Municipal Securities Rulemaking Board’s Post

Trade count in July exceeded 1.2 million trades bolstered by strong demand from individual investors. Year-to-date, trade count is up nearly 24% compared to 2023. See statistics on trade count and par amount traded in the Overall Trade Pattern Section under Market Statistics on EMMA. https://lnkd.in/eZEpAtsz

As the chart below shows, September ended an unprecedented run of five consecutive months with 1.2 million trades or more in the municipal securities market. That said, the unprecedented run of consecutive months with at least 1 million trades has now reached 14 months. Year to date, trade count is up 18% compared to 2023, a record year for trade count, although par amount traded is up only 4% compared to 2023. To see trade data, go to the Market Statistics section under Tools and Resources on EMMA. https://lnkd.in/eZEpAtsz  

Last week tax-exempt benchmark yields continued to rise and, consistent with previous MSRB research, trade count remained robust. Year-to-date, trade count is up 17% compared to the same period in 2023, likely due to strong demand from individual investors. To see trade count, par amount traded and other market data, visit the Market Statistics section of EMMA: https://lnkd.in/eZEpAtsz  

𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗯𝗲𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗮 𝘀𝗵𝗮𝗿𝗽 𝗱𝗿𝗼𝗽 𝗶𝗻 𝟭𝟬-𝘆𝗲𝗮𝗿 𝘆𝗶𝗲𝗹𝗱𝘀 𝘁𝗼 𝗮𝗿𝗼𝘂𝗻𝗱 𝟰.𝟯% 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗣𝗜 𝗱𝗮𝘁𝗮. One high-risk trade stood out: It would reap a potential US$ 15m windfall on a wager of just US$ 150,000 should the 10-year benchmark fall to 4.25% by May 24.

To trade in a continuation zone, identify a strong trend and wait for a consolidation or pullback, signaling a pause in the price movement. Once the price breaks out in the direction of the original trend, enter the trade. Set a stop-loss below the consolidation zone to manage risk and aim for a target based on the trend's prior momentum.

Last week, demand from investors reached a high for the year. Trade count reached the highest level of any week this year, with last week being the fifth consecutive week with more than 300,000 trades. Trade count for the month already exceeds 1 million with one week still to go, and this November is the 16th consecutive month with 1 million or more trades. The new issue calendar is expected to be extremely light this week because of the Thanksgiving holiday. To see trade count and par amount traded, visit the Overall Trade Patterns section under Market Statistics on EMMA. https://lnkd.in/eZEpAtsz

Early Indicators An Early Indicator can actually give you a false signal as they make the move before the actual share price has made its move. A pivot point is a point at which a share price finishes falling and turns to go back up again or where the share price finishes rising and turns to go back down again. You have to be very careful when using Early Indicators as they can give you false positives before the actual pivot point occurs and so these indicators can get you into the trade too early and out of the trade too early as well. #TICN #InvestmentClub #TheInvestmentClubNetwork

echnical analysis of the USD/CHF Bearish Bias: The overall analysis suggests a bearish bias. The price is in a downtrend channel, and the sell zone indicates further downward movement is expected. Trade Setup: A short position is advised, with the entry around the current price in the sell zone, targeting the take profit levels mentioned.

My most recent trade... With interest rates set to decrease over the coming weeks Bond markets are starting to take notice. Bond prices are inversely correlated to interest rates so as interest rates fall, we're likely to see prices increase. Remember to hold a diversified portfolio, this might be my most recent trade but that doesn't mean I've sold all my positions and gone all in on this one strategy.

Activities in the secondary bond market continued at a subdued pace, with total trade volume declining by 62.45 percentage points to GH¢229 million. Trading was primarily focused on the February 2027 maturity, which represented 51.8% of the total trade and attracted an average yield to maturity (YTM) of 23.37%,.