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AF2 C32A kneepads heading to Kalamazoo,MI for muh campaign event
Kamala Harris heading to Michigan Wednesday
https://www.wzzm13.com/article/news/politics/national-politics/vice-president-kamala-harris-kalamazoo-michigan-wednesday/69-34dff316-520f-48ef-8fe0-dc5c2159ea8c
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SAM151 G5 on ground at Miami Intl
SAM313 C40B also from JBA WWH NSOusage
Morgan Stanley Selling Bonds as Investors Pile Into Bank Debt
Morgan Stanley became the latest big Wall Street bank to tap the US investment-grade market Wednesday after reporting earnings, as strong investor demand helps lenders borrow at lower yields than would have been possible at the start of the month. The lender is selling the debt in as many as four parts, according to a person with knowledge of the matter. The longest portion of the offering, an 11-year security, may yield around 1.4 percentage point above Treasuries, said the person, who asked not to be identified as the details are private. Proceeds from the offering will be used for general purposes and Morgan Stanley is the sole underwriter of the deal, added the person. A representative for Morgan Stanley declined to comment.
The sale comes a day after the bank’s trading business posted the biggest increase among its peers in the second quarter. Morgan Stanley, like its rivals Goldman Sachs Group Inc. and JPMorgan Chase & Co., beat expectations, solidifying the markets business as a hot spot across the industry.Â
JPMorgan, Wells Fargo & Co. and Goldman have raised a combined $16.5 billion after reporting second-quarter earnings.Wednesday’s deal by Morgan Stanley is expected to turbocharge volume from the six biggest banks past the 10-year July average of roughly $17 billion. Blue-chip bond yields have fallen to the lowest in five months as Federal Reserve officials step up signals that they are moving closer to cutting interest rates. The average US high-grade yield-to-worst, a measure of borrowing costs, hit 5.21% on Tuesday, the lowest since Feb. 6. Falling yields and strong investor demand have created an attractive playing field for the big banks. Goldman’s $5.5 billion, two-tranche deal on Tuesday garnered $23 billion in peak investor demand, wrote Bloomberg’s Brian Smith.Â
That enabled Goldman to tighten pricing 28 basis points on both tranches, offering investors just 2 basis points to 3 basis point in new issue premium, or the extra yield that high-grade borrowers have to offer to sell new investment-grade debt, wrote Smith.
Wells Fargo’s $2 billion perpetual securities offering, the first preferred stock series by one of the so-called Big Six lenders in the US in almost two months, received more than $8 billion in orders, according to Smith. That enabled the bank to tighten pricing an eye-popping 52.5 basis points from the initial price talk.
https://www.bnnbloomberg.ca/business/2024/07/17/morgan-stanley-selling-bonds-as-investors-pile-into-bank-debt/
This is why these people are moar dangerous outside of official office(s)
Sergey Lavrov holds talks with foreign ministers at U.N. Security Council
Russian Foreign Minister Sergey Lavrov engaged in bilateral discussions with his counterparts from Hungary, Switzerland, Iran, Libya, and Kuwait during the U.N. Security Council session on Tuesday.
During his meeting with Hungarian Foreign Minister Péter Szijjártó, Lavrov mentioned Hungarian Prime Minister Viktor Orban's recent visit to Moscow. Russian Foreign Minister Sergey Lavrov mentioned, “it was very telling what we heard from our Western friends, and we appreciate the balanced approach to the world affairs which you and other participants of Africa, Latin America and Asia expressed.” Additionally, Lavrov extended an invitation to acting Iranian Foreign Minister Ali Bagheri Kani to visit Russia, discussed the situation in Libya with the acting Foreign Minister of the country's Tripoli-based Government of National Unity, and commended Kuwait's Foreign Minister Abdullah Ali Al Yahya for their balanced approach to global affairs.
https://www.africanews.com/2024/07/17/sergey-lavrov-holds-talks-with-foreign-ministers-at-un-security-council/