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Philippines launches interest rate swaps market to boost bond liquidity
  • November 17, 2024

Philippines launches interest rate swaps market to boost bond liquidity

The Philippine central bank announced the launch on Monday of an interest rate swaps market anchored to a newly established benchmark rate to enhance bond market trading and liquidity. The start of IRS transactions follows the recognition by the International Swaps and Derivatives Association of the benchmark - the overnight reference rate (ORR) - which the Bankers Association of the Philippines helped establish. IRS, a fixture of developed fixed-income markets, lets parties manage rate risk or bet on the direction of borrowing costs by exchanging fixed and floating interest rate streams.

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Asset managers bet grid stocks will soar in Trump’s anti-ESG era
  • November 17, 2024

Asset managers bet grid stocks will soar in Trump’s anti-ESG era

(Bloomberg) -- After watching wind and solar stocks plummet in the hours after Donald Trump’s election victory, asset managers are zeroing in on a corner of the green transition they say will defy the president-elect’s anti-ESG agenda: the grid.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceUnder Trump, Prepare for New US Transportation PrioritiesA Bug’s Eye View of Mexico City’s Modernist

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1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Target
  • November 17, 2024

1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Target

• Fed speakers and Nvidia earnings will be in focus this week. • Nvidia is a buy with another huge beat-and-raise quarter on deck. • Target is a sell amid declining sales, downbeat outlook expected. • Looking for more actionable trade ideas? Subscribe here for up 55% off as part of our Early Bird Black Friday sale! U.S. stocks finished lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, as a post-election rally ran out of steam and investors worried o

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Trump’s Scoreboard Is the S&P 500, and It’s Wall Street’s Best Hope
  • November 17, 2024

Trump’s Scoreboard Is the S&P 500, and It’s Wall Street’s Best Hope

(Bloomberg) -- If Wall Street learned one thing during Donald Trump’s first term as president, it’s that the stock market is a way he keeps score. At various points he took credit for equities rallies, urged Americans to buy the dip, and even considered firing Federal Reserve Chairman Jerome Powell, who he blamed for a selloff. Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceUnder Trump, Pr

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