Taper Tantrum?
Well we could hardly call a loss of -0.2% for the ASX200 on the day a taper tantrum, and the index was already trending quietly down ahead of the 2.30pm RBA statement release. It did drop a swift -20 points on the release, but quickly recovered.
The RBA had flagged for months it would make a QE decision at the July meeting, so it was of little surprise when it announced a cutback to $4bn per week of bond purchases from $5bn as of September. It was nonetheless expected the RBA would implement its self-promoted “flexibility” and decide at yesterday’s meeting to delay that taper.
Genworth Financial Announces Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Genworth Financial Announces Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Trading Day: Local SEC filings for 3.4.21
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust filed its year-end earnings report. In 2020, the company reported a net loss of $173.2 million, compared to a net income of $171.9 million in 2019. Click here to see the full report.
The company also filed its quarterly earnings report for the period ended Dec. 31. The company reported a net loss of $51.2 million. The company reported a net income of $25.5 million for the same period in 2019.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank said it prepaid $200 million of its 1.78% fixed rate long term Federal Home Loan Bank advance, which had a remaining maturity of approximately 7.5 years. As a result, the company incurred an after tax prepayment penalty of $11.6 million in the first quarter of 2021. It expects the prepayment will add $2.6 million in net income annually.