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US high-grade bond issuance market teeters in ways not seen since the pandemic

President Donald Trump's tariffs brought U.S. investment-grade bond issuance to a screeching halt this week, but market stress had already been apparent over the past month as jittery investors pushed back on pricing, some bankers said. Since Trump imposed sweeping tariffs on U.S. imports on Wednesday, no new bonds have been priced by investment-grade companies. The halt in offerings followed a period last month when, for the first time since the pandemic, companies struggled to issue bonds at the price they wanted, several bond syndicate bankers said.

Bank of Canada Seen Making Deeper Cuts as Stocks Drop and Job Losses Mount

(Bloomberg) -- The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking damage.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for M

Fed's Waller says stablecoins bring benefits to US payments system

Federal Reserve Governor Christopher Waller said on Friday that stablecoins are a good thing for the U.S. payments system, but he doubts the financial system can support a large number of these assets. "I'll say I'm a personal, big advocate of stablecoins," Waller said at a New York Fed event. "I have been saying this for over three-plus years now, about how this could bring competition, efficiency and speed into the payments system."