In the United States, Opportunity Zones (OZs) have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool. Opportunity Zones are defined as: “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential
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View Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday. The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support
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Municipal bond investors saw little supply price into a strong market on Tuesday ahead of Wednesday’s early session close before the Fourth of July holiday. Janney: 1H was strong for munisThe first half of 2019 was good for municipal bond investors, Alan Schankel, managing director and municipal strategist at Janney, writes in a monthly market
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ETF Overview The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) focuses on long-term investment grade corporate bonds in the United States. The ETF tracks the Markit iBoxx USD Liquid Investment Grade Index. The index screens out corporate bonds that have maturity below 3 years. LQD has very low credit risk, as all of
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Puerto Rico bankruptcy Judge Laura Taylor Swain has ruled that holders of Employees Retirement System bonds are not entitled to continued payment in bankruptcy, saying among other things that the bonds’ revenues weren’t protected “special revenues.” Swain issued her ruling in an adversary proceeding on Thursday. It affects $3.2 billion of ERS bonds in default
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CEF investors are faced with hundreds of funds across different managers, asset classes, tax structures and risk profiles. Just like the well-known jam experiment study, this variety is not always easy-to-digest, so to speak. One obvious way investors can structure their allocations is by selecting sectors they like or understand. This sector-based allocation framework gives
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People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Friday: J.P. Morgan Chase, Goldman Sachs, Citigroup — Shares surged more than 2% after the Federal Reserve said all major U.S.-based banks passed the central bank’s annual stress
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Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision. Koinex Shutdown In an official statement, Koinex says it has always wanted to provide
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