QABA News and Press, First Trust NASDAQ ABA Community Bank Index Fund From 03/22/23

2023-03-22 23:44:00 ET Summary UBS, which is Switzerland's largest bank is buying Credit Suisse for what is a 3 billion Swiss francs. Swiss National Bank has stepped in with some extraordinary statements as well, in terms of guaranteeing liquidity to both Credit Suisse and UBS's g...

2023-03-22 23:13:00 ET Summary The Federal Reserve has hiked the fed funds target rate range 25bp to 4.75-5% as largely expected by the markets and economists. The Fed is not expecting recent banking woes to significantly derail the economy. We are a little more pessimistic, h...

2023-03-22 14:00:00 ET Summary At the last FOMC announcement on February 1st, the Fed hiked base rates by 25 bps. After a decade of using their customer deposits for free, most institutions are unprepared for the rapid repricing. The appetite for loan securitization has dried ...

2023-03-22 12:11:00 ET Summary Reverberations for the economy remain a threat, but for the moment the odds of contagion risk that spreads across the financial system seem to be receding. Fears of wider, global crisis swirled as Switzerland-based Credit Suisse looked set to implode...

2023-03-22 11:46:00 ET Summary As central banks have been trying to control inflation with the fastest rate hikes since the early 1980s, we've begun to see some cracks in the financial system. There are uncomfortable echoes of course, anytime you get any sort of problem in the fin...

2023-03-22 06:28:00 ET Summary Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over the month of March as equity market volatility has...

2023-03-22 04:22:00 ET Summary The simplest thing that can be said about current financial market and banking conditions is this: the unwinding of this Fed-induced, yield-seeking speculative bubble is proceeding as one would expect, and it’s not over by a longshot. Silicon ...

2023-03-22 01:51:00 ET Summary Across fixed income, the effects on credit markets have been acute. There's some volatility that might be exacerbated around maybe the lower quality end of the housing market as well as the commercial market. The crisis hasn't been averted yet. I...

2023-03-21 11:38:00 ET Summary Plunging Treasury yields are calming financial markets, but they also indicate that the Fed doesn’t need to raise rates higher to match market rates. The banking contagion risk has spread to Europe, where all eyes are now on Credit Suisse afte...

2023-03-21 10:32:00 ET Summary With about $500 billion in outflows from the smaller banks, if one were to estimate the total value of all emergency facilities from the Fed and other agencies – even though that number is changing by the day – one can say that the Fed tigh...