From Bloomberg: Daniel Tenengauzer, head of markets strategy at Bank of New York Mellon Corp., is warning that if inflation gets hotter than the Fed's new policy is aiming for, it may trigger widespread bond selling that ripples throughout other markets. That may force the central bank to adopt a tool to cap long-term yields known as yield curve control, or YCC, he says.
BNY Mellon, Google Cloud technology to predict Treasury settlement failures oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York s financial district March 11, 2015. REUTERS/Brendan McDermid
(Reuters) - The Bank of New York Mellon Corp said on Thursday it has partnered with Google Cloud on technology that uses artificial intelligence and machine learning to predict when BNY Mellon’s clients’ U.S. Treasury transactions will fail to settle.
Settlement failures occur when two parties buying and selling bonds fail to exchange the cash and securities on time. A large increase in failures can signal market liquidity problems.
These are the top 5 holdings of Benin Management Corp
SSGA SPDR S&P 500 (SPY) - 220,928 shares, 33.25% of the total portfolio. Shares added by 9.54%
Apple Inc (AAPL) - 124,042 shares, 6.63% of the total portfolio. Shares reduced by 7.21%
Microsoft Corp (MSFT) - 55,359 shares, 4.96% of the total portfolio. Shares reduced by 2.8%
PepsiCo Inc (PEP) - 76,442 shares, 4.56% of the total portfolio. Shares reduced by 4.48%
Visa Inc (V) - 50,239 shares, 4.42% of the total portfolio. Shares reduced by 3.51%
New Purchase: Bank of New York Mellon Corp (BK)
Benin Management Corp initiated holding in Bank of New York Mellon Corp. The purchase prices were between $34.08 and $42.44, with an estimated average price of $38.54. The stock is now traded at around $41.300000. The impact to a portfolio due to this purchase was 0.38%. The holding were 22,319 shares as of 2020-12-31.
NEW YORK Stocks that moved heavily or traded substantially Wednesday: Alibaba Group Holding Ltd., up $13.84 to $265.49. The Chinese e-commerce company’s co-founder, Jack Ma, made his first appearance after a nearly three-month absence. eBay Inc., down 81 cents to $56.17. The e-commerce company said it is exploring strategic options for its Korean business. […]