The Association of International Certified Skilled Accountants and the Chartered Institute of Management Accountants (AICPA and CIMA) has recognised 177 accounting and finance professionals in Sri Lanka with their ACMA and FCMA certificates, alongside the Chartered Global Management Accountant (CGMA) designation.
This took place at an awards ceremony organised by the Association of International Certified Skilled Accountants (AICPA and CIMA).
The event also recognised 192 candidates who accomplished their CGMA exams.
AICPA and CIMA Sri Lanka acting country manager Tharindu Wijewardana said: “I would love to increase my heartfelt due to CIMA President and Association Chair, Simon Bittlestone, FCMA (UK), CGMA, in addition to our supportive partners for joining us to welcome 177 latest CGMA designation holders to the career and have a good time the achievements of 192 exam-complete CGMA candidates.
“Looking across the room, I’m confident that the accounting and finance career in Sri Lanka has a brilliant future ahead. Your dedication and exertions are truly inspiring, and I sit up for seeing the remarkable contributions you’ll make within the years to return.”
FCMA (UK), CGMA, CIMA president and the AICPA and CIMA chair Simon Bittlestone, emphasised that the expertise gained by these professionals would help them turn into architects in shaping the long run of their organisations.
He further stated: “It’s an honour for me to have the option to welcome in person a latest generation of Sri Lankan accounting and professionals. They’ve demonstrated exceptional resilience and determination to achieve their goals and turn into a part of our great career.”
The ceremony also follows research conducted by AICPA and CIMA, which explores the impact of EU regulations on climate risk management and disclosure.
The study revealed that firms based within the European Union (EU) are significantly more more likely to discover climate risk as a top organisational concern in comparison with their global counterparts.
The worldwide survey, which involved 436 board members, C-suite executives, and risk managers, was developed by researchers from NC State University (US), the University of Bari Aldo Moro (Italy), and the University of Economics Katowice (Poland).
“AICPA, CIMA award 177 professionals ACMA, FCMA certificates ” was originally created and published by The Accountant, a GlobalData owned brand.
The data on this site has been included in good faith for general informational purposes only. It just isn’t intended to amount to advice on which it’s best to rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You could obtain skilled or specialist advice before taking, or refraining from, any motion on the premise of the content on our site.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Ripple CEO Brad Garlinghouse confirmed in an interview with FOX Business that financial institutions, particularly banks, are increasing their engagement with Ripple and XRP following the US Securities and Exchange Commission’s (SEC) decision to finish its investigation into the corporate. The event marks a major turning point for Ripple and potentially the broader digital asset sector in the USA.
Ripple CEO: US Market Reawakens
Garlinghouse, reflecting on Ripple’s multi-year legal battle with the SEC, described the conclusion as an industry-wide win. “Ripple is de facto amongst the very first crypto firms to get sued by the SEC. We said then, when it began, that the SEC was going to be on the incorrect side of the law in addition to on the incorrect side of history. It took longer than we’d have liked… greater than $150 million of legal bills, but we’re thrilled with the final word end result. It allows us to essentially unlock the US market,” Garlinghouse stated.
Ripple, which has traditionally focused on cross-border payments, faced significant headwinds within the US market in the course of the regulatory uncertainty. In response to Garlinghouse, about 95% of Ripple’s current customer base consists of non-US financial institutions, including global giants like HSBC and BBVA. Nevertheless, the conclusion of the SEC investigation is now prompting a noticeable shift in domestic engagement.
“Within the six weeks after President Trump was elected, we signed more deals in the USA than we had within the previous six months. These are very revolutionary technologies. I believe they’re going to play out over 10, even 20 years by way of how they integrate and rewire the financial infrastructure of the USA. That’s across payments, that’s across even the settlement of perhaps real estate transactions, securities transactions. […] I believe persons are underestimating how big that change is,” Garlinghouse disclosed.
The increased interest follows two major executive orders signed by President Trump as a part of his pro-crypto agenda. These include initiatives geared toward “strengthening American leadership in digital financial technology” and establishing a “Strategic Bitcoin Reserve and US digital asset stockpile”. Speaking on the Digital Asset Summit in Recent York City last week, President Trump told attendees, “You’ll unleash an explosion of economic growth, and with the dollar-backed stablecoins, you’ll help expand the dominance of the US dollar.”
Garlinghouse called the shift in sentiment a profound “unlock” for US financial institutions. He remarked, “Banks that were really hesitant and nervous about touching crypto technologies and even helping their customers, those banks and people financial institutions are leaning in now, and that’s an enormous deal—not only for Ripple, but for the entire industry.”
The conversation also turned toward the continued regulatory framework discussions in Washington. Garlinghouse praised the efforts of lawmakers reminiscent of Senator Cynthia Lummis and Congressman French Hill, who’re leading initiatives to make clear how digital assets are classified and controlled under US law. “It could actually’t just be executive orders. It must be codified with legislative efforts by Congress,” he stated, referencing progress on each a stablecoin bill and a market structure bill that would provide the clarity the industry has long sought.
