIS demonstrated stable operations supported by a diversified geographic footprint. The company continues to benefit from its core well integrity services and is expanding its capabilities in geothermal drilling, which adds further resilience to the business. Management has ...

Full story available on Benzinga.com

Top US Insurance Regulator Warns Private Capital's Push Into Retirement Funds Is Creating Risks Retirees Can't See: Report

Tanya Rawat — Tue, 21 Apr 2026 10:19:02 +0000

Iowa’s top insurance regulator issued a stark warning Tuesday, saying a sweeping transformation in the U.S. retirement insurance industry has pushed policyholder funds into riskier, less transparent private market investments.

Iowa Insurance Commissioner Doug Ommen told the Financial Times that the shift began when private equity-backed firms like Apollo Global Management Inc. (NYSE:APO) took direct ownership stakes in insurance companies, redirecting premiums into higher-yielding private credit loans and complex structured securities rather than traditional government and corporate bonds.

Iowa state hosts $1.3 trillion in insurance assets and oversees $449 billion in reserve funds held with offshore reinsurers, per S&P data. Ommen acknowledged a tension at the heart of his own role. “I know the contracts a lot better than the balance sheet behind the contracts,” he said.

Offshore Liabilities, Onshore Policyholders

Insurers have offloaded more than $1 trillion in policyholder obligations to offshore reinsurance hubs, including Bermuda and the Cayman Islands. Ommen flagged ...

Full story available on Benzinga.com

Stock Market Today: Futures Climb After Record Day For S&P 500, Nasdaq On Growing Hopes Of Iran Deal— Allbirds, TSMC, PepsiCo In Focus (UPDATED)

Eva Mathew — Thu, 16 Apr 2026 12:53:56 +0000

(Editor’s note: The future prices of benchmark tracking ETFs, the economic data and the headline were updated in the story.)

Futures related to U.S. stocks ticked up in pre-market trading on Thursday, after the benchmark S&P 500 and tech-heavy Nasdaq Composite rose to fresh records in the previous session, as investors weighed signs of easing tensions between Washington and Tehran.

Sentiment was supported by growing hopes of a possible diplomatic breakthrough after President Donald Trump said in an interview aired on Wednesday that the Iran war was "very close to over" and that Tehran was eager to strike a deal. He also said that talks between Israel and Lebanon will take place on Thursday.

A White House official also told CNBC that a second round of U.S.-Iran talks was under discussion, though no date has been set.

Investors are also pricing in earnings before the bell from PepsiCo (NYSE:PEP), Travelers (NYSE:TRV), and Charles Schwab Corp (NYSE:SCHW), alongside weekly jobless claims and March’s industrial production data.

In a speech on Thursday, New York Fed President John Williams said that the Middle East conflict has introduced substantial risks and heightened uncertainty. He said the war is driving “significant increases in energy prices, which are already lifting overall inflation.”

Meanwhile, the 10-year Treasury bond yielded 4.283%, and the two-year bond was at 3.755%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.

Index	Performance (+/-)
Dow Jones	0.23%
S&P 500	0.13%
Nasdaq 100	0.19%
Russell 2000	0.30%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket trading on Thursday. The SPY was up 0.16% at $701.07, while the ...

Full story available on Benzinga.com

Roquette Successfully Prices its Hybrid Notes Issuance for an Amount of 600 million Euros

Globe Newswire — Thu, 16 Apr 2026 07:57:20 +0000

Roquette Successfully Prices its
Hybrid Notes Issuance for an Amount of 600 million Euros

Lille, 16 April, 2026 – Roquette, a global leader of plant-based ingredients and pharmaceutical excipients for the health and nutrition sectors, successfully priced an issue of EUR 600 million perpetual hybrid subordinated notes with a fixed rate of 6% until the first reset date on 21 April 2032. The Notes are intended to be admitted to trading on Euronext Paris.

The Subordinated Notes are rated BB+ by S&P with an intermediate equity content of 50% up to the agency's 15% maximum criteria threshold. They are also treated as equity under IFRS and are an important part of Roquette's long-term financing strategy, strengthening the company's capital structure ...

