On Thursday, Shares of Bank of America Corporation (NYSE:BAC), lost -0.57% to $17.49.
This is shaping up as the worst quarter for sovereign bonds in almost 30 years, according to Bloomberg.
The Bank of America Merrill Lynch Global Government Index is down 2.9 percent since the end of March. If it holds, it’ll be the biggest quarterly loss since the third quarter of 1987. The selloff started in Europe as investors balked at record low yields in Germany and spread amid speculation the Federal Reserve is preparing to enhance borrowing costs as the world’s biggest economy improves. Bloomberg Reports.
“We’ve come into a bear market for bonds,” said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney. “Deflation fears are ongoing to unwind and the Fed is getting closer to raising interest rates. The picture will be one of rising bond yields.”
Shares of Hewlett-Packard Company (NYSE:HPQ), declined -1.19% to $32.52, during its last trading session.
Hewlett-Packard Company, declared that Sprout by HP, the world’s first immersive computer, will deliver a breakthrough, 3D scanning capability. As the first fully integrated desktop 3D scanning solution, it provides users a simple, quick and affordable way to create 3D content. This solution comprises of Sprout with its Intel Real Sense 3D cameras, the proprietary HP 3D Capture Stage and unique 3D capture software.
“Sprout, HP’s onramp to its Blended Reality strategy, is the first step on our mission to deliver truly immersive experiences,” said Eric Monsef, Highly Immersive Systems, HP. “The innovative 3D Capture solution uniquely allows users to easily capture an object in 3D that can then be further modified, shared, and printed.”
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to to the government, health, and education sectors worldwide.
Finally, CyberArk Software, Ltd. (NASDAQ:CYBR), ended its last trade with -1.12% loss, and closed at $62.66.
CyberArk Software, declared the pricing of a registered public offering of 4,900,000 ordinary shares at a price of $61.00 per share. 4,000,000 of the shares are being sold by shareholders of the company and 900,000 of the shares are being sold by CyberArk. The underwriters have a 30-day option to purchase up to an additional 735,000 ordinary shares at the public offering price from the selling shareholders. CyberArk will not receive any proceeds from the sale of the shares by the selling shareholders. The offering is predictable to close on June 16, 2015, subject to customary closing conditions.
Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers and as representatives of the underwriters in the offering. BofA Merrill Lynch and UBS Securities LLC are acting as book-running managers in the offering. William Blair & Company, L.L.C., Nomura Securities International, Inc. and Oppenheimer & Co. Inc. are acting as co-managers in the offering.
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
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