Garlinghouse reiterated that XRP’s legal status has already received validation from the federal judiciary: “XRP was deemed to be a commodity or not a security by a federal judge, which is the other of what the SEC had said.” This ruling, coupled with pending laws, is predicted to strengthen Ripple’s position each domestically and internationally.
With trillions of dollars still flowing through outdated global payment systems like SWIFT, Garlinghouse sees the modernization opportunity as massive. “That’s a technology architecture developed 50 years ago. There’s a possibility to modernize that […] The US is finally unlocked, and I believe persons are underestimating how big that change is.”
As Ripple moves forward, the corporate anticipates that regulatory clarity will speed up the mixing of blockchain technologies into mainstream financial services, starting from payments to securities settlement. Garlinghouse concluded, “That can allow this innovation, allow more job creation, more innovation, and admittedly capital formation here in the USA.”
Featured image from YouTube, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and every page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
JAKARTA (Reuters) – Latest sovereign fund Danantara Indonesia unveiled on Monday what it called a “dream team” to chart its strategy, including ex-presidents in addition to advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and former Thai premier Thaksin Shinawatra.
Danantara, launched last month, is Indonesian President Prabowo Subianto’s major vehicle to attain his 8% economic growth goal by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in business projects.
The fund is slated to eventually manage greater than $900 billion value of assets and has been described by officials as Indonesia’s version of Singapore’s Temasek.
Former Indonesian Presidents Joko Widodo and Susilo Bambang Yudhoyono were named members of the fund’s steering committee, while Dalio, founding father of the world’s largest hedge fund Bridgewater, will assume the advisory role alongside Thaksin, a billionaire who spent 15 years in self-exile avoiding jail for abuse of power and is the daddy of Thailand’s current premier Paetongtarn Shinawatra.
Reuters couldn’t immediately contact Widodo and Yudhoyono for comment, while Bridgewater and Thaksin’s representatives didn’t immediately reply to requests for comment.
Media reports said former British Prime Minister Tony Blair can also be set to turn out to be an advisor to Danantara. When asked whether Blair will join, Danantara CEO Rosan Roeslani would only say that the fund will announce more names later.
Sachs in an email told Reuters he had been appointed Prabowo’s special adviser.
“And on this capability (I) will serve on the advisory board of Danantara,” he said. “My work is entirely voluntary, to support Indonesia’s sustainable development, and is with none compensation.”
These advisers will offer guidance on managing the impact of worldwide risks from intensified financial volatility and geopolitical aspects, Danantara’s Chief Investment Officer Pandu Sjahrir said on the appointment ceremony.
‘POSITIVE SIGNAL’
In its first wave of investment value $20 billion, Danantara will goal projects in natural resources processing, artificial intelligence development, and energy and food security.
The establishment of Danantara and concerns in regards to the state’s substantive role within the economy were among the many causes of a market selloff last week in Southeast Asia’s biggest economy, based on some analysts, when the major stock index fell as much as 7%, triggering a trading halt.
Indonesian stocks tumbled on Monday to their lowest since August 2021, while the rupiah currency hit a three-week low as concerns over the country’s fiscal health and growth prospects linger.
There have been concerns in financial markets over potential political interference in Danantara, though Prabowo has said the fund might be audited anytime by anyone.
Rosan said the appointments of skilled executives would further secure market confidence.
“When these names are received well, it might be a positive signal for the Indonesian economy, job creation,” he said at the identical event, adding all of Indonesia’s state-owned enterprises were now under the brand new fund’s management.
Danantara’s team structure could potentially secure market trust because it is crammed with global names who’ve credibility within the financial sector, Oktavianus Audi, an equity analyst at Kiwoom Sekuritas, told Reuters.
An economist at Paramadina University Wijayanto Samirin, nonetheless, said the fund’s management must be sure that it couldn’t be subject to political interference in future.
Danantara’s directors include former officials from banks corresponding to Bank Mandiri and HSBC, a former director at Indonesia’s central bank, in addition to the previous chief investment officer of Indonesia Investment Authority, the country’s first sovereign wealth fund.
(Reporting by Stefanno Sulaiman and Stanley Widianto; Additional reporting by Panu Wongcha-um in Bangkok; Writing by Fransiska Nangoy; Editing by Martin Petty and Susan Fenton)
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Massachusetts’ top securities regulator has initiated an investigation into Robinhood’s recent decision to launch a prediction-markets hub. This platform allows users to wager on the outcomes of varied events, including the favored NCAA “March Madness” college basketball tournaments.
The investigation, led by Secretary of State Bill Galvin, seeks to scrutinize the implications of linking sports betting to brokerage accounts, particularly amongst younger investors.
Robinhood Defends Recent Prediction Markets
Galvin expressed his concerns in an interview with Reuters, stating that Robinhood’s actions may very well be seen as a tactic to draw young investors through what he described as a “gambling event.” He remarked, “That is just one other gimmick from an organization that’s superb at gimmicks to lure investors away from sound investing.”