Full story available on Benzinga.com

PIMCO Purchases All $400 Million Of Blue Owl's Bonds During Private Credit Jitters

Caroline Ryan — Wed, 15 Apr 2026 17:06:33 +0000

Pacific Investment Management Co. (PIMCO) has acquired the full $400 million bond offering issued by a private credit fund affiliated with Blue Owl Capital Inc.

The bonds, issued by Blue Owl Capital Corp (OBDC), are investment-grade rated notes. The bonds are yielding 6.4% and are set to mature in September 2028, according to an SEC filing.

OBDC is a speciality finance and business development company that provides direct lending solutions to U.S. middle-market companies, according to the company’s website. Morgan Stanley acted as the sole bookrunner for the offering.

It is not yet known whether Pimco intends to retain the bonds, though Trace ...

Full story available on Benzinga.com

Stock Market Today: S&P 500, Dow Jones Futures Gain As Trump Fuels De-Escalation Hopes—ASML, Gitlab, Broadcom In Focus (UPDATED)

Rishabh Mishra — Wed, 15 Apr 2026 12:43:53 +0000

(Editor’s note: The future prices of benchmark tracking ETFs, the lede, the economic data and the headline were updated in the story.)

U.S. stocks fluctuated on Wednesday, following Tuesday’s rally. Futures of the major benchmark indices were mixed.

U.S. import prices climbed 0.8% in March, marking a 2.1% year-over-year increase—the largest annual jump since late 2024. Despite these mounting cost pressures, New York's manufacturing sector showed unexpected resilience in April; the Empire State Manufacturing Survey's headline index surged eleven points to 11.0, signaling a moderate expansion in business activity fueled by significant gains in new orders and shipments.

On Tuesday, President Donald Trump fueled the de-escalation narrative, saying that Iran talks "could be happening over the next two days" in Pakistan. The fresh Trump comments built on Vice President JD Vance‘s flagged "a lot of progress" in weekend talks with Iranian officials held in Islamabad.

Meanwhile, the 10-year Treasury bond yielded 4.25%, and the two-year bond was at 3.76%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.

Index	Performance (+/-)
Dow Jones	0.02%
S&P 500	0.03%
Nasdaq 100	-0.09%
Russell 2000	-0.10%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.007% at $694.51, while the QQQ declined 0.099% to $627.98.

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Stocks In Focus

ASML Holding

ASML Holding NV (NASDAQ:ASML) rose 1.35% in premarket on Wednesday after the company announced its first-quarter earnings, beating expectations and raising its 2026 revenue outlook.

Benzinga’s Edge Stock Rankings indicate that ASML maintains a strong price trend in the short, medium, and long terms, with a solid growth score.

AUSTIN, Texas and NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE:TE) ( "T1," "T1 Energy," or the "Company") today announced the pricing of its previously announced underwritten public offering of $160.0 million aggregate principal amount of its 4.00% convertible senior notes due 2031 (the "Convertible Notes" and such offering, the "Offering"). The Offering was upsized from the previously announced $125.0 million aggregate principal amount of Convertible Notes.

The Company estimates that the net proceeds from the Offering will be approximately $151.6 million, after deducting underwriting discounts and commissions and the Company's estimated offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $24.0 million aggregate principal amount of Convertible Notes, solely to cover over-allotments. The Offering is expected to close on April 17, 2026, subject to satisfaction of customary closing conditions.

The Company expects to use the net proceeds from the Offering for (i) construction and development of infrastructure and purchase of production line equipment relating to Phase 1 of its G2_Austin solar cell fab with 2.1 GW of capacity and (ii) general corporate purposes. The Company is targeting a larger financing solution, that includes a significant debt component, to fund the remaining balance of capital expenditures for Phase 1 of G2_Austin.

The Convertible Notes will be senior unsecured obligations of the Company and interest will be payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2026. The Convertible Notes will mature on April 15, 2031, unless earlier repurchased, redeemed or converted.

Before January 15, 2031, holders may convert their Convertible Notes at their option only in certain circumstances. At any time from, and including, January 15, 2031 until the close of business on the business day immediately preceding the maturity date, the Convertible Notes will be convertible at the option of the holders. The Company will settle conversions by paying or delivering, as applicable, cash, shares of its common stock, or a combination of cash and shares of its common stock, at the Company's election. The initial conversion rate is 146.9724 shares of the Company's common stock per $1,000 principal amount of the Convertible Notes, which is equivalent to an initial conversion price of approximately $6.80 per share of common stock and represents a conversion premium of approximately 40% above the last reported sale price of $4.86 per share of the Company's common stock on The New York Stock Exchange on April 14, 2026. If a "make-whole fundamental change" (as defined in the indenture that will govern the Convertible Notes) occurs, or if the Company calls a holder's Convertible Notes for redemption, then the Company will in certain circumstances increase the ...

