Singapore government bonds are trouncing developed-market peers, and the rally may have legs as ample liquidity and limited supply continue to weigh on yields https://t.co/XwInIVVmd5 ...

RT Redwan (@RedoudouM)Ethereum is the ecosystem with-The Tech > EVM is the standard for enterprise-The Distribution-The Liquidity135B of stablecoins live on Ethereum. ...

Get more in the banks with Chris Marinac. He's director of research at Janney Montgomery. Scott, Chris, great to have you back. Nice to see you.Any surprises to the upside or the down. I guess there really were no downside surprises, but any surprises there. I think you're going to see more buybacks and I think on Tuesday when the banks were free to discuss their share and and capital returns, it'll be positive.The average bank in the stress test this year had a 3% decline in shares outstanding from the end ...

India’s central bank drained $10 billion of liquidity from the banking system, slightly less than its targeted amount https://t.co/sptWJTSbfV ...

Core Viewpoint - The bond market showed slight recovery with government bond futures mostly flat, while interbank bond yields fell by approximately 1 basis point, indicating a cautious trading environment as the end of the quarter approaches [1][5]. Market Performance - Government bond futures closed mostly flat, with the 30-year main contract up by 0.10% at 120.720, while the 10-year main contract fell by 0.02% to 108.950 [2]. - Major interbank bond yields declined, with the 30-year government bond yield down by 1.5 basis points to 1.849%, and the 10-year government bond yield down by 1 basis point to 1.7175% [2]. Overseas Market Trends - In North America, U.S. Treasury yields fell across the board, with the 2-year yield down by 4.02 basis points to 3.7786% [3]. - In the Eurozone, 10-year French, German, Italian, and Spanish bond yields increased slightly, indicating mixed trends in the European bond market [3]. Primary Market Activity - Heilongjiang Province's local bonds saw high bid-to-cover ratios, with the 3-year bond receiving a bid multiple of 19.51 and the 5-year bond at 22.85, reflecting strong demand [4]. Liquidity and Monetary Policy - The central bank conducted a reverse repurchase operation of 5,093 billion yuan with a fixed rate of 1.40%, resulting in a net injection of 3,058 billion yuan for the day [5]. - The overall liquidity in the market remains stable, with slight declines in overnight and seven-day repo rates, indicating a controlled liquidity environment [5]. Institutional Insights - Zhongyou Fixed Income noted a surprising increase in demand for ultra-long credit bonds, driven by public offerings and insurance funds, suggesting a positive short-term outlook for this segment [6]. - CITIC Securities highlighted that the current bond market may continue to experience a range-bound pattern due to the absence of key variables, with potential for both upward and downward breaks depending on fundamental and policy adjustments [6].

Wait, so Katana launching because a proposal to use assets idly sitting on the Polygon bridge failed due to backlash?Instead, Polygon incubates Katana as an L2 on Polygon (making Katana an L3?).The proposal to use bridge funds caused Aave to abandon Polygon altogether as it would:1) deposit assets to a competitor Morpho2) pose significant risks to bridgoooorsKatana is a compromise or a second-best option.But it makes sense as Polygon's bridge funds won't be touched. And $POL stakers will get 15% of the KAT ...

IPO Considerations - The quality of the underlying asset and its potential value in 5 years are key factors [1] - Liquidity in the IPO is important, specifically the float size (millions or billions) [1] - Percentage of floating shares and lockup terms are crucial for participation [2] Key IPO Factors - Larger IPOs are preferred, enabling the acquisition of a significant position [2] - A higher percentage of publicly floating shares is better for price discovery [3] - A higher percentage of publicly floating shares reduces volatility and susceptibility to manipulation [3] Lockup Periods - The presence and duration of a lockup period are important considerations [4] - Direct listings may not have lockup periods, potentially leading to faster price discovery [4] - A minimum of 20% float is preferred to avoid volatility [4]

Investment Strategy - Investors don't need 100% liquidity 100% of the time, even allocating a small percentage to illiquid assets can broaden investment opportunities [1] - Private assets are ideally suited for long-term investment horizons, such as 401k accounts where individuals contribute over decades [2] Target Clients - The company typically works with long-term oriented clients [1] - Clients are building financial plans for 5 years, 10 years, 20 years and beyond [2] Investment Vehicles - 401k accounts are ideally suited for a long investment horizon [2]

Group 1: Company Performance - American Airlines' top line is facing a downturn in demand, with a 0.2% year-over-year decline in Q1 2025 revenues due to soft leisure demand and the impact of the American Eagle Flight 5342 incident [4][7] - Total operating expenses increased to $12.82 billion in Q1 2025, up from $12.56 billion in the same quarter of the previous year, indicating rising costs [4][8] - The company ended the quarter with a current ratio of 0.52, highlighting significant liquidity pressure as a ratio below 1 suggests insufficient cash to meet short-term obligations [8] Group 2: Market Sentiment - The Zacks Consensus Estimate for current-year earnings has been revised downward by 21.4% in the past 60 days, with a 44.1% decrease for the next year, reflecting brokers' lack of confidence in the stock [2] - American Airlines' shares have dropped 32.1% year to date, significantly underperforming the Transportation - Airline industry's decline of 3.3% [3] Group 3: Industry Comparison - Investors may consider alternative stocks in the Transportation sector, such as Copa Holdings (CPA) and Ryanair (RYAAY), which have stronger performance indicators and higher Zacks Ranks [9][10][11]

Core Viewpoint - Theon International Plc has successfully completed a share placement, increasing its free float to enhance liquidity and attract investor interest [2][3][4]. Group 1: Share Placement Details - Venetus Limited sold approximately 3.73 million shares, representing about 5.3% of Theon's share capital, with the placement priced at Euro 31.1 per share [2][4]. - Theon will not receive any proceeds from this placement, which was executed to improve the liquidity of its shares [3][4]. - Following the placement, Venetus and CHRE Investment Limited will hold approximately 70.0% of the company's share capital, while the free float will increase to 30.0% [4]. Group 2: Market Response and Future Outlook - The placement was oversubscribed, indicating strong interest from both existing and new investors, with demand nearly double that of a previous placement [6]. - The CEO expressed confidence that the increased free float will enhance trading liquidity and support the company's long-term growth strategy [6]. Group 3: Company Background - Theon Group specializes in developing and manufacturing advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8]. - The company has over 200,000 systems in service across 71 countries, including 26 NATO member countries, and has been listed on Euronext Amsterdam since February 2024 [8].