The article discusses how municipals were slightly weaker than usual but still outperformed U.S. Treasuries. Despite this, UST yields rose significantly, with the two-year UST rising up to 14 basis points. The muni-to-Treasury ratios were also analyzed, showing variations depending on the curve. The ICE Data Services provided slightly different ratios compared to the Refinitiv
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The article highlights UBS’s reiteration of Apple as neutral, citing a decline in iPhone sell-through in China. This indicates a notable trend of decreasing market share for Apple in one of its key markets. The consecutive monthly decline in sales raises concerns about Apple’s competitive position and ability to attract and retain customers in the
In the second quarter, the digital assets landscape saw mixed performance, with crypto assets lagging behind more traditional assets, according to research by broker Canaccord Genuity. Despite the buzz around Bitcoin exchange-traded funds (ETFs), Bitcoin remained rangebound throughout the quarter, despite major events such as the Bitcoin halving and the SEC’s approval of spot Ethereum
The recent announcement of President Cyril Ramaphosa’s new coalition cabinet in South Africa has had a positive impact on the country’s currency. The South African rand rallied on Monday following the news, with the rand trading at 18.01 against the dollar, 1% stronger than its previous close. The inclusion of the leader of the former
Bitcoin price saw a rise on Monday, bouncing back from recent losses, although overall sentiment towards the token and the broader crypto markets continued to remain negative. The recovery, however, was not without its challenges due to the looming threat of a potential major liquidation event connected to the defunct Mt Gox exchange. The liquidators
The recent weak Chinese business activity data has had a significant impact on Asian currencies, causing them to remain largely stagnant. The sentiment towards the region has been negatively affected, especially with the sharp downward revision in Japan’s first-quarter gross domestic product. This has further dampened market sentiment and has left currencies struggling to find
Boeing’s recent announcement of its plan to buy back Spirit AeroSystems in an all-stock deal has raised eyebrows in the aviation industry. The aerospace giant stated that this acquisition would not only improve safety and quality control but also align production systems and workforces. However, many stakeholders have questioned the true motives behind this move
The euro reached a 10-day high as the first round of France’s shock snap election unfolded, with the far-right party leading the pack. However, the outcome remains uncertain, leaving investors on edge as they anticipate further volatility in the market. Marine Le Pen’s National Rally (RN) emerged victorious in the first round, albeit with a
After the first round of France’s parliamentary elections, Marine Le Pen’s far-right National Rally (RN) party emerged as the winner, albeit with a smaller margin than initially projected. This outcome led to a rise in the euro, which had been on a downward trend since President Emmanuel Macron called for the election. Analysts noted that
Billionaire investor Peter Thiel recently shared his thoughts on the current state of Bitcoin, suggesting that a significant portion of its potential value has already been realized. Thiel believes that the days of significant price increases for Bitcoin may be behind us, expressing doubt that the cryptocurrency will experience dramatic growth in the future. Thiel