As a part of the investigation, Galvin’s office issued a subpoena to Robinhood, requesting detailed details about its users in Massachusetts who’ve expressed interest in trading college sports event contracts.
These event contracts enable traders to bet on specific outcomes, creating opportunities for profit across various sectors, including sports, entertainment, and politics. Nonetheless, their increasing popularity has sparked a contentious debate, with proponents viewing them as a latest asset class and critics likening them to gambling.
The subpoena not only seeks to discover users with brokerage accounts who’ve requested to trade these contracts but additionally demands copies of Robinhood’s marketing materials.
A spokesperson for Robinhood defended the prediction markets, asserting that they’re regulated by the US Commodity Futures Trading Commission (CFTC) and are offered through CFTC-registered entities.
“Prediction markets have turn into increasingly relevant for retail and institutional investors alike,” the spokesperson stated, emphasizing Robinhood’s commitment to providing these products in a secure and controlled manner.
Renewed Legal Challenges
Robinhood has stated that its prediction markets might be available across the US via the derivatives trading platform KalshiEX, allowing customers to bet on outcomes for the NCAA tournaments.
This launch on March 17 followed the corporate’s recent scrapping of event contracts for the Super Bowl, which occurred only a day after they were introduced on the request of the CFTC.
Despite the regulatory scrutiny, a CFTC spokesperson confirmed that the agency found no legal grounds to forestall Robinhood from offering these contracts, as they’re listed on a CFTC-registered exchange.
Nonetheless, Galvin’s investigation is specializing in Robinhood’s internal communications regarding the choice to supply college sports event contracts, particularly in light of the CFTC’s prior guidance.
This investigation shouldn’t be the primary legal challenge Robinhood has faced from Galvin’s office. In 2020, the platform was accused of encouraging “inexperienced investors” to make “dangerous trades” through gamified features, comparable to celebratory confetti for every executed trade. The corporate ultimately agreed to pay $7.5 million in 2024 to resolve these claims and related issues from a knowledge security breach investigation.
The day by day chart shows HOOD’s valuation trending upwards. Source: HOOD on TradingView.com
Featured image from Shutterstock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and every page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
(Reuters) -Australia’s Gold Road Resources said on Monday it had rejected Gold Fields’ $2.1 billion buyout bid since it believed the offer materially undervalued the corporate and was “highly opportunistic”.
Gold Fields’ CEO Mike Fraser told Reuters he was still confident that Gold Road’s shareholders would back the deal.
With its offer, the South African miner goals to consolidate ownership over the low-cost, long-life Gruyere gold mine in Western Australia, which it operates under a three way partnership with Gold Road.
“The offer attributes no value in any respect to the potential underground expansion of the Gruyere mine,” Gold Road said in a press release.
Gold Road said it had tabled another offer to purchase Gold Fields out of Guyere, but its proposal was rejected by the Johannesburg-based miner.
In a press release on Monday, Gold Fields said it was “upset that the Gold Road board has not constructively engaged on key elements of the proposal”.
Fraser told Reuters in an interview that there was “a distinct view on value from the (Gold Road) management viewpoint than what the market sees, which is represented by the share price”.
“We do think that the shareholders will like this transaction,” adding that he expects “more transparent conversations with their shareholders and our shareholders across the merits of this transaction”.
Engagements with some common shareholders in each Gold Fields and Gold Road had shown “strong signals” of support for the deal, Fraser added.
He said Northern Star Resources’ imminent $3.3 billion buyout of De Grey Mining, which counts Gold Road as its top shareholder, was one among the important thing catalysts for Gold Fields’ bid.
Under its proposal, Gold Fields said it intended to vote in favour of the Northern Star transaction.
Gold miners are undergoing a wave of consolidation this yr as corporations seek to grow their reserves at a time of sky high bullion prices.
Ramelius Resources agreed to take over Spartan Resources for A$2.4 billion last week. In October, Gold Fields bought Osisko Mining for C$1.93 billion ($1.35 billion), making it the complete owner of the Windfall project in Canada.
($1 = 1.5929 Australian dollars)
($1 = 1.4337 Canadian dollars)
(Reporting by Aaditya Govind Rao in Bengaluru and Nelson Banya in Harare; Editing by Eileen Soreng, Mrigank Dhaniwala and Susan Fenton)
The Float MT4 Indicator is your solution. This tool for MetaTrader 4 analyzes currency pair history. It reveals hidden trends by processing 200 bars of knowledge.
Don’t let confusing charts hold you back. With Float MT4, you’ll gain a transparent edge in foreign currency trading.
The Float MT4 Indicator shines in trend evaluation. It measures trading volume percentages. Rates above 50% signal strong buying pressure and possible price increases.
Rates below 50% indicate selling pressure and possible price drops. This powerful tool works on each MT4 and MT5 platforms. It’s a flexible selection for traders.
Understanding the Float MT4 Indicator Fundamentals
The Float MT4 Indicator is a robust tool for traders. It helps spot trends and analyze markets. This tool gives traders a transparent view of market movements, aiding in quick decisions.
