24 September, 2014 by The TZ Newswire Staff Comments Off on $35 Billion Sold In Weak, Tailing 5 Year Auction
$35 Billion Sold In Weak, Tailing 5 Year Auction
If yesterday’s 2 Year auction was surprising strong, then the week’s second, today 5 Year auction which conluded moments ago, was the very opposite, and can only be described as weak: at a high yield of 1.80%, this was not only the highest yield since May 2011, it was also a notable 0.7 bps tail to the 1.793% When Issued. The internals were just as messy, with the Bid to Cover sliding to 2.56, far below the recent average of about 2.80, and the lowest since December 2013.
24 September, 2014 by The TZ Newswire Staff Comments Off on Harvard vs Yale: Here’s the endowment winner
Harvard vs Yale: Here’s the endowment winner
Yale University’s endowment posted a 20.2 percent return in the 2014 fiscal year, besting rival Harvard.
24 September, 2014 by The TZ Newswire Staff Comments Off on New York City’s most expensive listing: $130 million
New York City’s most expensive listing: $130 million
A triplex apartment at 520 Park Ave. will be listed for $130 million, which would make it New York’s most expensive listing.
24 September, 2014 by The TZ Newswire Staff Comments Off on The Hustler Club Is Going Public
The Hustler Club Is Going Public
24 September, 2014 by The TZ Newswire Staff Comments Off on Dollar power is a problem for stocks
Dollar power is a problem for stocks
“The dollar has been on a tear, to me that is the number one story for the investment markets of the late summer, early fall,” says Josh Brown.
24 September, 2014 by The TZ Newswire Staff Comments Off on Why it’s time to invest in bank stocks
Why it’s time to invest in bank stocks
Most bank stocks have risen from their recession lows, but still have a lot of room to grow.
24 September, 2014 by The TZ Newswire Staff Comments Off on BlackBerry unveils Passport
BlackBerry unveils Passport
CNBC’s Jon Fortt displays the new BlackBerry “Passport” phone which costs $600 and goes on sale in about two weeks. Fortt says the phone is not designed to compete strategically with Apple.