Month: December 2018

As the muni market continues to end the year on a strong note, market participants were wondering about what to watch out for in 2019. One Mid-Atlantic trader said he expects 2019 to bring more regulation, resulting in less liquidity and more desk closures. “I think there will be more regulatory emphasis on [exchange-traded products],
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In ECC: What The NAV? (public link) we uncovered some puzzling observations about how Eagle Point Credit Company’s (ECC) NAV appeared to behave (strangely) relative to other benchmarks and funds. This second part will revisit the use of the CCC index in understanding ECC’s NAV behavior, and also discuss whether ECC’s NAV drop represents a
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In the week ended Dec. 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.13% last week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped one basis point to 4.10% from 4.11% in the
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Share to facebook Share to twitter Share to linkedin The living room fireplace is surrounded by a slab of white marble.Andrew Bramasco Billionaire Mark Cuban bought a $19 million beach house on the Southern California coast a few days before Christmas. The home has six bedrooms, nine bathrooms, a media room, a library, a wine cellar, a
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WASHINGTON – The legislative outlook for the tax treatment of municipal bonds is brighter in 2019 than a year ago with a strong supporter of municipal bonds ascending to the chairmanship of the Ways and Means Committee as part of the new Democratic majority. Rep. Richard Neal, D-Mass., begins serving as chair the panel that
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Sea wreck on Long Island, Bahamas. (Photo by DeAgostini/Getty Images)Getty Star Resort Group Inc. announced plans to build Port St. George Resort, The Bahamas’ first ever eco-engineered luxury waterfront destination. The 882-acre mixed-used tourist development will span coast to coast on Long Island, often described as the most beautiful Bahamian island. Port St. George harbor
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The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but since 2013 Apple’s share count has declined from 6.5 billion shares to 4.5 billion —
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Brexit-supporting hedge-fund manager Crispin Odey has seen profits more than halved at his boutique investment house. MarketWatch topics: Brexit Operating profit has slumped to £8.7 million (roughly $11 million) for the year ending in April 2018 from £18.6 million, according to the latest accounts for Odey Asset Management, which were published Friday at Companies House.
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Investment Thesis A price drop of VanEck Vectors Russia ETF (NYSEARCA:RSX) (a fund offers exposure to equities from Russian) to one and a half of one-year minimum does not mean a good time to buy. It is because fundamentally the Russian market is not prone to significant growth in the coming year. Judging by the
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Check out the companies making headlines after the bell: Aphria shares soared more than 20 percent during after-hours trading Thursday as Green Growth Brands announced it would launch a takeover bid for the company. Green Growth Brands is a marijuana retailer and Aphria is one of the largest Canadian cannabis companies in the world. P&G
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Stocks losses accelerated on Thursday as markets gave back a chunk of the previous day’s record rally. But traders are betting that there’s upside ahead for Yelp. On Thursday investors bought more than 26,000 Yelp calls at the February 35 strike price, according to Investitute co-founder and “Halftime Report” contributor Jon Najarian. Shares are more
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