What’s Float Indicator and Its Purpose
The Float Indicator shows when trends start and end. It uses Fibonacci and DiNapoli levels on charts. This helps traders understand the market higher.
Core Features and Advantages
Key features of the Float MT4 Indicator include:
Separate trend visualization
Fibonacci and DiNapoli level integration
Advanced trend detection capabilities
Customizable parameters for personalized evaluation
These features help traders lots. They’ll spot trend changes and make higher decisions. The Fibonacci and DiNapoli levels help find the most effective times to purchase or sell.
Historical Development and Evolution
The Float MT4 Indicator has grown from old trend tools. It was made to research markets higher. Now, it uses Fibonacci and DiNapoli levels, making it a top tool for traders today.
Feature
Profit
Trend Visualization
Clear market direction identification
Fibonacci Levels
Precise support and resistance points
DiNapoli Levels
Enhanced price motion evaluation
Customization Options
Tailored evaluation for various trading styles
How Float MT4 Indicator Analyzes Market Trends
The Float MT4 Indicator is a robust tool for trend evaluation in foreign currency trading. It looks at historical data to identify market trends. It uses 200 bars by default.
This detailed look helps traders see chart patterns and market behavior over time.
The Float MT4 Indicator has a special feature called repainting. It updates its levels because the market changes. But, traders mustn’t use these levels as direct trading signals.
Swing zone borders: Blue, solid lines with width 1
Swing lines: Red, dotted lines with width 1
Fibonacci levels: Green, dashed lines with width 1
DiNapoli levels: Red, dotted lines with width 1
These visual cues help traders spot key levels and possible trend reversals. The newest version (1.02) lets users change colours, styles, and widths. This makes the evaluation higher and more fun.
Feature
Description
Default Setting
Bars Processed
Variety of bars analyzed for trend
200
Repainting Behavior
Levels revised based on market changes
Continuous
Swing Zone Borders
Visual representation of trend boundaries
Blue, Solid, Width 1
Fibonacci Levels
Key price levels based on Fibonacci ratios
Green, Dashed, Width 1
Essential Input Parameters and Customization Options
The Float MT4 Indicator has many customizable features. These help make your trading higher. Let’s take a look at the important thing settings and visual options you’ll be able to change.
Float Parameter Settings
The Float parameter controls what number of bars the indicator looks at. You possibly can adjust this to match your trading style. Try different values to see what works best for you.
Object Prefix Configuration
The Object Prefix setting helps you retain track of multiple indicators. You possibly can give every one a singular name. This makes it easier to check different setups.
Visual Settings and Style Options
It’s also possible to change how the indicator looks. Adjust the road styles, widths, and colours to your liking. These changes show you how to make your trading clearer.
Setting
Customization Options
Line Style
Solid, Dashed, Dotted
Line Width
1-5 pixels
Color Palette
Full RGB spectrum
Color and Line Customization
Adjust the colours and features to make the indicator more useful. This enables you to concentrate on key signals. It also makes your trading area more personal.
Learning to customize the Float MT4 Indicator may help. Spend time trying out different settings. Find those that suit your trading strategy best.
Fibonacci and DiNapoli Levels Integration
The Float MT4 Indicator combines Fibonacci retracement and DiNapoli levels. This mix helps traders higher understand market trends. It gives them tools to identify vital price levels.
Fibonacci retracement levels use the golden ratio. They assist traders find support and resistance areas. The indicator shows these levels on the chart. This helps users predict when prices might change or keep going.
DiNapoli levels, made by Joe DiNapoli, add more points for evaluation. These levels include:
Response Point (RP)
Buy Countertrend (BC)
Sell Countertrend (SC)
Buy Continuation (BCC)
Sell Continuation (SCC)
Float MT4 Indicator combines these two methods. It gives an in depth take a look at possible price movements. Traders can use these levels to set goals and limits, making their trading safer.
Float MT4 Indicator’s mixture of Fibonacci and DiNapoli levels is a giant plus. It helps traders understand market trends and when prices might flip. This leads to higher trading decisions.
Float’s user rating is 0, however it costs $67. This makes it a mid-range tool in Foreign currency trading. Traders should use Float with other tools for a full market view.
Advanced Features and Technical Specifications
The Float MT4 Indicator offers powerful tools for traders. It uses tick volume for trend evaluation, giving latest insights into market moves. This method is debated in Foreign currency trading but offers a fresh view on price motion.
This indicator works with 15 other tools, like pivot points and renko charts. It also matches with 12 add-ons for MetaTrader 4. This makes it very versatile for market evaluation.
Time range selection for correlation evaluation
Adjustable timeframes for measuring market relationships
Flexible alert options, including email, SMS, and Twitter notifications
Advanced users will just like the Excel RTD plugin. It enables you to pull real-time data from MT4 to Excel spreadsheets. This helps with deeper evaluation and custom reports.
Feature
Description
Tick Chart Trader
Ultra-fast trades with one-click functionality
Chart-in-Chart
Candle-by-candle comparison of two symbols
Magnifier
View lower intervals inside highlighted chart areas
Mini Chart
Drag-and-drop smaller charts throughout the MT4 workspace
These features make the Float MT4 Indicator a top selection for traders. It’s great for improving your technical evaluation skills.
