Municipals were steady in typical summer Friday style ahead of a less-than-robust new-issue calendar to end July. The U.S. Treasury 10-year ends 10 basis points higher than it started the week, but back to levels of a week ago, while the stock market rallied and earnings pushed them to all-time record highs Friday. Triple-A benchmarks
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US stocks ended Friday at a new high, reversing steep losses at the start of the week, as fears about the Delta variant of coronavirus were soothed by strong corporate earnings and continued central bank support for financial markets. The S&P 500 climbed 1 per cent, lifting the index’s weekly gain to 2 per cent
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The Puerto Rico Aqueduct and Sewer Authority plans to refund $1.8 billion of outstanding 2012 debt in an August deal, coming into a market that is starved for high-yield paper. For several months the authority and the Puerto Rico Oversight Board has mentioned the possibility of refunding the authority’s Series 2012A bonds. On Friday it
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The Metropolitan Transportation Authority is armed with billions from several rounds of federal funding. Toll and tax revenue is up, other indicators are positive and commuters are probably spared a fare increase for this year. But as he outlined scenarios related to the authority’s rolling four-year financial plan and how it hinges on post-pandemic ridership
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Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
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Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. Korean Financial Intelligence Unit Notifies Foreign
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Municipal yields rose a slightly outside of 10-years after U.S. Treasuries swung back up double-digit basis points from Monday’s lows as stocks rebounded from large losses on Monday. Municipals ignored the losses in UST as triple-A benchmark curves saw cuts of two to four basis points out longer while the short end of the curve
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Increasing attention to whether inflation is a problem for the U.S. economy and financial markets isn’t resolved easily by looking at the most recent economic and financial market data. COVID-19-related economy and market adjustments continue to confound market observers and policy makers. Inflation likely will surprise on the upside, Treasury Secretary Janet Yellen reminds us,
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Dozens of self-isolation orders have sparked anxiety among athletes and delegates inside the Tokyo Olympics bubble over concerns they could miss the Games after coming into contact with a Covid-infected person. Athletes who have come into contact with a person who has tested positive have been told to quarantine and train alone under strict rules. Competitors
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A look at two stocks for your aggressive growth stock radar screen. Nvidia: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
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