TIPS

Solectrac Announces Strategic Reorganization to Further Amplify Electrification Efforts and Enhance Customer Support

Retrieved on: 
Wednesday, March 27, 2024
EV, Environment, TIPS, Plant, DTC, B Corporation (certification), Zoo, Tree, Animal, Renewable energy

Solectrac has been awarded e-tractor vendor status with two prominent national cooperative purchasing agencies: The Interlocal Purchasing System (TIPS) and The Association of Educational Purchasing Agencies (AEPA).

Key Points: 
  • Solectrac has been awarded e-tractor vendor status with two prominent national cooperative purchasing agencies: The Interlocal Purchasing System (TIPS) and The Association of Educational Purchasing Agencies (AEPA).
  • This program perfectly aligns with Solectrac's mission to support the transition to a cleaner, more sustainable future in the agricultural sector.
  • With CORE’s support, Solectrac has already sold more than 60 tractors to date.
  • The pilot will help the North Carolina Zoo reach its goal of reducing greenhouse gas emissions by 30% by 2025.

WisdomTree Floating Rate Treasury Fund (USFR) Celebrates 10-Year Anniversary

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Finance, Fintech, Asset Management, Consulting, Banking, USFR, TIPS, Capital gain, Lovell Minnick Partners, Prospectus, Fed, Fund, Treasury, Government, ETF, Security (finance)

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today celebrates the ten-year anniversary of the launch of the WisdomTree Floating Rate Treasury Fund (USFR).

Key Points: 
  • WisdomTree, Inc. (NYSE: WT), a global financial innovator, today celebrates the ten-year anniversary of the launch of the WisdomTree Floating Rate Treasury Fund (USFR).
  • We believe it’s one for investors to consider from the current and prospective interest rate landscape.”
    The U.S. Treasury completed its first floating rate auction on January 29, 2014, issuing $15 billion of a note with a two-year stated maturity.1 This was the first new class of issuance by the Treasury since it issued Treasury Inflation-Protected Securities (TIPS)2 in 1997.
  • Provides cost-effective access to newly issued U.S. government floating rate notes
    U.S. Treasury floating rate notes have grown to become an integral aspect for investors’ fixed income portfolios.
  • Securities with floating rates can be less sensitive to interest rate changes than securities with fixed interest rates, but may decline in value.

Government of Canada invests in 7,700 world-class researchers and projects across the country

Retrieved on: 
Wednesday, March 13, 2024
Natural science, Government, Climate change, Transport, CFI, University, TIPS, Public, Humanities, SSHRC, Knowledge, Society, The Honourable, Research, Acquisition, RSF, Engineering, Quality of life, Student, Investment, CRC, Social, Scholarship, IPG, Social science, CIHR

It will support the acquisition of the state-of-the-art tools and infrastructure needed by researchers to advance their discoveries and innovations.

Key Points: 
  • It will support the acquisition of the state-of-the-art tools and infrastructure needed by researchers to advance their discoveries and innovations.
  • The funding is distributed across the country through:
    The Canada Research Chairs (CRC) program – awarding $191 million to 230 new and renewed chairholders at 50 institutions.
  • "Congratulations to top-tier researchers who will get a boost through this vital funding to take their projects to the next level.
  • CFI's John R. Evans Leaders Fund helps institutions attract and retain researchers and provides support for the Canada Research Chairs Program.

Denmark joins T2 and TIPS to fully integrate Danish krone in Eurosystem’s payment services

Retrieved on: 
Wednesday, April 3, 2024
Reproduction, European Central Bank, TARGET, TIPS, ECB, Danmarks Nationalbank, Frankfurt, Communication, T2S, Eurosystem

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    Denmark joins T2 and TIPS to fully integrate Danish krone in Eurosystem’s payment services
    21 March 2024
    - ECB and Danmarks Nationalbank sign agreement for Denmark to join T2 and TIPS in April 2025
    - Danish krone to become third currency available for instant payment settlement in TIPS
    The European Central Bank (ECB) and Danmarks Nationalbank today signed an agreement for Denmark to join the ECB’s T2 wholesale payment system and the TARGET Instant Payment Settlement (TIPS) service.
  • Danish financial market participants have started testing both systems in preparation for the launch in April 2025.
  • The inclusion of the Danish krone in the Eurosystem’s payment services will enable market participants in Denmark to use all three TARGET services to settle all payments and securities in their national currency and to benefit from optimised liquidity management.
  • The multicurrency capabilities of TARGET Services were first activated for the T2S platform when Danmarks Nationalbank joined with the Danish krone in October 2018.

