Financial Shares Edge Higher Amid Persistently High Bond Yields
Dow Jones
Yesterday
Shares in the financial sector were slightly higher as borrowing costs remained near multidecade highs.
Redemption requests for two of Blue Owl Capital's private-credit funds remained well above the typical 5% cap, even as requests on one of the funds fell for the second quarter in a row. Blue Owl Credit Income Corp. said it saw estimated third-quarter redemption requests representing 16.8% of shares, or $3.1 billion. That compares with 18.8% in the second quarter and 21.9% in the first quarter.
IG Group shares plunged after the online trading platform lowered its 2026 revenue forecast, months after upgrading it, with third-quarter revenue now expected to fall 14%.
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