Investors in the municipal bond market have been focused on the primary market this past week, as the secondary market has taken a backseat. With up to $13 billion of supply on tap, there is ample opportunity to buy paper, according to experts like Chris Brigati from SWBC and Anders S. Persson and Daniel J.
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UBS predicts that the Federal Reserve will not reduce interest rates until September, making now the opportune time to invest in tax-free municipal bonds. The bank anticipates only two rate cuts this year, with the first one occurring in the fall. As a result, UBS expects the yield on the 10-year Treasury note to decrease
UBS recently adjusted its forecast for the USD/JPY currency pair, attributing the change to the strength of the US dollar. The new quarter-end predictions set by the firm are ¥155 for June 2024, followed by ¥152, ¥148, and ¥145 for the subsequent quarters through March 2025. This revision reflects a shift from the previous forecasts
The financial impact of anti-environmental, social, and governance (ESG) laws on municipal borrowing costs has been a topic of recent research and analysis. A study conducted by the Oklahoma Rural Association reveals the consequences of a law that banned state and local government contracts with investment banks that “boycott” the fossil fuel industry. This article
PepsiCo recently released its quarterly earnings and revenue, surpassing analysts’ expectations despite facing challenges such as weaker U.S. demand due to recalls and backlash over increased prices. The company reported earnings per share of $1.61, higher than the expected $1.52, and revenue of $18.25 billion, exceeding the anticipated $18.07 billion. Impact of Quaker Oats Recalls
UnitedHealth soared 16% following its impressive earnings beat a week ago, even amidst the fallout from the cyberattack on its subsidiary, Change Healthcare. However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks – and the once-strong rally appears to be losing steam. To confirm a bearish bias on UNH,
Rockefeller Asset Management has recently made a significant announcement regarding the addition of three new portfolio managers to enhance its municipal investment strategies within the fixed income division. This move aims to strengthen the firm’s position in the market and provide investors with opportunities for growth and diversification. The three new portfolio managers, Scott Cottier,
As UBS revises its forecast for the USD/PLN currency pair, several key factors are influencing their updated projections. The recent changes in the Federal Reserve’s interest rate outlook have played a significant role in shaping the new expectations for the exchange rate. Additionally, escalating tensions in the Middle East have added another layer of complexity