REGISTER NOW
Municipals opened the week steady with a firmer tone Monday, while U.S. Treasury yields fell again and equities moved up and down throughout the day, as the COVID Delta variant s spread and its effects hang over all markets.
Municipal-to-UST ratios rose as a result. ICE Data Services showed the 10-year muni/UST ratio at 71% and the 30-year at 74%. Refinitiv MMD had ratios at 70% in 10 years and 75% in 30.
While municipals have cheapened some relative to their taxable counterparts and triple-A benchmark yields were little changed, underperforming the taxable movements, a firmer tone was exhibited in secondary trading.
Even with the ultra low yields across the municipal credit spectrum, the asset class performed well in July and returns for the year are all in the green.
Massive reinvestment month kicks off with $1B NYC TFA deal bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Riskified begins trading on NYSE today at $3.3b valuation
The Israeli e-commerce fraud protection company is raising $363 million and an additional $55.1 million, if the underwriters exercise their options.
Israeli e-commerce fraud protection platform company Riskified begins trading today on the New York Stock Exchange, at a company valuation of $3.3 billion. Riskified becomes the 10th Israeli tech company (not including SPAC mergers) to hold an IPO on Wall Street in 2021.
Yesterday, the company priced 17.3 million shares at $21 per share, above the previously announced range of $18-$20. Riskified is raising $363 million, which could grow by an additional $55.1 million, if the underwriters exercise their options within 30 days at the IPO price.
Riskified Ltd announces pricing of initial public offering antaranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from antaranews.com Daily Mail and Mail on Sunday newspapers.