The municipal bond market was primarily focused on the primary market as investors assessed several large deals, while the secondary market took a backseat. U.S. Treasuries showed improvement and equities rallied based on earnings reports. This dynamic created a scenario where new issuances were on the rise, leading to elevated muni yields, as noted by
investment
The influence of anti-environmental, social, and governance (ESG) laws on municipal borrowing costs is a topic of increasing concern in the financial world. Recent research conducted by the Oklahoma Rural Association sheds light on the detrimental effects of such laws on municipalities in Oklahoma. These laws, which aim to combat perceived boycotting of certain industries
Rockefeller Asset Management recently announced the addition of three new portfolio managers to strengthen its municipal investment strategies within its fixed income division. Scott Cottier, Mark DeMitry, and Michael Camarella, who previously managed the California Value Municipal Income Trust and the Trust for Investment Grade New York Municipals at Invesco, will be joining Rockefeller. These
UBS recently adjusted its forecast for the USD/JPY currency pair, attributing the change to the strength of the US dollar. The firm updated its quarter-end predictions for the pair to ¥155 for June 2024, followed by ¥152, ¥148, and ¥145 for the subsequent quarters through March 2025. This revision comes as the market reacts to
UnitedHealth Group (UNH) saw a significant 16% increase in its stock following a strong earnings report, despite facing challenges such as the recent cyberattack on its subsidiary, Change Healthcare. However, recent market trends have begun to reveal cracks in UNH’s once robust rally. Two key technical indicators suggest a bearish bias on UNH: the Relative
UBS recently adjusted its forecast for the USD/PLN currency pair, taking into account significant factors such as changes in the Federal Reserve’s interest rate outlook and escalating tensions in the Middle East. The firm now predicts that the exchange rate will reach 4.10 in the second quarter of 2024, gradually decreasing to 3.92 by the
Recently, Goldman Sachs analyst Eric Sheridan named Amazon as the top e-commerce pick, anticipating strong trends in the sector for the first quarter. Sheridan maintained a buy rating and a $220 price target on Amazon, which implies a potential upside of about 26% for the stock. The analyst highlighted resilient consumer spending in the first
Satoshi Nakamoto, the mysterious figure behind Bitcoin, shared a series of emails with early Bitcoin contributor Martti Malmi. These emails have recently come to light, providing valuable insights into Nakamoto’s vision for the digital currency. One of the key revelations from these emails is Nakamoto’s view of Bitcoin as a medium of exchange, rather than
Investors facing uncertainty due to macroeconomic challenges and geopolitical tensions may find solace in dividend-paying stocks. Wall Street analysts recommend considering dividend stocks as a stable investment option in times of market volatility. Enterprise Products Partners (EPD) stands out as one of the top picks in the current market scenario. The midstream energy services provider
ChainwireXVC Tech, a venture capital firm founded by the creators of the XDC Network blockchain, recently announced an investment in TradeTogether, a leading Web3 wealth manager based in Singapore. This partnership aims to drive intelligent capital into Real-World Assets (RWA) and Web3 while adhering to regulatory compliance standards. The key focus of TradeTogether is compliance,