Janet Yellen’s speech at The Economic Club of New York on Wednesday, April 16, posed three broad questions, the answers to which would likely determine the future course of monetary policy.
The Richmond Fed’s manufacturing survey is based on survey readings of approximately 100 respondents whose firm type, firm size, and location collectively match the profile of overall manufacturing in the Fifth District.
Fannie Mae MBS followed the bond market lower. Last week was when most of the Street rolled its April exposure to May. Liquidity has been downright terrible in the TBAs lately.
The effect of sampling—the difference in the holdings between MLPJ and its benchmark index—is another cause of the tracking error.
Tracking error measures how closely a portfolio follows the index it’s benchmarked to—that is, how well a fund manager replicates the performance of a specific index.
The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity.
Masayoshi Son is the chairman and CEO of SoftBank Corp. (SFTBF) and chairman of Sprint (S). Son has been pushing for more consolidation in the telecom sector in the U.S.
Last week was a holiday-shortened week, as Thursday was an early close and Friday the markets were closed in observance of Good Friday.
On July 6, 2013, the Federal Communications Commission approved SoftBank’s (SFTBF) acquisition of Sprint for $22.2 billion for a 78% stake in Sprint (S).
We saw some important manufacturing-related data on Wednesday, with industrial production, manufacturing production, and capacity utilization all coming in better than expected.
This week, the underlying theme for the economic indicators appears to be housing releases and manufacturing survey reports issued by the Federal Reserve banks of Chicago, Richmond, and Kansas City.
This article focuses on the synergies arising from a potential Softbank-T-Mobile deal and the highlights of the SoftBank-hosted conference in Washington, DC, on March 11, 2014.
About 14% of the Sprint acquisition was financed through cash and the balance through debt. This would imply debt issue of ~$15.9 billion for the deal under consideration.
Masayoshi Son, Chairman and CEO of SoftBank Corp. (SFTBF) and chairman of Sprint (S), has been pushing for more consolidation in the telecom sector in the U.S.
On the week of April 11, natural gas spot prices traded higher, finishing at $4.59 per MMBtu compared to $4.49 per MMBtu the previous week.
Investors willing to take a little higher risk than what they find in Treasuries, if they’re in search of higher returns, can consider investing in investment-grade corporate bonds.
Apart from weekly auctions of T-bills, last week saw auctions for three-year and ten-year Treasury notes and 30-year Treasury bonds.
Demand for six-month Treasury bills has seen a continuous uptrend over the past four weeks, as we’ve seen in the rising bid-to-cover ratio.
Banks such as Wells Fargo (WFC) and Bank of New York Mellon (BK) receive deposits from retail customers that can be withdrawn at short or no notice.
In her address to the FOMC, Yellen said Fed staff are actively considering additional measures that could address these and other residual risks in the short-term wholesale funding markets.