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Real-time News
Warner Bros. Discovery Inc. (WBD.O): The Board of Directors conducts a comprehensive, fair, and transparent review, establishing a level playing field in a competitive process.Warner Bros. Discovery Inc. (WBD.O): The bidding wars for Paramount Skydance and Netflix (NFLX.O) are no different in terms of regulatory risks.Warner Bros. Discovery Inc. (WBD.O) urged investors to reject Paramounts "inferior" acquisition offer, while the companys board of directors continues to recommend the deal with Netflix (NFLX.O).On December 17th, analysts pointed out that year-end anxiety in the US bond market has eased, with the market anticipating that the Federal Reserves new financing plan will alleviate seasonal funding pressures. Banks typically reduce lending and hoard cash at the end of quarters and years to adjust their balance sheets, which leads to higher short-term money market rates at the end of the year. For example, in September 2019, repurchase rates surged due to a sharp drop in bank reserves caused by concentrated corporate tax payments and debt repayments. However, after the Federal Reserve announced last week that it would purchase short-term Treasury bills to manage cash levels and ensure control over the target interest rate range, repurchase market pricing for the year-end period (December 31st to January 2nd) has fallen sharply. Bob Savage, head of macro market strategy at BNY Mellon, said, "The Fed aims to avoid sharp interest rate fluctuations on tax days or at the end of the year, and now has the appropriate tools. We do not expect a repeat of the sharp market volatility of 2019." Analysts pointed out that the Feds measures will alleviate year-end funding pressures. At the same time, the Federal Reserves bond purchases may reduce private investors demand for Treasury bills in 2026, thereby supporting bond prices, lowering yields, and easing the debt supply pressure that previously pushed up repurchase rates.The MBA mortgage application activity index in the United States for the week ending December 12 was 315.6, compared with 327.9 in the previous week.