Measuring market-based core inflation expectations

Retrieved on: 
Thursday, February 15, 2024
Dai, Bias, Kálmán, Growth, Journal of Financial Economics, HICP, Leg, GDP, R2, Section 2, The Journal of Finance, Treasury, Literature, Reproduction, Research Papers in Economics, Money, Bank, Working paper, Journal of Monetary Economics, E52, TIPS, Autocorrelation, Canadian International Council, OIS, Intuition, Medical classification, Estimation, XT, Paper, Bank of England, NX, Shock, Y5, Principal component analysis, ATSM, Calendar, Economy, VAR, Section 5, System, Central bank, Fed, European Central Bank, Business, Section 4, Trust, Research, The Econometrics Journal, JEL, Core, Personal ordinariate, E31, Federal Reserve, Projection, Food, Risk, SPF, PDF, COVID-19, Observation, MPE, Policy, Finance, Website, Social science, American Economic Journal, Credit, ECB, Model, Palladium

Abstract

Key Points: 
    • Abstract
      We build a novel term structure model for pricing synthetic euro area core inflation-linked
      swaps, a hypothetical swap contract indexed to core inflation.
    • The model provides estimates of market-based expectations for core inflation, as
      well as core inflation risk premia, at daily frequency, whereas core inflation expectations from
      surveys or macroeconomic projections are typically only available monthly or quarterly.
    • We
      find that core inflation-linked swap rates are generally less volatile than headline inflationlinked swap rates and that market participants expected core inflation to be substantially
      more persistent than headline inflation following the 2022 energy price spike.
    • In this paper, we aim to infer market-based core inflation expectations, which are otherwise
      not directly observable because no financial asset directly tied to core inflation exists.
    • We deem this second assumption reasonable because HICP inflation itself is a linear combination
      of core as well as energy and food inflation.
    • The level of 2 percent and relatively low volatility of
      long-term inflation expectations suggests that inflation expectations are firmly anchored at the
      ECB?s 2 percent inflation target.
    • This assumption appears reasonably uncontroversial,
      as core inflation is a sub-component of headline inflation, which the observable headline ILS
      rates are tied to.
    • Our estimates of core ILS rates reflect both market participants? genuine core
      inflation expectations and a core inflation risk premium, but our model explicitly allows for
      this decomposition.
    • The model-implied estimates of core ILS rates appear reasonable along several dimensions:
      (i) like realized core inflation is less volatile than headline inflation, the core ILS rates are less
      volatile than headline ILS rates, (ii) core ILS rates comove less with oil prices than headline
      ILS rates, (iii) the core inflation expectations, as reflected in core ILS rates, typically evolve
      similarly as the core inflation projections by Eurosystem staff, and (iv) consistent with market
      commentary at the time, core ILS rates suggest that market participants expected core inflation
      to be substantially more persistent than headline inflation following the 2022 energy price spike.
    • To the best of our knowledge, we are the first to price core ILS rates and decompose them into
      market-based expectations for and risks around the core inflation outlook.
    • Our approach to inferring core ILS
      rates from headline ILS rates, realized headline and core inflation as well as survey expectations
      for headline and core inflation is also related to Ang et al.
    • Relative
      to their study, we separately measure core inflation expectations and risk premia, we provide
      core inflation expectations at a higher-frequency, and we provide evidence on the causal effects

      ECB Working Paper Series No 2908

      6

      of monetary policy shocks on core inflation expectations and risk premia.

    • Specifically, we decompose the synthetic core ILS rates
      into average expected core inflation over the lifetime of the swap contract and a core inflation
      risk premium that compensates investors for core inflation risk.
    • In
      our model below, this term is constant over time and relatively small, so we will simply refer
      to the core inflation risk premium as the difference between the core ILS rate and the average
      expected core inflation over the lifetime of the swap contract.
    • 3.2

      Core ILS rates

      To have a joint model for headline and core ILS rates, we need one further assumption on the
      dynamics of realized core inflation.

