Investment Learning

  • May 8, 2024

US House Votes To Overturn SEC Cryptocurrency Custody Accounting Standards

According to PANews, the US House of Representatives has voted in favor of a resolution aimed at overturning the Securities and Exchange Commission's (SEC) cryptocurrency custody accounting standards. The vote was passed with a result of 228-182, with majority support from Republicans and 21 Democrats voting in favor. The announcement, first issued in 2022, has sparked controversy over the past year. It requires cryptocurrency custody companies to record customer-held cryptocurrencies as liabilities on their balance sheets. The crypto industry fears this move could prevent banks from protecting digital assets. At present, it is unclear whether this resolution will become law. However, the White House issued a 'government policy statement' on Wednesday, stating that President Biden will veto the resolution. The White House stated that 'restricting the SEC's ability to maintain a comprehensive and effective financial regulatory framework for crypto assets will bring serious financial instability and market uncertainty.' The resolution may be submitted to the Senate Banking Committee and subsequently voted on by all members of the Senate.

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  • May 8, 2024

REFILE-TREASURIES-Yields steady ahead of 10-year note auction

U.S. Treasury yields held firm on Wednesday on optimism that the Federal Reserve will lower rates more than once this year, but investors had little incentive to trade ahead of important inflation data next week. The Treasury will sell $42 billion in 10-year notes later in the day, after Tuesday's well-received sale of 3-year Treasuries. The yield on benchmark U.S. 10-year notes rose 2.1 basis points from late Tuesday to 4.482%.

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  • May 8, 2024

Real estate, REIT opportunities in this high rate environment

The dark cloud hanging over the US real estate market may be casting an even longer shadow on REITs, or real estate investment trusts. The Federal Reserve's sentiment on keeping interest rates higher for longer has prolonged elevated mortgage rates, which have run rampant and impaired Americans' ability to buy or own a home. Janus Henderson Investors Global Real Estate Portfolio Manager Gregory Kuhl and Haendel St. Juste, Mizuho Senior Equity Research Analyst for REITs and Homebuilders, sit down with Yahoo Finance's Market Domination to talk about the Fed's monetary policy and its reverberations felt by REITs and the broader real estate industry. "We're pretty optimistic that assuming we are done in terms of Fed rate hikes and higher rates, listed REITs today are priced for the interest rate environment that we have, which means they can do well," Kuhl explains, adding: "It's not an issue of fundamentals, it's purely an issue of valuation, which we think we're getting towards the end of." Kuhl and St. Juste weigh in on areas of the real estate sector that show promise, naming a few standout stocks from the landscape. "We point people to sectors where there's clear demand tailwinds — apartments, healthcare data centers, and stocks [with] names with, pricing power, better than average earnings growth to alleviate some of those concerns," St. Juste comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

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  • May 8, 2024

Indonesia's Commodity Regulator Establishes Committee To Oversee Cryptocurrency Industry

According to Foresight News, Indonesia's Commodity Regulatory Authority, Bappebti, has established a dedicated committee to oversee the cryptocurrency industry. The committee, composed of representatives from Bappebti, various government departments, cryptocurrency exchanges, clearing institutions, associations, scholars, and relevant practitioners, will analyze industry reports, manage a central database, assess cryptocurrency asset risks, and have the authority to recommend adding or removing assets from the list.

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