Comparing Float with Other Trend Indicators
The Float MT4 Indicator is a standout on the earth of trading tools. It’s a free custom indicator for MT4 and MT5. It has unique features that make it different from other trend indicators.
Benefits Over Traditional Indicators
Float is a top performer on the subject of trend indicators. It goes beyond basic moving averages by adding Fibonacci and DiNapoli levels. This offers traders deeper insights into the market.
Unlike single-line indicators, Float offers a full view of market trends. This makes it a better option for traders.
Enhanced trend evaluation with multiple reference points
Reduced lag in comparison with easy moving averages
Integrated support and resistance levels
Performance Evaluation
Float performs well in numerous market conditions. Its dynamic approach helps it adapt to market changes. This makes it more reliable than static indicators like RSI or MACD.
Feature
Float
Traditional MA
RSI
Trend Identification
High
Moderate
Low
Lag Reduction
Significant
Minimal
Moderate
Support/Resistance
Integrated
None
None
Float’s ability to research trends and supply clear signals is invaluable. It helps traders get a full view of the market. This makes it an awesome tool for those in search of detailed insights.
Easy methods to Trade with Float MT4 Indicator
Buy Entry
Search for a bullish trend or a support level (price bouncing off a key support zone).
Consider a bullish candlestick pattern (e.g., engulfing, hammer) near support.
Ensure RSI is above 30 and moving towards 50 or higher (indicating potential upward momentum).
MACD line crosses above the signal line.
Search for the price above a moving average (e.g., 50-period MA) indicating an uptrend.
After entering a protracted position, look ahead to a floating profit because the market moves in your favor.
Once the value moves up, your floating P&L will show a profit. Keep track of this for exit decisions.
Set a stop-loss just under probably the most recent support or recent swing low.
Set a take-profit based on a predetermined risk-to-reward ratio (e.g., 1:2).
Sell Entry
Search for a bearish trend or a resistance level (price hitting a key resistance zone and showing rejection).
Consider a bearish candlestick pattern (e.g., engulfing, shooting star) near resistance.
Ensure RSI is above 70 (overbought) or moving down from the overbought zone, indicating a possible downward reversal.
MACD line crosses below the signal line.
Search for the price below a moving average (e.g., 50-period MA) indicating a downtrend.
After entering a brief position, monitor for a floating profit because the market moves down.
If the value drops, your floating P&L will show profit. Observe closely for exit strategies.
Set a stop-loss just above probably the most recent resistance or recent swing high.
Set a take-profit based on a predetermined risk-to-reward ratio (e.g., 1:2).
Conclusion
The Float MT4 Indicator is a top tool for traders. It gives a latest view on price changes. It mixes old and latest ways to research markets.
It uses Fibonacci and DiNapoli levels to point out market trends. This helps traders make higher decisions.
This tool makes complex market data easy to know. It’s easy to establish and may be modified to suit different traders. It really works with many time frames and currency pairs.
But, remember, trading is greater than only a tool. Traders need to make use of many methods and manage risks well. The Float MT4 Indicator is an awesome assist in learning and improving trading skills.
Advisable MT4/MT5 Broker
XM Broker
Free $50 To Start Trading Immediately!(Withdraw-able Profit)
Deposit Bonus as much as $5,000
Unlimited Loyalty Program
Award Winning Forex Broker
Additional Exclusive Bonuses Throughout The 12 months
Exclusive 50% Money Rebates for all Trades!
>> Sign Up for XM Broker Account here with Exclusive 50% Money Rebates For All Future Trades [Use This Special Invitation Link] <<
Already an XM client but missing out on cashback? Open Recent Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
Municipals were weaker Monday, as U.S. Treasury yields rose and equities ended up.
The 2-year municipal to UST ratio Monday was at 66%, the five-year at 69%, the 10-year at 73% and the 30-year at 89%, in line with Municipal Market Data’s 3 p.m. EDT read. ICE Data Services had the two-year at 67%, the five-year at 70%, the 10-year at 74% and the 30-year at 91% at 4 p.m.
The continued onslaught of sturdy recent issuance and UST volatility “further hindered muni performance for the month, however the market began to firm up by the top of the [last] week,” said Birch Creek strategists.
Nevertheless, that could be short-lived as munis were weaker Monday, with yields cut as much as 4 basis points, depending on the curve. UST yields rose even further, with yields moving higher seven to nine basis points.
Then again, lighter supply, at an estimated $7.9 billion this week, and still-attractive valuations should allow for solid muni performance this week, said J.P. Morgan strategists, led by Peter DeGroot.
Muni mutual funds saw outflows of $216.4 million last week as investors “proceed to tug their investments as a consequence of higher yields in addition to selling during tax season,” said Jason Wong, vp of municipals at AmeriVet Securities.
Nevertheless, those outflows were “relatively manageable” and the market managed to generate a good week of absolute performance, said Daryl Clements, a muni portfolio manager at AllianceBernstein.