    • The assumption that core inflation is driven by the same set of factors as headline inflation
      should be relatively uncontroversial: since headline inflation is a weighted average of core and
      food and energy inflation, it should reflect any factors driving core inflation.
    • If there are factors
      driving food and energy inflation, which do not show up in core inflation, then those factors
      should still show up in headline inflation.
    • In step two, to be able to infer the factor
      loadings of core inflation, we would regress realized core inflation onto the estimated latent
      factors to identify the additional parameters in equation (12).
    • Before the fourth
      quarter of 2016, the SPF did not ask respondents for their core inflation expectations, so we
      are not able to use survey-based information about core inflation before then.
    • Before
      2016, the fitted core inflation series is somewhat above the realized one, potentially reflecting
      that the model has limited information about core inflation over this early period due to the
      lack of information about core inflation from surveys.
    • This could have been the
      case if one of the factors moved core inflation and energy and food inflation in exactly offsetting
      direction, so the overall impact on headline inflation was exactly zero.
    • During 2021, for example, there were

      ECB Working Paper Series No 2908

      25

      Figure 7: Decomposition of synthetic core ILS rates
      2y core ILS

      5y core ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      ILS

      premia

      exp

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2017 2018 2019 2020 2021 2022 2023

      -2
      2017 2018 2019 2020 2021 2022 2023

      10y core ILS

      5y5y core ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      ILS

      premia

      exp

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2017 2018 2019 2020 2021 2022 2023

      -2
      2017 2018 2019 2020 2021 2022 2023

      Note: Synthetic core ILS rates decomposed into genuine core inflation expectations and core inflation risk
      premia.

    • ECB Working Paper Series No 2908

      26

      Figure 8: Decomposition of ILS rates
      2y ILS

      5y ILS

      5
      4

      5
      ILS

      premia

      exp

      4

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2006

      2010

      2014

      2018

      2022

      -2
      2006

      ILS

      2010

      10y ILS

      2018

      2022

      5
      ILS

      premia

      exp

      4

      3

      3

      2

      2

      1

      1

      0

      0

      -1

      -1

      -2
      2006

      2014

      exp

      5y5y ILS

      5
      4

      premia

      2010

      2014

      2018

      2022

      -2
      2006

      ILS

      2010

      premia

      2014

      2018

      exp

      2022

      Note: ILS rates decomposed into genuine core inflation expectations and core inflation risk premia.

    • We find that the headline inflation risk premium
      indeed does responds more strongly than the core inflation risk premium.
    • The key
      assumption underlying our approach is that traded headline ILS rates span core inflation, which

      ECB Working Paper Series No 2908

      35

      should be reasonably uncontroversial as core inflation is a sub-component of headline inflation.

    • We fit the model to euro area headline ILS rates, realized headline and core inflation, and
      both headline and core inflation expectations reported in the SPF.
    • Decomposing our core ILS rates into genuine core inflation expectations and core
      inflation risk premia shows that shorter maturities mainly reflect core inflation expectations,
      while the core inflation risk premium matters relatively more for longer maturities.
    • Our results suggest that a monetary policy tightening surprise significantly lowers
      near-term core inflation expectations, although less so than it lowers headline inflation expectations.

Piero Cipollone: Modernising finance: the role of central bank money

Retrieved on: 
Saturday, February 10, 2024
Trigger, Blog, Deutsche Bundesbank, Partnership, Bank, Growth, Deutsch, TARGET2, GDP, CBDC, Database, T+2, Speech, Symposium, FMI, Recurrence, Government, Reproduction, Annual report, Working paper, Principle, ISO, Risk, Face, Automation, DLT, European Parliament, ECB, Communication, Financial market, Ecosystem, BIS, Attention, Bank of England, European Central Bank, TIPS, Bank for International Settlements, SME, Economy, T+1, Congress, Frankfurt, Committee

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.

Key Points: 
  • The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.
  • Lastly, the paper shows that the new indicators can provide reliable signals about current and future developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth forecasts.

BrainGear Develops SleePYA, the Digital Healthcare for Brain Rehabilitation and Sleep Aid

Retrieved on: 
Monday, February 5, 2024
Multimedia, Physics, DSM-IV codes, Electronics, Nursing, Research, Government, Sleep, Patient, TIPS, Alzheimer's disease, Chemistry, KRW, Insomnia, Brain, Light-emitting diode, Dementia, Bed, Light

SEOUL, South Korea, Feb. 5, 2024 /PRNewswire/ -- As startup engaging in digital healthcare business, especially brain rehabilitation and sleep aid, BrainGear has developed SleePYA with infrared light to stimulate the brain to induce quality of sleep.

