Americas ETP News up to 1 year Ago
Krane Shares Trust files with the SEC-KraneShares Hedgeye Hedged Equity Index ETF
February 9, 2024--Krane Shares Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the KraneShares Hedgeye Hedged Equity Index ETF.
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Listed Funds Trust files with the SEC-TrueShares Active Yield ETF
February 9, 2024--Listed Funds Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the TrueShares Active Yield ETF.
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Northern Lights Fund Trust IV files with the SEC-4 Monarch ETFs
February 9, 2024--Northern Lights Fund Trust IV has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Monarch Dividend Plus Index ETF
Monarch Select Subsector Index ETF
Monarch Volume Factor Dividend Tree Index ETF
Monarch Volume Factor Global Unconstrained Index ETF.
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EA Series Trust files with the SEC-Keating Active ETF
February 9, 2024-EA Series Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Keating Active ETF.
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Fidelity Covington Trust files with the SEC-Fidelity Fundamental Large Cap Value ETF
February 9, 2024-Fidelity Covington Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Fidelity Fundamental Large Cap Value ETF.
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Fidelity Merrimack Street Trust files with the SEC-Fidelity Low Duration Bond ETF
February 9, 2024-Fidelity Merrimack Street Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Fidelity Low Duration Bond ETF.
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CBO-How CBO Projects Inflation
February 9, 2024--Summary
The Congressional Budget Office projects consumer price inflation by making projections for individual types of goods and services and then aggregating them into forecasts for economywide consumer price inflation. Each projection accounts for variation across economic sectors in price sensitivity to cyclicality, persistence, and global and supply-side factors.
For instance, many services are more sensitive to cyclical fluctuations than many goods, and many goods are more sensitive to supply-side factors than many services. The approach aims to flexibly incorporate shocks to prices of specific goods and services into CBO's macroeconomic forecast and to produce disaggregated forecasts of prices for use in the agency's budgetary analyses.
CBO-Monthly Budget Review: January 2024
February 8, 2024--The federal budget deficit totaled $531 billion in the first four months of fiscal year 2024, CBO estimates-$71 billion more than the deficit recorded during the same period last fiscal year.
Summary
The federal budget deficit totaled $531 billion in the first four months of fiscal year 2024, the Congressional Budget Office estimates.
That amount is $71 billion more than the deficit recorded during the same period last fiscal year: Although revenues this year were $112 billion (or 8 percent) higher, outlays rose more-by $183 billion (or 9 percent).
Outlays in the first four months of each year were reduced by shifts of certain payments that otherwise would have been due on October 1, which fell on a weekend. (Those payments were made in September 2022 and September 2023, respectively.) If not for those shifts, the deficit thus far would have been $604 billion, $80 billion more than the shortfall for the same period in fiscal year 2023.
Treasury 30-Year Bond Sale Finds Buyers to Crown Good Refunding
February 8, 2024--Auction for $25 billion awarded at 4.36%, below pre-sale rate
Sale of 30-year bonds follows strong demand for 10-year notes
The US government sold $25 billion of 30-year bonds at a lower-than-anticipated yield, soothing investor nerves about demand for longer-dated debt.
Yields on US Treasuries briefly retreated from the day's highs after the solid auction result, though resumed climbing later in the trading day. The 30-year sale-the largest in more than two years- was the last of three Treasury note and bond auctions this week.
The new bonds found receptive buyers, even as investors remain uncertain on when exactly the Federal Reserve will start cutting interest rates this year.
Morgan Stanley Investment Management Expands ETF Platform with Eaton Vance Floating-Rate Strategy
February 8, 2024--Morgan Stanley Investment Management (“MSIM”) today announced the launch of its latest ETF, Eaton Vance Floating-Rate ETF (Ticker: "EVLN"), an actively managed senior loan strategy. EVLN is the twelfth ETF strategy brought to market since the launch of MSIM’s ETF platform in February 2023 and is listed on the NYSE.
"We are pleased to expand MSIM's ETF Platform with EVLN and continue to deepen our offering with strategies that reflect our differentiated investment capabilities and client-focused approach," said Anthony Rochte, Global of Head of ETFs at MSIM. "A pioneer in senior loan investment management, the industry-leading team established its loan platform thirty-five years ago and today manages over $30 billion in client assets globally. This strategy makes use of that deep loan market expertise and the in-demand ETF structure to meet the needs of a broader range of income clients.”
