New York, February 11, 2026, 15:21 EST — Regular session
- TE Connectivity shares edged up slightly during afternoon trading. (TE Connectivity Investors)
- The company earlier set the price for a $750 million senior notes offering through its Tyco Electronics division. (SEC)
- Traders are focused on Friday’s U.S. January CPI report for hints on where interest rates might head next. (Bureau of Labor Statistics)
Shares of TE Connectivity plc (NYSE: TEL) climbed roughly 0.4% to $226.75 during Wednesday afternoon trading. The stock had pulled back following a strong surge earlier in the week.
The key focus now is the rate landscape. A surprisingly robust U.S. jobs report is causing investors to rethink the timeline for the Federal Reserve’s next rate cut, directly impacting funding costs for frequent issuers. Julia Hermann, global market strategist at New York Life Investments, described the data as “constructive,” noting that “the economy is not in dire need of rate cuts.” (Reuters)
TE’s recent funding move sticks to the pattern. On Feb. 9, the company revealed that its Tyco Electronics Group S.A. unit sold $200 million of 4.500% senior notes maturing in 2031, plus $550 million of 4.875% senior notes due in 2036. These senior notes take priority over subordinated debt. After the underwriters’ cut, TE expects to net around $745.5 million, which will go toward paying off debt maturing in 2026 and covering general corporate expenses. (SEC)
A term sheet filed with the SEC revealed more details on the deal. The 2031 notes went for 100.907% of face value, while the 2036 notes were priced at 99.718%. The 2036 tranche carried a yield-to-maturity of 4.911%. Its spread came in at 70 basis points, or 0.70 percentage points, above the benchmark Treasury. (SEC)
TE, an Ireland-based company, supplies connectors and sensor systems for vehicles, factories, and communications equipment. It breaks down its results into Transportation Solutions and Industrial Solutions segments. (Reuters)
The company is focusing heavily on data center and power projects linked to artificial intelligence. In its latest quarterly report, TE projected a second-quarter adjusted profit around $2.65 per share. CEO Terrence Curtin noted growth is “broadening” across sectors like “AI, energy grid hardening and next generation vehicles.” (TE Connectivity Investors)
The stock surged almost 5% on Monday, though it remains about 10% shy of its 52-week peak, MarketWatch reports. (MarketWatch)
Wednesday saw mixed moves among peers. Amphenol edged up by around 0.1%, whereas Aptiv dropped close to 2.3%.
This setup could shift quickly. Should Friday’s inflation figures surprise on the upside, yields might climb again, putting pressure on rate-sensitive industrial stocks—particularly those linked to major spending in autos and data centers.
The next key data point is the U.S. Consumer Price Index for January, set to drop on Feb. 13 at 8:30 a.m. ET. (Bureau of Labor Statistics)
