In a recent wave of major central bank policy meetings, hedge funds have clearly shown their preference for the mighty dollar. The latest data from the Commodity Futures Trading Commission reveals that speculators are heavily betting on a stronger dollar, particularly against G10 currencies. The net long dollar position against a range of G10 and
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The recent statement by Japanese Finance Minister Shunichi Suzuki regarding speculative moves in the currency market has brought attention to the impact these moves have on the Japanese yen. Despite the warning against excessive declines in the yen, the market continues to see fluctuations that do not align with economic fundamentals. According to Suzuki, various
A proposed $2 billion public-private partnership that sought to move two major league sports teams out of Washington D.C. and into a bond-financed arena in Northern Virginia has officially been called off. This decision came after D.C. Mayor Muriel Bowser and Ted Leonsis, the owner of the NBA’s Washington Wizards and the NHL’s Washington Capitals,
Amid criticism from lawmakers for not having a clear housing plan in place, Hawaii Governor Josh Green claims the state is making progress towards reducing recovery costs by transitioning people displaced by fires from hotels to permanent housing. Lawmakers have expressed concerns about the lack of a coherent budget for the costs associated with the
The month of March brought about an increase in rent prices for both one- and two-bedroom apartments after six consecutive months of stagnation. According to a report by Zumper, the average monthly cost for a one-bedroom apartment in the U.S. rose to $1,487, reflecting a 0.3% increment from the previous month. Similarly, the typical price
As tax season progresses, the municipal bond market is facing challenges and experiencing selling pressure as investors shift their focus from short-term securities to meet their tax obligations. This trend has caused muni bonds to underperform compared to U.S. Treasuries and corporate bonds, with negative returns month-to-date. Despite this, experts believe that the muni market
The municipal bond market experienced a mixed performance on Wednesday, with evident selling pressure on the short end due to few sizable deals pricing in the primary market. Despite this, munis have managed to hold relatively well as yields remain in a tight range. The AAA HG curve in the muni market has maintained stability
Samantha Costanzo, the newly appointed head of public finance at Huntington National Bank, sheds light on the challenges women face in the male-dominated financial services industry. Costanzo acknowledges the disparity in gender representation in finance, describing it as a “chicken and egg problem.” Despite the obstacles, she remains hopeful and believes in the power of
The spring housing market is typically a busy time, but recent data suggests a lackluster start to the season. Despite this being a prime time for home sales, mortgage demand remains stagnant. According to the Mortgage Bankers Association, application volume decreased by 0.7% last week compared to the previous week. This trend paints a bleak
Federal prosecutors have taken legal action to seize two upscale New York City apartments valued at $14 million, which are believed to have been purchased using funds obtained through a corrupt scheme connected to Mongolia’s significant copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, exposes a series of alleged illegal contracts totaling