Treasury yields briefly climbed to highest level in about two weeks, signaling investors’ rising confidence in prospects for the U.S. economy.
The Securities and Exchange Commission deemed more investors capable of “fending for themselves” in the largely unregulated world of private-equity firms, hedge funds and business startups.
The indexing giant plans to close its operations in Hong Kong and Japan, as it focuses on individual investors and mainland China.
Investors are more at ease with holding Europe’s riskiest debt, as the European Central Bank’s vast bond-buying program reduces the supply of safer assets, pushing buyers into other corners of the market.
The American Dream Mall has been shut since March and mutual funds that bought municipal bonds backing the project’s construction have taken hundreds of millions of dollars in paper losses.77
The blue-chip index will include only one energy stock, Chevron, which will represent just 2.1% of the price-weighted index.
Shares listed on the mainland’s year-old Nasdaq-style technology board are trading at huge premiums to near-identical stocks in Hong Kong.