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Search resuls for: "FLOT"


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Wall Street's glide toward higher stocks and falling bond yields was jolted into reverse Thursday, as surprisingly strong economic data sent bond yields soaring and stocks tumbling . For example, the iPath Series B S & P 500 VIX Short-Term Futures ETN (VXX) and the ProShares VIX Short-Term Futures ETF (VIXY) serve as bets that investor expectations of volatility will go up from here. The UVXY is designed to provide 1.5-times returns of the VIX short-term futures and was up about 8% in midday trading. Rising yields Profiting from rate spikes through bond funds can be a bit tricky. The biggest fund in that space is the iShares Floating Rate Bond ETF (FLOT) , which was little changed on Thursday.
Persons: PFIX, FLOT Organizations: Treasury, Dow Jones, US Treasury
It could not immediately be determined how much Russian oil Indian refiners have bought with yuan, although Indian Oil has paid in yuan for multiple cargoes, sources said. The rise in yuan payments has given a boost to Beijing's efforts to internationalise its currency, with Chinese banks promoting its use specifically for Russian oil trade. Indian refiners have also settled some non-dollar payments for Russian oil in the United Arab Emirates' dirham, sources have said. One private refiner has also been using the same mechanism for payments for Russian oil, one of the sources said. Another state refiner, Bharat Petroleum Corp Ltd (BPCL.NS), is also exploring yuan payment for Russian oil, a separate source said.
Persons: IOC's, Rosneft, Nidhi Verma, Tony Munroe, Tom Hogue Organizations: U.S, Indian Oil Corp, Reliance Industries Ltd, Nayara Energy, HPCL Mittal Energy Ltd, Oil, Gazprom Neft, Reuters, United Arab, State Bank of India, NS Bora, Sun Ship Management, European Union, IOC, ICICI Bank, Bank of China, Bharat Petroleum Corp Ltd, Thomson Locations: DELHI, Russia, Moscow, Ukraine, India, China, Saudi Arabia, Indian, Dubai, United Arab Emirates, Iraq, United Kingdom, Bank, Rosneft, ICICI
Floating rate notes' short duration gives them a measure of relative price stability, while offering investors' portfolios some support through variable income. It's the prospect of higher rates for longer, along with the inverted yield curve, that make floating rate notes an attractive play for some. For his clients, Winter has committed between a quarter and a third of investors' fixed income allocation to floating rate notes. "It's lower coupon rates versus the opportunity to lock in high fixed rates now if you consider the environment," said Collin Martin, fixed income strategist at Charles Schwab. That means in a recession, you may not get an increase in floating rate note prices to offset a decline in equities, he said.
Persons: Allison Bonds, Bonds, Jerome Powell, Paul Winter, Winter, aren't, Collin Martin, Charles Schwab Organizations: State Street's U.S, Treasury Bond ETF, Federal Reserve, Federal, Five Locations: Treasurys
The jets will bolster Ukraine's fighter fleet, which is still under fire from Russia's larger air force. But air-defense ammunition is a more urgent need, one underscored in recently leaked US documents. Berlin approved Warsaw's request to send jets to Ukraine on Thursday, the same day it was received. Both air forces have shifted tactics and now operate farther from the front line, playing to the advantage of the Russian aircraft, which have an edge at longer ranges. Without the threat posed by those interceptor missiles, Russian aircraft would have greater freedom to attack Ukrainian aircraft and bomb Ukrainian targets, including in support of Russian front-line troops, the leaked document says.
A sanctioned Russian ship reportedly moved cargo during a blackout at a South African port. The Wall Street Journal reported that South Africa's defense minister told the paper that Washington "threatens Africa, not just South Africa, of having anything that is even smelling of Russia." "There is no publicly available information on the source of the containers that were loaded onto the Lady R," a US official also told the Wall Street Journal. The Wall Street Journal reported that the ship's locator was turned on again two days later when it was 100 miles east of Simon's Town. The US also sanctioned Russian oil last year, causing major price drops for the export, and banned imports of Russian gold.
REUTERS/Sergei KarpukhinHOUSTON/NEW DELHI, Oct 17 (Reuters) - Oil output at the giant Exxon-led (XOM.N) Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters. The developments have unfolded as the European Union is due to impose a ban on Russian oil tanker insurance and shows the major impact ship insurance and re-insurance guarantees can have on operations. Russia's state oil champion Rosneft (ROSN.MM), a partner in the Sakhalin-1 project, has blamed Exxon for falling output, saying that since mid-May the project produced hardly any oil. Russian newspaper Kommersant was first to report on Monday that production at Sakhalin-1 collapsed following Exxon's refusal to work with Sovcomflot. Oil output at the Sakhalin-1 project fell to just 10,000 barrels per day (bpd) earlier this year from 220,000 bpd before Russia invaded Ukraine on Feb. 24.
One option could be inverse Treasury ETFs, which should rise along with rates. For example, the ProShares Short 20+ Year Treasury ETF (TBF) has gained more than 30% this year. Other major floating rate funds include the Invesco Senior Loan ETF (BKLN) and SPDR Bloomberg Investment Grade Floating Rate ETF (FLRN) . Another fund that has had success this year is FolioBeyond's Rising Rates ETF (RISR) . This smaller fund invests in Treasury bonds and interest-only mortgage-backed securities, which can benefit from rising rates as mortgage refinancings decline.
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