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Bonds News Headlines

Chicago teachers pension fund divesting from private prisons

The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor.

S&P affirms Hungary's sovereign rating

Ratings agency Standard & Poor's affirmed Hungary's "BBB-/A-3" credit rating on Friday, citing the country's surplus external position and substantial net foreign direct investment. "Hungary's strong external profile, its resilient export-driven economy, low private sector debt levels, and the flexible exchange rate regime support the sovereign ratings," the S&P said. [https://bit.ly/2vRi4TT ]

EMERGING MARKETS-Mexico peso up on NAFTA outlook, Brazil stocks dip

Mexico's peso firmed on Friday after U.S. and Mexican officials said they were close to settling differences in NAFTA trade talks, while Brazilian equities slid on presidential race jitters. Mexico's peso shook off losses to gain about 0.6 percent after a top White House economic adviser said on Friday that Washington was "very, very close" to clinching a trade deal with Mexico. Mexico's economy minister said earlier that he ho