financetom
Business
financetom
/
Business
/
Some Harvard bonds hit near record low as Trump tensions mount
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Some Harvard bonds hit near record low as Trump tensions mount
May 26, 2025 1:28 PM

LONDON (Reuters) -Harvard University's bonds, which are part of the Ivy League school's $8.2 billion debt pile, struggled on Friday amid an increasingly fraught standoff with U.S. President Donald Trump's administration.

The university sued the administration over a move on Thursday to revoke its ability to enrol lucrative foreign students.

Its bond prices have been falling sharply since March when the U.S. Education Department sent letters to 60 U.S. universities, including Harvard, warning them of cuts in federal funding unless they addressed allegations of antisemitism.

Friday's moves were modest but included Harvard's 3.15% 2046 bond dropping to a near-record low 66.5 cents on the dollar, effectively a discount of a third on its face value.

Homeland Security Secretary Kristi Noem, who ordered the termination of Harvard's Student and Exchange Visitor Program certification on Thursday, accused the Boston institution of "fostering violence, antisemitism, and coordinating with the Chinese Communist Party."

In a complaint filed in Boston federal court, Harvard called the revocation a "blatant violation" of the U.S. Constitution and other federal laws, saying it had an "immediate and devastating effect" on the university and more than 7,000 visa holders.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CIBC Comments on Canada's International Merchandise Trade Surplus in June
CIBC Comments on Canada's International Merchandise Trade Surplus in June
Aug 6, 2024
09:01 AM EDT, 08/06/2024 (MT Newswires) -- Canada's international merchandise trade balance Tuesday swung into a C$600 million surplus in June, a much better outcome than the C$2.0 billion deficit expected by the consensus, said CIBC. That reflected a 5.5% m/m surge in exports, driven by higher crude shipment volumes tied to the Trans Mountain pipeline expansion. Exports increased in...
Allegion Pick of the Week at Smart Insider Following Stock Purchases of CEO, Director
Allegion Pick of the Week at Smart Insider Following Stock Purchases of CEO, Director
Aug 6, 2024
09:00 AM EDT, 08/06/2024 (MT Newswires) -- Allegion ( ALLE ) was the stock pick of the week from Smart Insider after the company's chief executive and a director purchased $675,000 and $137,000 worth of stock, respectively. CEO John Stone's purchase at $135 per share is his fourth and comes after a February purchase of $1.3 million at $132 apiece,...
New Jersey Resources Swings to Loss in Fiscal Q3, Revenue Rises
New Jersey Resources Swings to Loss in Fiscal Q3, Revenue Rises
Aug 6, 2024
09:00 AM EDT, 08/06/2024 (MT Newswires) -- New Jersey Resources ( NJR ) reported a fiscal Q3 net financial loss Tuesday of $0.09 per share, swinging from net financial earnings of $0.10 per share a year earlier. Analysts surveyed by Capital IQ expected a normalized loss of $0.05 per share. Revenue for the quarter ended June 30 was $275.6 million,...
Westgate Energy Completes Summer Drilling Program
Westgate Energy Completes Summer Drilling Program
Aug 6, 2024
09:00 AM EDT, 08/06/2024 (MT Newswires) -- Westgate Energy (WGT.V) on Tuesday confirmed the successful drilling of two wells as part of the initial portion of its second half 2024 drilling campaign. A statement noted this summer program consisted of two horizontal multi-lateral oil wells drilled at the company's core Killam property in Eastern Alberta. Tuesday's statement said the program's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved