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CBO-Monthly Budget Review for January 2016
February 5, 2106--The federal budget deficit was $165 billion for the first four months of fiscal year 2016, CBO estimates-$29 billion less than the shortfall recorded in the same span last year.
Receipts were 3 percent higher than they were at this time a year ago, and outlays were about the same. If not for shifts in the timing of certain payments (which otherwise would have fallen on a weekend), the deficit for the first four months of fiscal year 2016 would have been $10 billion larger than it was last year.
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Source: Congressional Budget Office (CBO)
U.S. Economy in a Snapshot
February 5, 2016--U.S. Economy in a Snapshot is a monthly presentation designed to give you a quick and accessible look at developments in the economy.
Overview of the February 2016 Snapshot
Real consumption expenditures grew more slowly in December than in November. The fundamentals for consumer spending remain fairly solid,although growth in spending slowed over the last two quarters of 2015.
Indicators from the manufacturing sector and for business equipment spending were soft.
The general tone of housing data in December suggests further gradual improvement in housing market conditions.
Payroll growth was still fairly solid in January. The unemployment rate declined, and the employment-population ratio and labor force participation rose slightly. There were additional signs of firmer wage growth.
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Source: Federal Reserve Bank of New York
Testimony on CBO's Budget and Economic Outlook: 2016 to 2026
February 4, 2016--Testimony by CBO Director Keith Hall before the Committee on the Budget, U.S. House of Representatives.
In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to CBO's estimates. If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.
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Source: Congressional Budget Office (CBO)
'Flash Boys' trading venue application triggers backlash
February 4, 2016--The Investors' Exchange, a trading venue made famous by Michael Lewis' Flash Boys book on high-frequency trading, has applied for full stock market status.
But the application has triggered a deluge of responses and fanned the debate about the very nature of the US equity markets.
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Source: FT.com
FT Portfolios Canada Co. Update on Timing of Merger of First Trust Short Duration High Yield Bond ETF
February 3, 2016-- FT Portfolios Canada Co. (the "Manager"), the manager of each of First Trust Short Duration High Yield Bond ETF (CAD-Hedged) ("FSD") (TSX: FSD) and First Trust Short Duration High Yield Bond ETF ("FHY") (TSX: FHY), announced today that the previously announced merger of FHY into FSD (the "Merger") is excepted to become effective as of February 8, 2015.
FSD will be the continuing fund and, as a result, holders of Common Units and Advisor Class Units of FHY will become holders of Common Units and Advisor Class Units of FSD.
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Source: www.streetinsider.com
Eurex Clearing receives U.S. regulatory approval
February 2, 2016--Eurex Clearing, Europe's leading clearing house and part of Deutsche Börse Group, has been approved by the Commodity Futures Trading Commission (CFTC) as a registered Derivatives Clearing Organization (DCO).
The CFTC issued the corresponding Order of Registration on 1 February 2016.
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Source: Eurex Clearing
BATS Becomes Primary Listing Market for iShares MSCI Eurozone ETF Beginning Today
EZU Becomes First iShares ETF to Transfer to BATS
February 2, 2016--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today announced that the iShares MSCI Eurozone ETF (NYSE: EZU) was successfully transferred to BATS from NYSE Arca today, marking the first iShares transfer to The BATS ETF Marketplace.
"We are excited to welcome the iShares MSCI Eurozone ETF to our market and are proud that iShares has selected BATS as their listing market for all of their new ETF launches so far this year," said Laura Morrison, Senior Vice President and Global Head of Exchange-Traded Products at BATS
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Source: BATS Global Markets, Inc.
Columbia Large Cap Growth ETF, Columbia Select Large Cap Growth ETF, and Columbia Select Large Cap Value ETF Closed and to Liquidate
Closings were previously announced December 23, 2015
February 1, 2016--Columbia Large Cap Growth ETF (NYSE Arca: RPX), Columbia Select Large Cap Growth ETF (NYSE Arca: RWG), and Columbia Select Large Cap Value ETF (NYSE Arca: GVT) (the Liquidating ETFs) previously announced in a press release dated December 23, 2015 that each would close, liquidate its portfolio,
and make a liquidating distribution to its shareholders holding shares as of the close of the NYSE Arca (the Exchange) on January 28, 2016, which was also when the Liquidating ETFs ceased trading on the Exchange and closed to investors (the Cessation Date).
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Source: Columbia Management Investment Advisers, LLC
XTF FAST FUND STATS AS OF January 29, 2016
February 1, 2016--The XTF FAST FUND STATS AS OF January 29, 2016 is now available.
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Source: XTF
ETFS White Metals Basket Trust to be Terminated
January 29, 2016--ETF Securities USA LLC, as sponsor (the "Sponsor") of the ETFS White Metals Basket Trust (the "Trust"), has decided to terminate the Trust effective as of March 2, 2016 (the "Termination Date"). The Sponsor regularly reviews the products that it makes available to investors in order to concentrate its offering on products that experience sufficient investor demand.
This is normal practice in the global exchange-traded product industry and follows similar reviews and announcements made in respect of selected products sponsored by the Sponsor's affiliates in non-U.S. markets.
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Source: ETF Securities USA LLC
