Japan’s recent struggle with the yen’s value has been a rollercoaster ride, with speculators and authorities engaging in a two-year battle of wits. The currency’s slide to near four-decade lows has raised concerns and led to interventions by the Bank of Japan to prop it up. However, a recent interest rate hike by the BOJ
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Municipal yields have experienced a decline as the primary market activities gained momentum. However, this decline has been overshadowed by an improved performance in the U.S. Treasury market, especially as equities rallied following the release of lower-than-expected inflation data. This has led to two to four basis point increases in Triple-A municipal curves, with the
The recent rise in tensions between the United States and China has created an uncertain environment for businesses in both countries. Regardless of the outcome of the upcoming presidential election, Chinese companies are increasingly turning towards overseas investments as a way to navigate the shifting political landscape. Recent public filings from mainland China-listed companies have
In a time of heightened market volatility, it is crucial for investors to carefully select where they put their money. The recent spike in the CBOE Volatility Index to 66 during the August 5 selloff, fueled by concerns over the U.S. job market and consumer spending, has left many jittery about the future. This volatility
In times of market uncertainty, investors often look for stable and reliable companies to invest in. One such company is Microsoft, which has been identified as a top pick by analysts at HSBC. With its products and services holding critical positions within enterprises, Microsoft is considered to be a safe bet for investors. The company’s
SpaceX is gearing up for an exciting new chapter in private space exploration with its upcoming Polaris Dawn mission. Scheduled to launch at the end of the month, this mission marks the first attempt at a spacewalk by astronauts in a private venture. Spearheaded by billionaire Jared Isaacman, the Polaris Dawn mission is the first
The recent regulatory filings have shed light on major hedge funds ditching leading artificial intelligence stocks in 2024. This shift indicates a significant change in sentiment among big investors regarding the future prospects of companies like Nvidia, Alphabet, and Meta Platforms. The selling spree came ahead of a third-quarter sell-off, signaling concerns over the sustainability
One of the stocks that appear undervalued in the current market is PayPal. According to analysts, PayPal has the highest potential upside of the group at 23.10%, with an average price target of $78.12. The company’s price-to-earnings ratio over the next 12 months is 14.1, which is less than that of the broader market index.
The underwriting spreads for all bonds have skyrocketed in the first half of 2024, exceeding $7 for the first time in 25 years. The data provided by LSEG indicates a significant increase in underwriting spreads from $3.70 in the first half of 2023 to $7.11 in the first half of 2024. This surge has been
The recent U.S. Treasury market selloff had a significant impact on the municipal bond market. However, despite the pressure felt by municipals, they outperformed their taxable counterparts. This can be attributed to better economic data, which led investors to shift towards equities in a risk-on trade. As a result, Triple-A yields rose slightly, varying between