Particularly, he noted, after a notable period of underperformance the long end of the muni curve found some support last week, with 30-year after-tax spreads tightening by three basis points.
“Longer maturities proceed to look quite attractive, although valuations are compelling across the complete curve,” Clements said. “That said, given consistent rate volatility, paired with a comparatively lackluster flow environment and elevated supply expected to proceed, we might not be surprised if valuations remain attractive for the following few weeks.”
The benchmark AAA muni curve saw yields stand up to 2 basis points out to 10 years but fell by five basis points in 30 years, besting treasuries within the longest maturities, Birch Creek strategists said.
By Wednesday afternoon, “after treasuries staged a powerful rally post-Fed and the muni market was unchanged to weaker across the curve,” the 10-year MMD-UST ratio ended the trading session at its highest level since September 2023, while the 30-year ratio was its widest since March 2023, they said.
“The relative cheapness appeared to spark a renewed interest within the asset class,” as dealers noted a broadening of the client base, with accounts appearing to “slowly come out of their hiding spots, causing customer purchases to leap by 20%,” Birch Creek strategists said.
MMD yields were bumped two to 4 basis points 20 years and in last week, seeing their first positive session of the month, they noted.
The $2 billion NY Dorm PIT competitive deal saw “a dealer step up with solid levels and a lot of the balances sold by the top of the week,” in line with Birch Creek strategists.
“Accounts looked ahead to next week’s light primary calendar, which helped boost spirits further,” they said.
AAA scales MMD’s scale was cut two basis points throughout a lot of the curve: The one-year was at 2.62% (unch) and a couple of.65% (+2) in two years. The five-year was at 2.82% (+2), the 10-year at 3.15% (+2) and the 30-year at 4.16% (unch) at 3 p.m.
The ICE AAA yield curve was cut two to 4 basis points: 2.69% (+2) in 2026 and a couple of.67% (+2) in 2027. The five-year was at 2.83% (+2), the 10-year was at 3.15% (+3) and the 30-year was at 4.17% (+3) at 4 p.m.
The S&P Global Market Intelligence municipal curve cut as much as a basis point: The one-year was at 2.62% (unch) in 2025 and a couple of.64% (+1) in 2026. The five-year was at 2.81% (+1), the 10-year was at 3.13% (+1) and the 30-year yield was at 4.16% (unch) at 4 p.m.
Bloomberg BVAL cut one to a few basis points: 2.54% (+1) in 2025 and a couple of.62% (+1) in 2026. The five-year at 2.78% (+2), the 10-year at 3.08% (+3) and the 30-year at 4.14% (+2) at 4 p.m.
Treasuries were weaker.
The 2-year UST was yielding 4.032% (+8), the three-year was at 4.011% (+9), the five-year at 4.09% (+9), the 10-year at 4.330% (+8), the 20-year at 4.686% (+7) and the 30-year at 4.658% (+7) near the close.
Primary to come back The Department of Airports of the City of Los Angeles (Aa3//AA-/) is ready to cost Thursday on behalf of the Los Angeles International Airport a $1.534 billion deal, consisting of $1.189 billion of green private activity/AMT subordinate revenue and refunding revenue bonds, serials 2026-2045, terms 2050, 2055; $175.58 million of personal activity/AMT subordinate revenue and refunding revenue bonds, 2025 Series B, serials 2026-2045, terms 2050, 2055; and $169.495 million of governmental purpose/Non-AMT subordinate refunding revenue bonds, 2025 Series C, serials 2026-2045. Barclays.
The Public Finance Authority is ready to cost Wednesday on behalf of the Salina Economic Development Authority, Oklahoma, $1.168 billion of non-rated American Tire Works Project revenue bonds, Series 2025A, term 2056. HilltopSecurities.
The Latest York City Municipal Water Finance Authority (Aa1/AA+/AA+/) is ready to cost Tuesday $603.715 million of water and sewer system second general resolution revenue refunding bonds, Fiscal 2025 Series CC, serials 2027-2032, 2037-2039, 2046. Raymond James.
The Board of Regents of the Texas A&M University System (Aaa/AAA/AAA/) is ready to cost Wednesday $372.15 million of Everlasting University Fund refunding bonds, Series 2025A. J.P. Morgan.
The Peralta Community College District, California, (/AA-/AA-/) is ready to cost Tuesday $361.785 million of GOs, consisting of $118.84 million of tax-exempt Series C-1 bonds, serials 2025-2026, 2043-2045, terms 2050, 2054; $211.785 million of tax-exempt refunding bonds, serials 2025-2039; and $31.16 million of tax-exempt Series C-2 bonds, serial 2025. Siebert Williams Shank.
The Missouri Housing Development Commission (/AA+//) is ready to cost Wednesday $250 million of non-AMT First Place Homeownership Loan Program single-family mortgage revenue bonds, 2025 Series C (Non-AMT), serials 2026-2037, terms 2040, 2045, 2050, 2055, 2056. Stifel.
