In 1844, the Bank Charter Act gave it a monopoly on issuing banknotes in England and Wales. There are 42 gallons (approximately 159 liters) in one barrel of oil. The energy contained in a barrel of oil is approximately 5.8 million British thermal units (MBtus) or 1,700 kilowatt-hours (kWh) of energy. This is an approximate … Read more
Three regional bank failures that cost the Federal Deposit Insurance Corp.’s piggy bank an estimated $35 billion. Burgeoning fears that commercial real estate loans may be the next source of trouble. This was also a period of significant cross currents in the bond market, where MMFs are a critical group of investors. As a result … Read more
In the bond market, for example, the Bloomberg Aggregate Bond Index tracks the investment grade bond market, while the Emerging Market Bond Index looks at government bonds of emerging market economies. When putting together mutual funds and ETFs, fund sponsors attempt to create portfolios mirroring the components of a certain index. This allows an investor … Read more