Key Points: 
  • SEOUL, South Korea, Feb. 5, 2024 /PRNewswire/ -- As startup engaging in digital healthcare business, especially brain rehabilitation and sleep aid, BrainGear has developed SleePYA with infrared light to stimulate the brain to induce quality of sleep.
  • Wearing a helmet equipped with infrared LEDs, it induces healthy sleep with light stimulation for about 20 minutes.
  • "People who suffer from sleep disorders and insomnia usually try to get help by taking sleeping pills or changing pillows and beds," said Dr. Kim Il-Ku.
  • BrainGear is currently planning a pilot project with nursing homes and brain rehabilitation centers in South Korea in the first half of 2024.

ZeroEyes Closes Out 2023 with 300% YoY Revenue Growth

Retrieved on: 
Tuesday, January 23, 2024
DAV, Disabled American Veterans, Legislation, Partnership, Weapon, School, Intelligence, Capitol, Security, AI, ZOC, TIPS, Government, Confidentiality, Information, SOC, Veteran, ZE, Acquisition, Certification, Law enforcement, Violence, Best, Growth

PHILADELPHIA, Jan. 23, 2024 /PRNewswire/ -- ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, today announced 2023 YOY revenue growth of 300%, along with an 18% increase in employee headcount. The company achieved rapid expansion across multiple verticals, including the K-12 education market, commercial sectors including retail, gaming and healthcare, and the U.S. Department of Defense.

Key Points: 
  • PHILADELPHIA, Jan. 23, 2024 /PRNewswire/ -- ZeroEyes , the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, today announced 2023 YOY revenue growth of 300%, along with an 18% increase in employee headcount.
  • ZeroEyes achieved multiple milestones during the past year, including:
    ZeroEyes's weapons detection capability was codified into statute, securing wins across multiple states in FY24 legislation.
  • In Q3, ZeroEyes established its research center , dedicated to the analysis and understanding of gun-related violence.
  • "The ZeroEyes team has worked diligently throughout the past year to ensure we execute on our mission to mitigate gun-related violence.

Cambria Launches Two New ETFs: Micro and Small Cap Shareholder Yield and Fixed Income-Focused Tactical Yield

Retrieved on: 
Thursday, January 4, 2024
Banking, Professional Services, Finance, Real estate investment trust, United States Treasury security, Book, SYLD, Note, TIPS, ETF, REIT, Treasury, CIO, Investment management, MYLD, MBS, MEB

Cambria Investment Management , an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced the launch of two new active ETFs: Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) and Cambria Tactical Yield ETF (TYLD) .

Key Points: 
  • Cambria Investment Management , an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced the launch of two new active ETFs: Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) and Cambria Tactical Yield ETF (TYLD) .
  • “The Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) provides exposure to smaller market cap stocks by ranking dividend yield and net shareholder buybacks along with value and quality factors,” said Meb Faber, co-founder and CIO of Cambria.
  • “MYLD joins the original Cambria Shareholder Yield ETF (SYLD) , Cambria Foreign Shareholder Yield ETF (FYLD) and Cambria Emerging Shareholder Yield ETF (EYLD) in rounding out Cambria’s shareholder yield suite.
  • Cambria Tactical Yield ETF (TYLD) focuses on fixed income securities based on yield spreads.

SolidusMarkets Reports on 'Global Inflation Landscape and Impacts on Asset Classes'

Retrieved on: 
Monday, December 4, 2023
Investment, Research report, CFD, TIPS, Virtue, Risk management, Cryptocurrency

LONDON, UK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Today, Adams and Greg Milke, seasoned investment specialists at SolidusMarkets , releases the research report on 'Global Inflation Landscape and Impacts on Asset Classes'.

Key Points: 
  • LONDON, UK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Today, Adams and Greg Milke, seasoned investment specialists at SolidusMarkets , releases the research report on 'Global Inflation Landscape and Impacts on Asset Classes'.
  • Amidst the prevailing challenges of global inflation, Mark Adams, 44, and Greg Milken, 40, lend their expertise on adapting investment strategies amidst the current economic uncertainties.
  • Commenting on the inflationary climate, Adams remarks, "Inflation is the time when those who have saved for a rainy day get soaked."
  • The amalgamation of their perspectives offers a practical guide for investors navigating the intricate landscapes of markets influenced by inflation.