The Texas Water Development Board (/AAA/AAA/) is ready to cost Tuesday $181.535 million of State Revolving Funds revenue bonds, Latest Series 2025, serials 2026-2046. Raymond James.
Louisiana (Aa3/AA//) is ready to cost Tuesday $150 million of gasoline and fuels tax second lien revenue refunding bonds, 2025 Series A. Wells Fargo.
The Colorado Health Facilities Authority (//A-/) is ready to cost Tuesday $148.62 million of Covenant Living Communities and Services revenue bonds, Series 2025A. Ziegler.
Kansas City, Missouri, (Aa2/AA+//) is ready to cost Thursday $144.315 million of water revenue bonds, Series 2025A. Morgan Stanley.
The Durango School District 9-R, Colorado, (Aa2///) is ready to cost Wednesday $130 million of Colorado State Intercept Program-insured GOs, serials 2025-2049. RBC Capital Markets.
The Jefferson Public Constructing Authority (Aa1/AA+//) is ready to cost Wednesday $106.39 million of School District of the City of Jefferson Project revenue bonds, serials 2036-2055. Raymond James.
Competitive California is ready to sell $212.565 million of non-AMT veterans general obligation bonds in two series: $62.565 million of Series CW bonds at 11:30 a.m. Tuesday and $150 million of Series CX bonds at 11:30 a.m. Tuesday.
Metro, Oregon, is ready to sell $200 million of GOs at noon Tuesday.
The Dorchester County School District No. 2, South Carolina, is ready to sell $200 million of South Carolina School District Credit Enhancement Program GOs, Series 2025A, at 11 a.m. Tuesday.
Oklahoma City, Oklahoma, is ready to sell $160 million of GOs at 9:30 a.m. Tuesday.
The Davis School District Board of Education, Utah, is ready to sell $100 million of Utah School District Bond Guaranty Program GOs at 11:30 a.m. Thursday.
A have a look at the day ahead in European and global markets from Vidya Ranganathan
It’s too soon to say “Salud” however the week begins with somewhat conciliatory messages from U.S. President Donald Trump on tariffs, coming right after the Fed’s cheery assessment of the economy.
The S&P 500 futures are up after a light-weight gain on Friday when Trump hinted at flexibility. But after a roller-coaster first two months in power – including tariff hits on China, Mexico and Canada – traders are shy about betting that Trump is able to cut deals.
Trump said that he planned to talk with Chinese President Xi Jinping and that the U.S. trade chief would speak together with his Chinese counterpart this week.
U.S. Republican Senator Steve Daines and heads of several foreign firms including Apple and Pfizer met Chinese Vice Premier He Lifeng on Sunday and were assured of the country’s business potential.
Monday will see the discharge of worldwide purchasing managers index (PMI) gauges, probably validating the sudden fiscal policy-spurred impetus for the German, French and other European economies.
And, in weekend news, Bloomberg reported that the U.S. hopes to succeed in a Russia-Ukraine truce agreement by April 20, while Trump said efforts to temper the conflict were “somewhat under control”.
Yet, despite all that, markets remain hung up on Trump’s proposed reciprocal tariffs on trading partner countries.
By latest accounts, tariffs are imminent and effective immediately, particularly on the 15% of nations which have the best tariffs and huge trading volumes with the U.S., which Treasury Secretary Scott Bessent refers to because the “Dirty 15”.
The European Union is in a placatory mood and has delayed its first counter-measures against america until mid-April.
Which means the 50% tariffs on U.S. bourbon, wine, toilet paper and other goods are under review.
France and Italy, the most important exporters of wine to america, are keen to avoid a trade war, as is Prime Minister Micheal Martin of whiskey-exporter Ireland, who was pleased Europe has decided to “properly and strategically respond”.
Besides PMIs, the remainder of the week holds the U.S. Federal Reserve’s preferred inflation reading, inflation data in Australia and Japan, a budget update in Britain and major earnings in China.
Fed officials said last week the U.S. economy was strong but backed a cautious policy approach because of economic uncertainty.
In emerging markets, Turkey’s lira is on a knife’s edge because the jailing of President Tayyip Erdogan’s fundamental rival unsettles investors.
Key developments that would influence markets on Monday:
SPEAKERS: Fed Governor Michael Barr, Bank of England Governor Andrew Bailey
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Trump Media and Technology Group Corp. (TMTG) announced on Monday that it has entered right into a non-binding agreement with Crypto.com to develop a series of exchange-traded funds (ETFs) and exchange-traded products under the Truth.Fi brand.
Recent Exchange-Traded Funds To Feature Bitcoin And Cronos
Based on Monday’s announcement, the planned exchange-traded funds will likely be available through Crypto.com’s broker-dealer, Foris Capital US LLC, and are expected to incorporate a combination of digital assets and traditional securities, particularly those with a concentrate on the US economy.
The collaboration will reportedly leverage Crypto.com’s technological infrastructure, which is able to handle backend operations, custody services, and provide cryptocurrencies for the ETFs.
