Investment is a two-way road that can have a positive effect on both investors and community residents, said Dianne Cleaver. “We want to attract investors that aren’t only looking to get a return on their investment but also make a public impact and uplift the city,” she said.
Click here for seat tickets to We Grow KC. The summit is expected to draw local, local and national investors to connect with entrepreneurs, policy manufacturers and community builders and showcase the city’s Opportunity Zones, that are ripe for investment. Summit organizers intend to offer bus trips of the chance Zones to traders to physically experience the community. Areas of Kansas City were divided into 32 physical clusters called Opportunity Areas previously, based on recommendations by the Missouri governor. The zones typically encompass low-income neighborhoods that provide a bounty of opportunities for reinvestment of capital benefits.
The implied yield on December 2015 eurodollar futures fell 7.5 bps to 0.79%. Corporate bond spreads widened. An index of investment grade bond risk rose four to a one-month high 66 bps. An index of junk relationship risk jumped 18 bps to 328 bps. An index of EM debts risk surged a notable 27 bps to one-month high 373 bps.
Greek 10-12 months produces jumped 136 bps to 10.61% (up 86bps y-t-d). Japan’s Nikkei equities index gained 1.5% to a fresh 15-year high (up 10.3% y-t-d). Japanese 10-season “JGB” produces added a basis point to 0.40% (up 8bps y-t-d). Debt issuance remained fast. This week I noticed no convertible debts issues.
Freddie Mac 30-year fixed home loan rates jumped 11 bps to a 10-week high 3.86% (down one bp y-t-d). 1.640 TN, or 58%, within the last 122 weeks. 364bn from the August 2014 peak. 709bn higher, for 6% growth. 717bn, or 6.4%, year over the past. The U.S. dollar index jumped 2.6% to 100.18 (up 11% y-t-d).
The Goldman Sachs Commodities Index sank 4.5% (down 5.9% y-t-d). May 12 – Bloomberg (Oshrat Carmiel): “Manhattan’s smallest flats are fueling big gains in rents. 3,375, relating to… appraiser Miller Samuel Inc. and brokerage Douglas Elliman PROPERTY. May 12 – Bloomberg (Jiyeun Lee and Cynthia Kim): “South Korea’s central bank or investment company unexpectedly lowered its key interest for an all-time low to avoid the nation from falling into deflation and support financial development. 822 million), the most since May 2010… They also bought a net 469.7 billion yen of French government bonds, the largest amount in seven months.
May 12 – Bloomberg (Jeff Black and Stefan Riecher): “An enhancing euro-area overall economy shows the European Central Bank’s government bond-purchase program isn’t needed, Governing Council member Jens Weidmann said. ‘I stay unconvinced that the macroeconomic situation really warrants’ quantitative easing, Weidmann… said… ‘One especially problematic aspect is that the massive government-bond purchases will make the Eurosystem central banking institutions the biggest lenders of the euro-area member countries. 1.2 trillion) asset-purchase plan. May 12 – BBC (Giorgos Christides): “Deepening ties between Greece’s new federal government and Russia have tripped security alarm bells across Europe, as the leaders in Athens wrangle with international creditors over reforms had a need to avoid personal bankruptcy.
- Monthly deposit = $500
- The IRS is going to arrest you
- Mortgage insurance premium
- Take a Horseback Tour
While Greece may be eyeing Moscow as a bargaining chip, some fear it is moving away from the West inexorably, towards a more benevolent ally, a potential buyer and a creditor. Europe is not pleased. Should it be worried also? A drove of Greek cupboard associates will be heading to Moscow. May 11 – Bloomberg: “China’s economy is already behind target as monetary easing shows few signs of traction.
Industrial output, investment and retail sales development missed experts’ estimates in January and February, recommending more stimulus is needed to raise the world’s second-largest overall economy. May 11 – Reuters (Clare Jim): “China’s property sales in the first two months of 2015 lowered by the most in 3 years amid a glut of housing supply, and real estate investment growth eased. Sales income fell 15.8% in the two-month period versus January-February this past year, the most severe drop because the 2012 fall of 20.9%. The January-February statistics are combined to smooth out the result of Lunar New Year vacations.