strategies

The recent economic data showing a slowdown in GDP growth has had a significant impact on municipal markets. Following the rise in U.S. Treasuries and higher yields, municipals experienced losses, pushing yields on Triple-A bonds to increase by up to five basis points. In particular, the two-year munis-to-Treasury ratio reached 64%, indicating a shift in
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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
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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
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PepsiCo faced challenges in the first quarter of 2023, with weaker U.S. demand impacting its earnings. The company reported quarterly earnings and revenue that exceeded analysts’ expectations, despite the setbacks caused by Quaker Oats recalls and consumer backlash due to higher prices for its beverages and snacks. While PepsiCo’s earnings per share of $1.61 adjusted
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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
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In the wake of a highly volatile week of trading in the currency market, investors are closely monitoring policy and geopolitical developments. The focus has shifted to the yen ahead of the Bank of Japan’s policy review, with the yen trading near a 34-year low against the dollar. The dollar’s trade-weighted index remains above 106,
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