3:00 Tuesday vs 3:00 Monday
2yr 99-17 vs 99-20; 3.991% vs 3.943%
5yr 98-28+ vs 99-04+; 4.122% vs 4.066%
10yr 97-11 vs 97-24; 4.462% vs 4.408%
30yr 95-22+ vs 96-11+; 5.028% vs 4.984%
2/10 46.634 bps vs 46.319 bps
5/30 90.431 bps vs 91.694 bps
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Treasury
Quarterhill Secures New US$60 Million Credit Facility
Quarterhill (QTRH.TO) said Tuesday it entered into a new US$60-million senior secured credit facility with BTG Pactual's U.S. Private Credit Investments division.The financing includes a US$30 million initial term loan, a US$25 million delayed draw term loan, and a US$5 million revolving credit facility, the company said. The funds will be used to refinance existing debt, redeem convertible debentures, cover transaction costs, and provide working capital.The credit facilities mature on May 12, 2031, and are secured by certain company assets. Quarterhill also established an additional potential US$100 million accordion facility to support future growth, subject to lender agreement. "This is designed to fuel inorganic growth initiatives and allow the company to act quickly on accretive merger and acquisition opportunities as they arise," it said.The company's shares were last seen up $0.10 to $1.53 on the Toronto Stock Exchange.Price: $1.53, Change: $+0.10, Percent Change: +6.99%
$QTRH.TO
Treasury
Market Chatter: US Appeals Court Pauses Lower Court Ruling Against Trump's 10% Global Tariffs
A US appeals court on Tuesday temporarily paused a ruling by a lower court against President Donald Trump's 10% global tariff, keeping the levies in place for three importers that had won a reprieve, Reuters reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Treasury
US 10-Year Auction High Yield Rises From Previous Auction, Demand Lower
The US Treasury's 10-year auction hit a high yield of 4.468% on Tuesday, up from the 4.282% high in the previous auction.The bid to cover ratio for the auction was 2.40, below the 2.43 ratio in the previous auction.Dealers represented 55.55% of the bids, with direct bidders at 12.32% and indirect bidders at 32.12%.For takedown, dealers took 11.98%, with direct bidders at 24.07% and indirect bidders at 63.95%.