We Grow KC Investment Summit Aims To Harness Opportunity Zones To Empower

Investment is a two-way street that can have a positive impact on both investors and community residents, said Dianne Cleaver. “We are trying to attract investors that aren’t only looking to get a return on their investment but also make a public impact and uplift the community,” she said.

Click here for seat tickets to We Grow KC. The summit is expected to draw local, regional and national investors for connecting with entrepreneurs, policy makers and community contractors and showcase the city’s Opportunity Zones, which are ripe for investment. Summit organizers plan to offer bus trips of the chance Zones to investors to physically go through the community. Regions of Kansas City were previously divided into 32 physical clusters called Opportunity Zones, based on recommendations by the Missouri governor. The zones typically encompass low-income neighborhoods that offer a bounty of opportunities for reinvestment of capital increases.

The implied produce on December 2015 eurodollar futures dropped 7.5 bps to 0.79%. Corporate bond spreads widened. An index of investment quality bond risk increased four to a one-month high 66 bps. An index of junk relationship risk jumped 18 bps to 328 bps. An index of EM debt risk surged a significant 27 bps to one-month high 373 bps.

Greek 10-calendar year yields jumped 136 bps to 10.61% (up 86bps y-t-d). Japan’s Nikkei equities index gained 1.5% to a fresh 15-12 months high (up 10.3% y-t-d). Japanese 10-season “JGB” produces added a basis point to 0.40% (up 8bps y-t-d). Debt issuance remained brisk. I saw no convertible debt issues this week.

Freddie Mac 30-year fixed mortgage rates jumped 11 bps to a 10-week high 3.86% (down one bp y-t-d). 1.640 TN, or 58%, over the past 122 weeks. 364bn from the August 2014 top. 709bn higher, for 6% growth. 717bn, or 6.4%, over the past year. The U.S. buck index jumped 2.6% to 100.18 (up 11% y-t-d).

The Goldman Sachs Commodities Index sank 4.5% (down 5.9% y-t-d). May 12 – Bloomberg (Oshrat Carmiel): “Manhattan’s smallest flats are fueling big benefits in rents. 3,375, according to… appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. May 12 – Bloomberg (Jiyeun Lee and Cynthia Kim): “South Korea’s central bank or investment company unexpectedly lowered its key interest rate for an all-time low to avoid the nation from falling into deflation and support financial development. 822 million), the most since May 2010… In addition they bought a online 469.7 billion yen of French government bonds, the largest amount in seven months.

May 12 – Bloomberg (Jeff Black and Stefan Riecher): “An enhancing euro-area economy shows the European Central Bank’s federal government bond-purchase program isn’t needed, Governing Council member Jens Weidmann said. ‘I stay unconvinced that the macroeconomic situation really warrants’ quantitative easing, Weidmann… said… ‘One especially difficult aspect would be that the massive government-bond buys can make the Eurosystem central banks the biggest creditors of the euro-area member countries. 1.2 trillion) asset-purchase plan. May 12 – BBC (Giorgos Christides): “Deepening ties between Greece’s new federal government and Russia have tripped alarm bells across Europe, as the leaders in Athens wrangle with international creditors over reforms needed to avoid bankruptcy.

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While Greece may be eyeing Moscow as a bargaining chip, some dread it is inexorably leaving the West, towards a more benevolent ally, a potential buyer and a creditor. Europe is not delighted. Should it also be worried? A drove of Greek cupboard users will be going to Moscow. May 11 – Bloomberg: “China’s economy is already behind target as monetary easing shows few signs of traction.

Industrial result, investment and retail sales growth missed experts’ estimates in January and February, suggesting more stimulus is needed to raise the world’s second-largest economy. May 11 – Reuters (Clare Jim): “China’s property sales in the first two months of 2015 dropped by the most in 3 years amid a glut of casing supply, and real estate investment development eased. Sales income fell 15.8% in the two-month period versus January-February last year, the most severe drop because the 2012 fall of 20.9%. The January-February statistics are combined to smooth out the effect of Lunar New Year holidays.