Latest news with #PalmerSquareCapitalManagement
Canada News.Net
8 hours ago
- Business
- Canada News.Net
Wall Street rallies for second day in row as Mideast tensions cool
NEW YORK, New York - U.S. stock markest closed sharply higher on Tuesday as a truce entered into between Irsael and Iran after 12 days of hostilities appeared to be taking hold, after early fractures. The ceasefire was entered into following a shock intervention by the U.S. military on the weekend which largely destroyed the 3 key nuclear sites in Iran. "The key event for the market was how quick and limited the U.S. involvement was, as well as the 'weak' response from Iran which was essentially a choreographed fireworks display for domestic consumption," Jon Brager, portfolio manager at Palmer Square Capital Management told CNBC Tuesday. "So even if the ceasefire results in occasional flare ups, the market has decided this risk is now in the rearview mirror and the focus probably returns to tariffs and fiscal policy." The major U.S. indices in the aftermath of the peacemaking efforts, with all three major U.S. indices posting strong gains. U.S. Markets Lead Gains Standard and Poor's 500: Jumped 67.05 points (1.11 percent) to close at 6,092.22, lifted by strong performances across multiple sectors. Dow Jones Industrial Average: Soared 507.24 points (1.19 percent) to 43,089.02, marking its best day in weeks. NASDAQ Composite: Outperformed with a gain of 281.56 points (1.43 percent), closing at 19,912.53 as tech stocks led the charge. Global Forex Markets Show Mixed Movements on Tuesday The foreign exchange market saw the U.S. dollar retreat against many major currencies as hostilities in the Middle East subsided with a broad-based ceasefire agreement enacted between Israel and Iran. Key Currency Pairs EUR/USD (Euro/US Dollar): Rose to 1.1615, up 0.34 percent as the euro strengthened. USD/JPY (US Dollar/Japanese Yen): Fell to 144.73, down 0.95 percent amid a weaker dollar against the yen. USD/CAD (US Dollar/Canadian Dollar): Slipped slightly to 1.3728, declining 0.04 percent as the Canadian dollar held steady. GBP/USD (British Pound/US Dollar): Jumped to 1.3623, gaining 0.76 percent in a strong session for the pound. USD/CHF (US Dollar/Swiss Franc): Dropped to 0.8051, down 0.91 percent as the Swiss franc gained ground. AUD/USD (Australian Dollar/US Dollar): Climbed to 0.6499, rising 0.64 percent on improved risk sentiment. NZD/USD (New Zealand Dollar/US Dollar): Increased to 0.6014, up 0.69 percent alongside broader commodity currency strength. Market Analysis The U.S. dollar faced pressure against European and commodity-linked currencies, while the Japanese yen and Swiss franc also saw notable gains. The British pound was among the top performers, supported by positive economic data. Meanwhile, the Australian and New Zealand dollars benefited from improved market risk appetite. Global Markets Rally on Tuesday with Gains Across Major Indices as Mideast Tensions Fade Global stock markets saw a broad rally on Tuesday, with most major indices closing higher amid positive investor sentiment. following the ceasefire entered into by Israel and Iran following 12 days of hostilities which also brought in the United States military. Canada S&P/TSX Composite: Added 109.26 points (0.41 percent), settling at 26,718.62, supported by gains in energy and financial stocks. UK and Europe FTSE 100 (UK): Rose to 8,758.99, gaining 0.95 points (0.01 percent). DAX (Germany): Jumped 372.57 points (1.60 percent) to 23,641.58. CAC 40 (France): Climbed 78.42 points (1.04 percent) to 7,615.99. EURO STOXX 50: Advanced 75.17 points (1.44 percent) to 5,297.07. BEL 20 (Belgium): Added 49.44 points (1.11 percent) to 4,491.42. Asia and Pacific Hang Seng (Hong Kong): Surged 487.94 points (2.06 percent) to 24,177.07. Nikkei 225 (Japan): Gained 436.47 points (1.14 percent) to 38,790.56. S&P/ASX 200 (Australia): Increased 80.60 points (0.95 percent) to 8,555.50. All Ordinaries (Australia): Rose 86.80 points (1.00 percent) to 8,774.80. KOSPI (South Korea): Soared 89.17 points (2.96 percent) to 3,103.64. TWSE (Taiwan): Rallied 456.74 points (2.10 percent) to 22,188.76. SSE Composite (China): Added 38.98 points (1.15 percent) to 3,420.57. Middle East Other Key Markets S&P BSE SENSEX (India): Inched up 158.32 points (0.19 percent) to 82,055.11. IDX Composite (Indonesia): Gained 82.03 points (1.21 percent) to 6,869.17. EGX 30 (Egypt): Skyrocketed 1,179.80 points (3.76 percent) to 32,598.50. TA-125 (Israel): Increased 42.35 points (1.47 percent) to 2,923.36. Declining Indices Investors remain optimistic as global markets continue to show resilience, with strong performances in Europe and Asia leading the charge.