Notably, the exchange-traded funds are set to include a basket of cryptocurrencies, including Bitcoin (BTC) and Cronos (CRO), the utility token for the Crypto.com platform, catering to the growing interest in digital assets amongst investors.
TMTG’s CEO and Chairman, Devin Nunes, expressed enthusiasm in regards to the partnership, emphasizing a commitment to creating “America First” investment products. “We aim to support progressive crypto ventures and great American corporations without the distractions of political posturing,” Nunes stated.
Nunes highlighted that the funds will concentrate on firms dedicated to rapid growth and technological innovation, providing investors with options that align with their principles.
International Rollout Planned For Trump Media’s ETFs
Kris Marszalek, co-founder and CEO of Crypto.com, echoed these sentiments, noting the corporate’s pride in partnering with TMTG and Yorkville America to launch these groundbreaking ETFs. Marszalek stated:
We’re proud to partner with Trump Media and Yorkville America, and to support the launch of those latest ETFs, including the primary of its kind basket of tokens including CRO. These ETFs give consumers more options from a brand with a loyal following. Once launched, these ETFs will likely be available on the Crypto.com App for our greater than 140 million users world wide.
Along with the ETFs, TMTG plans to introduce Truth.Fi Individually Managed Accounts (SMAs), which can even be funded through the corporate’s money reserves.
Per the announcement, the general financial strategy includes a big investment of as much as $250 million, to be managed by Charles Schwab, thereby enhancing TMTG’s footprint within the financial services sector.
The launch of those ETFs is anticipated later this 12 months, pending definitive agreements and regulatory approval. Once established, these products will likely be accessible internationally, including in major markets across america, Europe, and Asia, further expanding the reach of TMTG’s financial initiatives.
On the time of writing, the TRUMP memecoin is trading at $11.44, which is down over 80% from its current all-time high of $73, reached on the identical day of its debut on January nineteenth of this 12 months.
CRO alternatively, trading at $0.1017, has seen a large 24% spike following the partnership announcement, but can be down nearly 90% from its record high of $0.9654.
Featured image from NBC, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and every page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
HOUSTON (Reuters) -Oil prices gained 1% on Monday as U.S. President Donald Trump said he’ll impose a 25% tariff on countries that buy oil and gas from Venezuela.
Price gains were capped, nonetheless, because the U.S. gave oil producer Chevron until May 27 to wind down its oil operations and exports from Venezuela. Trump had initially given Chevron 30 days from March 4 to wind down that license.
The 2 moves taken together alleviate some pressure on Chevron while putting more pressure on other consumers of Venezuelan oil, though it’s uncertain how the Trump administration will implement the tariff.
Brent crude futures rose 84 cents, or 1.2%, to $73 a barrel, while U.S. West Texas Intermediate crude was up 83 cents, or 1.2%, at $69.11.
Also keeping a ceiling on prices, OPEC+’ will likely proceed with a planned May oil output hike, sources said, while talks continued to finish the war in Ukraine, which could increase supply of Russian crude to global markets.
“We have somewhat little bit of a supply shock of Venezuela losing barrels to the world market. In order that’s definitely a bullish force,” said Dennis Kissler, senior vice chairman of trading at BOK Financial, adding that investors were looking forward to tighter restrictions on Iran as well.
The U.S. on Thursday issued latest sanctions intended to hit Iranian oil exports, including what the State Department said were the primary U.S. measures targeting a Chinese “teapot refinery” processing the crude.
Each benchmarks settled higher on Friday and recorded a second consecutive weekly gain. Wall Street also surged on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.
Trump signalled on Friday that there will likely be flexibility on tariffs and that his top trade chief plans to talk together with his Chinese counterpart. He said on Monday he’ll within the very near future announce tariffs on automobiles, aluminium and pharmaceuticals.
He also urged the Federal Reserve to lower rates of interest after the U.S. central bank last week kept them unchanged. Lower rates decrease the prices of borrowing, and may boost economic activity and demand for oil.
Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and because of this now sees the Fed cutting its benchmark rate of interest only 1 / 4 of a percentage point by the top of this yr.
U.S. and Russian officials were in Saudi Arabia on Monday for talks over a broad ceasefire in Ukraine, with Washington also targeting a separate Black Sea maritime ceasefire deal while a wider agreement is thrashed out.
“The fear of more Russian barrels returning to the world market might be one in all the largest negatives that we have seen,” Kissler added.
OPEC+, a bunch that features OPEC and allied producers led by Russia, will likely persist with its plan to lift oil output for a second consecutive month in May, three sources told Reuters, amid regular oil prices and plans to force some members to scale back pumping to compensate for past overproduction.
The group, which pumps over 40% of the world’s oil, is scheduled to lift output by 135,000 barrels per day in May.
OPEC+ has been cutting output by 5.85 million bpd, equal to about 5.7% of worldwide supply, in a series of steps since 2022 to support the market.
(Reporting by Yuka Obayashi in Tokyo, Trixie Yap in Singapore and Arunima Kumar in BengaluruEditing by David Goodman, David Evans, Nia Williams and Deepa Babington)
