Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively November 25, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment […]
Author: InvestAdvocate
Coronation Fixed Income and Exchange Rate Update
November 25, 2024/Coronation Research Summary Market liquidity closed negative at N321.5bn on Friday (22 Nov ‘24). Call, overnight, and repo rates closed within a range of 7.1% – 32.8%. In the secondary market, the average Treasury bill (T-bill) yield declined by 12bps to close at 24.0% p.a. At the primary […]
Statement on Fixed Income Clearing Corporation Rules
November 25, 2024/US SEC This past week, the Commission and our staff took a number of important steps to facilitate the implementation of rules regarding customer clearing in the U.S. Treasury market. I am pleased to support these actions because enhanced access to central clearing will lower costs and lower […]