The Star
12 hours ago
- Business
- The Star
U.S. stocks jump on news of Middle East ceasefire
NEW YORK, June 24 (Xinhua) -- U.S. stocks surged Tuesday as investors welcomed the news of a ceasefire agreement that could bring an end to the Middle East conflict which has unsettled markets in recent weeks. The Dow Jones Industrial Average rose 507.24 points, or 1.19 percent, to 43,089.02. The S&P 500 added 67.01 points, or 1.11 percent, to 6,092.18. The Nasdaq Composite Index increased by 281.56 points, or 1.43 percent, to 19,912.53. Nine of the 11 primary S&P 500 sectors ended in green, with technology and financials leading the gainers by adding 1.61 percent and 1.50 percent, respectively. Meanwhile, energy and consumer staples led the laggards by losing 1.51 percent and 0.03 percent, respectively. U.S. President Donald Trump, who first announced the Iran-Israel ceasefire late Monday, said Tuesday morning that both countries had violated the deal overnight, but he emphasized that the agreement remained in effect. The fragile truce helped ease investor anxiety over a potential escalation, fueling a broad rally across sectors. "The key event for the market was how quick and limited the U.S. involvement was, as well as the 'weak' response from Iran which was essentially a choreographed fireworks display for domestic consumption," said Jon Brager, portfolio manager at Palmer Square Capital Management. "So even if the ceasefire results in occasional flare-ups, the market has decided this risk is now in the rearview mirror and the focus probably returns to tariffs and fiscal policy." Markets also drew support from Federal Reserve Chair Jerome Powell's testimony to Congress. Powell said the Fed could cut interest rates "sooner rather than later," even as he stressed the need to monitor the effects of tariff-driven inflation. The dovish tone reinforced investor expectations that the central bank remains flexible in its response to evolving economic conditions. Meanwhile, the U.S. consumer confidence index dropped by 5.4 points in June to 93.0, down from 98.4 in May, according to The Conference Board. The decline reflects increased consumer unease about current business conditions and the short-term outlook, as optimism about future income, job prospects, and business activity all declined. Despite the weakening sentiment, markets shrugged off the data as geopolitical relief and the prospect of rate cuts took precedence. Mega-cap technology stocks extended gains from Monday. Broadcom rose 3.94 percent, while Nvidia added 2.59 percent. Amazon climbed 2.06 percent, and Alphabet and Meta Platforms each rose more than 1 percent. Microsoft gained 0.85 percent, and Apple edged lower. Still, Tesla slipped 2.35 percent, giving back part of Monday's sharp rally after the company launched its driverless robotaxi service in Austin.
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
Palmer Square's CLO Indices Celebrate 10 Year Anniversary
MISSION WOODS, Kan., May 29, 2025 /PRNewswire/ — Today, Palmer Square Capital Management ('Palmer Square') celebrates the 10 year anniversary of its groundbreaking CLO indices. On May 29, 2015, Palmer Square introduced the first CLO benchmarks distributed globally on a daily basis: the Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI). According to Christopher D. Long, Founder, CEO and Chairman of Palmer Square, 'We launched the CLO indices to provide valuable insights and access to a daily performance benchmark focused on a rapidly expanding asset class. In 2024, we expanded our offerings by launching European CLO indices. Today, nearly 1,000 global subscribers access our indices, and we recently introduced an ETF (PSQA) in the U.S. and will soon launch a similar product in Europe which allows investors to directly access the return characteristics of these indices.' Below is the 10-year performance data of our trailblazing indices. YTD 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Palmer Square Senior Debt Index (CLOSE) 1.57 % 7.40 % 9.01 % 0.70 % 1.43 % 2.68 % 4.44 % 2.12 % 3.16 % 3.32 % Palmer Square Debt Index (CLODI) 1.02 % 13.22 % 17.40 % -3.59 % 5.11 % 6.83 % 8.82 % 0.07 % 9.13 % 10.40 % As of April 30, 2025 'CLOs are one of the fastest growing areas of global structured credit, growing from approximately $400 million 10 years ago to more than $1 trillion in market value. Palmer Square's ability to provide daily performance indices to investors for the last decade has been a major contributor to this tremendous market growth as investors had the transparency to not only follow the CLO space, but also benchmark performance,' stated Jeff Fox, President, Palmer Square. The Palmer Square CLO Senior Debt Index is a rules-based observable pricing and total return index for collateralized loan obligation ('CLO') debt for sale in the United States, rated at the time of issuance as AAA or AA (or an equivalent rating). Such debt is often referred to as the senior tranches of a CLO. The Palmer Square CLO Debt Index is also a rules-based observable pricing and total return index for collateralized loan obligation ('CLO') debt for sale in the United States, rated at the time of issuance as A, BBB or BB (or equivalent rating). Such debt is often referred to as the mezzanine tranches of a CLO. About Palmer Square Capital Management Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $34.2 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 03/31/25). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, separately managed accounts, private partnerships (including investments focused on the CLO market), CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD). Past performance is not necessarily indicative of future results. It is not possible to invest directly in an index. Index performance does not reflect the deduction of any fees and expenses. There are risks involved with investing, including the possible loss of principal, that investors should be prepared to bear. The information contained herein should not be construed as personalized investment advice and should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the Palmer Square CLO Senior Debt Index and the Palmer Square CLO Debt Index (the 'Indices') is not a recommendation to buy, sell, or hold that security, nor is it investment advice. The Indices are the exclusive property of Palmer Square. The Indices are calculated by NYSE Group, Inc. or its affiliates ('NYSE'). NYSE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDICES OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The securities issued under the CLO transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This overview shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Palmer Square Capital Management LLC ('Palmer Square') is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training. Palmer Square and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which Palmer Square maintains clients. Palmer Square may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Palmer Square with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about Palmer Square, including fees and services, send for our disclosure statement as set forth on Form ADV using the contact information herein or refer to the Investment Adviser Public Disclosure web site ( Please read the disclosure statement carefully before you invest or send money. Media contact: palmersquare@
Yahoo
29-05-2025
- Business
- Yahoo
Palmer Square's CLO Indices Celebrate 10 Year Anniversary
MISSION WOODS, Kan., May 29, 2025 /PRNewswire/ -- Today, Palmer Square Capital Management ("Palmer Square") celebrates the 10 year anniversary of its groundbreaking CLO indices. On May 29, 2015, Palmer Square introduced the first CLO benchmarks distributed globally on a daily basis: the Palmer Square CLO Senior Debt Index (CLOSE) and the Palmer Square CLO Debt Index (CLODI). According to Christopher D. Long, Founder, CEO and Chairman of Palmer Square, "We launched the CLO indices to provide valuable insights and access to a daily performance benchmark focused on a rapidly expanding asset class. In 2024, we expanded our offerings by launching European CLO indices. Today, nearly 1,000 global subscribers access our indices, and we recently introduced an ETF (PSQA) in the U.S. and will soon launch a similar product in Europe which allows investors to directly access the return characteristics of these indices." Below is the 10-year performance data of our trailblazing 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Palmer Square Senior Debt Index (CLOSE) 1.57 % 7.40 % 9.01 % 0.70 % 1.43 % 2.68 % 4.44 % 2.12 % 3.16 % 3.32 % Palmer Square Debt Index (CLODI) 1.02 % 13.22 % 17.40 % -3.59 % 5.11 % 6.83 % 8.82 % 0.07 % 9.13 % 10.40 % As of April 30, 2025 "CLOs are one of the fastest growing areas of global structured credit, growing from approximately $400 million 10 years ago to more than $1 trillion in market value. Palmer Square's ability to provide daily performance indices to investors for the last decade has been a major contributor to this tremendous market growth as investors had the transparency to not only follow the CLO space, but also benchmark performance," stated Jeff Fox, President, Palmer Square. The Palmer Square CLO Senior Debt Index is a rules-based observable pricing and total return index for collateralized loan obligation ("CLO") debt for sale in the United States, rated at the time of issuance as AAA or AA (or an equivalent rating). Such debt is often referred to as the senior tranches of a CLO. The Palmer Square CLO Debt Index is also a rules-based observable pricing and total return index for collateralized loan obligation ("CLO") debt for sale in the United States, rated at the time of issuance as A, BBB or BB (or equivalent rating). Such debt is often referred to as the mezzanine tranches of a CLO. About Palmer Square Capital Management Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $34.2 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 03/31/25). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, separately managed accounts, private partnerships (including investments focused on the CLO market), CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD). Past performance is not necessarily indicative of future results. It is not possible to invest directly in an index. Index performance does not reflect the deduction of any fees and expenses. There are risks involved with investing, including the possible loss of principal, that investors should be prepared to bear. The information contained herein should not be construed as personalized investment advice and should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the Palmer Square CLO Senior Debt Index and the Palmer Square CLO Debt Index (the "Indices") is not a recommendation to buy, sell, or hold that security, nor is it investment advice. The Indices are the exclusive property of Palmer Square. The Indices are calculated by NYSE Group, Inc. or its affiliates ("NYSE"). NYSE MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDICES OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL NYSE HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The securities issued under the CLO transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This overview shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Palmer Square Capital Management LLC ("Palmer Square") is an SEC registered investment adviser with its principal place of business in the State of Kansas. Registration of an investment adviser does not imply a certain level of skill or training. Palmer Square and its representatives are in compliance with the current registration and notice filing requirements imposed upon registered investment advisers by those states in which Palmer Square maintains clients. Palmer Square may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Palmer Square with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For additional information about Palmer Square, including fees and services, send for our disclosure statement as set forth on Form ADV using the contact information herein or refer to the Investment Adviser Public Disclosure web site ( Please read the disclosure statement carefully before you invest or send money. 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