Municipals were weaker amid more selling pressure to close out the week, U.S. Treasury yields rose with the 10-year sitting firmly above 3% and equities ended in the red. Triple-A muni benchmarks were cut up to four basis points while UST yields rose five to 10 basis points five years and out. Muni to UST
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In this article WDC A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. Mike Blake | Reuters Company: Western Digital (WDC) Business: Western Digital is a leading developer, manufacturer, and provider of data storage devices and solutions and operates in two market-leading franchises: hard disk drives (“HDD”) and NAND flash
In this article UAA PTON A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. Peloton — Shares of
Anchor Protocol (ANC) returned to its bullish form this May after plunging by over 70% in the previous two months. Pullback risks ahead ANC’s price rebounded by a little over 42.50% between May 1 and May 6, reaching $2.26, its highest level in three weeks. Nonetheless, the token experienced a selloff on May 6 and May
Adaptation from an evolutionary perspective is by nature a glacially unhurried process. It pans out even slower and more painfully when it comes to fundamental changes to the rules by which the real estate industry plays—many of which remain so outdated that they are analogously as irrelevant and inefficient as phones still attached to the
It is not exactly surprising, given the stunning jumps in both home prices and mortgage rates, but Americans have never been more bearish on buying a house. Just 30% of adults surveyed by Gallup said now is a good time to buy a home, down 23 percentage points from a year ago. That is the
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed hikes interest rates by 50 basis points in effort
S&P Global Ratings raised Illinois’ ratings by one notch Friday. The action completes a round of upgrades that rewarded the state for progress in tackling chronic strains that were made worse by a two-year budget impasse that dragged the state’s ratings to the edge of junk. S&P lifted the general obligation rating to BBB-plus from
A jubilant Sinn Féin was poised to clinch a historic victory in Northern Ireland’s elections and become the region’s biggest political force for the first time in a century, after more than half the seats to the Stormont assembly were decided. Sinn Féin, the party long associated with the paramilitary IRA, was clearly ahead of
The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. In terms of performance, the aggregate market capitalization of all cryptocurrencies dropped
The Texas Natural Gas Securitization Finance Corporation on Friday picked Jefferies to lead a team of underwriters for its upcoming $3.4 billion bond issue for utilities that were hit with high costs during 2021’s Winter Storm Uri. A few members of that team — Morgan Stanley, one of the deal’s co-senior managers, along with co-managers
In this article BLK SPY TSLA Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a
Traders on the floor of the NYSE, March 28, 2022. Source: NYSE After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading,
VA loans make the dream of homeownership more attainable for military families, however, many service members who have honorably served our country know little about the benefits of VA mortgages and may even have negative views about them. That’s according to a new Spotlight on VA Loans report commissioned by Navy Federal Credit Union and
The Federal Reserve is among Western central banks fighting stubbornly high inflation. Xinhua News Agency | Xinhua News Agency | Getty Images For the first time in years, Americans are in a period of rising interest rates. The Federal Reserve on Wednesday raised its benchmark rate a half-point, to cool down inflation that’s the highest
Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Investments demanding answers regarding the company’s decision to allow bitcoin investments in 401(k) retirement plans. “Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,” the lawmakers wrote.
In our first-quarter municipal (muni) bond outlook, the twin risks of higher inflation and rising interest rates were a key focus. We maintain now, as we did then, that these risks could also present opportunities in certain corners of the fixed-income market, especially among shorter-duration municipal bonds. At the end of 2021 into the early
Boris Johnson will face renewed pressure on his leadership on Friday after the Conservatives suffered significant defeats in local elections across the UK, including losing the flagship London council of Wandsworth. Labour won the borough beloved of former prime minister Margaret Thatcher for its ultra-low local tax rates after 44 years in Tory hands, but
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Wisconsin Capital Finance Director David Erdman will retire in July after a 32-year career with the state, the last seven in the role of debt manager during which the state won upgrades and his stature as an advocate for the issuer community grew. Erdman plans to leave the state July 2 and on July 5