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Despite AI, Software Fears, Blue Owl Secures $400 Million Bond Deal

Caroline Ryan — Tue, 14 Apr 2026 18:01:19 +0000

Blue Owl Capital (NYSE:OWL) is making a comeback, raising $400 million from bond investors, following several months of ripples in the private credit market.

• Blue Owl Capital shares are climbing with conviction. Why is OWL stock up today?

The bonds, issued by Blue Owl Capital Corp (OBDC), are investment-grade rated notes. The bonds are yielding 6.4% and are set to mature in September 2028, according to an SEC filing,

OBDC is a speciality finance and business development company that provides direct lending solutions to U.S. middle-market companies, according to the company's website.

Earlier this month, Blue Owl Capital capped redemptions in both its funds at 5% after investors requested withdrawals of 22% and 41% in its private credit and technology-focused funds, respectively.

The firm attributed the above-average number of requests to “heightened market concerns around AI-related disruption to software companies.”

“We continue to observe a meaningful disconnect between ...

Full story available on Benzinga.com

VEON and JazzWorld Receive Competition Commission of Pakistan Approval for Acquisition of TPL Insurance

Globe Newswire — Tue, 14 Apr 2026 15:45:00 +0000

Competition clearance marks next step in building comprehensive digital financial services ecosystem, accelerating digital financial services in Pakistan

Dubai, New York and Karachi – April 14, 2026 – VEON Ltd. (NASDAQ:VEON, "VEON")), a global digital operator, today announced that the Competition Commission of Pakistan ("CCP") has authorized the acquisition of TPL Insurance Limited ("TPL Insurance") by its subsidiary Jazz International Holding Limited ("JIH"). The clearance, granted following a Phase-I competition assessment that found no competitive concerns, enables the companies to proceed towards closing transaction in mid-2026.

TPL Insurance is Pakistan's premier digital-first insurer, with an AA credit rating by the Pakistan Credit Rating Agency, a general insurer license, and a fully digital operating model built for scale. The company had a gross written premium of PKR 5.7 billion and over 277,000 policies issued as of December 31, 2025. The acquisition, announced on March 6, 2026, will see JIH acquire a controlling stake in TPL Insurance for approximately PKR 4.15 billion (USD 14.6 million).

"Acquiring TPL Insurance will bring insurance into the digital mainstream for millions of Pakistanis," said Aamir Ibrahim, Chief Executive Officer of JazzWorld. "Pakistan remains significantly under-insured, and by integrating TPL Insurance into our digital ecosystem alongside JazzCash ...

Full story available on Benzinga.com

Zero Rate Cuts, Zero Private Sector Jobs, And Trillions To Refinance

Stjepan Kalinic — Thu, 09 Apr 2026 13:45:15 +0000

The Federal Reserve leadership transition is scheduled to occur during a turbulent time. Rate-cut expectations have been slashed to zero, private-sector job growth is effectively zero, and trillions of dollars in debt need to be refinanced.

Each of these variables alone would be manageable. Together, they form a trifecta of macro constraints of 2026.

Expectations Revisited

Wells Fargo has revised its rate change projection on April 6. According to Reuters, the bank scrapped its expectation of two rate cuts this year, expecting a transient inflation bump and higher uncertainty.

Inflation, particularly from energy shocks tied to geopolitical conflict, remains too persistent. The bond market has made that clear by pushing yields higher and demanding a greater risk premium to hold U.S. debt.

Meanwhile, Federal Reserve Chair Jerome Powell acknowledged weakness in the job market

"If you adjust what has been the trend in job creation over the past six months…If you adjust that for what we think is the overstatement due to overcounting, effectively there's zero net job creation in the private sector," he said on March 18.

For Powell, whose term ends on May 15, the economy isn't collapsing, but it is not expanding in a meaningful way either.

Under normal circumstances, ...

Full story available on Benzinga.com