Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
In a recent transaction disclosed by the SEC, Saba Capital Management, L.P., a significant stakeholder in Eaton (NYSE:ETN) Vance New York Municipal Bond Fund (NYSE:ENX), purchased additional shares amounting to $67,658. The acquisition, dated February 25, 2025, involved 6,911 shares at a price of $9.79 per share. The fund, which currently offers a 5.1% dividend yield, has demonstrated remarkable stability with 24 consecutive years of dividend payments. According to InvestingPro data, ENX maintains strong liquidity with a current ratio of 2.34 and has delivered a 3.84% return year-to-date. Following this transaction, Saba Capital Management holds a total of 3,371,703 shares indirectly. The filing was signed by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein, reflecting their roles as major stakeholders in the fund. For investors seeking deeper insights, InvestingPro offers additional analysis and metrics, including exclusive ProTips highlighting the fund’s low price volatility and strong financial health indicators.
In other recent news, Euronext (EPA:ENX) reported impressive financial results for 2024, with revenue climbing by 10.3% to €1,626.9 million and adjusted EBITDA increasing by 16.4% to €1 billion. The company also announced a strategic acquisition of NASDAQ’s Nordic Power Futures business, which is expected to enhance its presence in the Nordic and Baltic regions. Additionally, Euronext’s credit rating was upgraded from BBB+ to A- by S&P, reflecting its strong financial performance and strategic initiatives. Analysts from Bank of America and JPMorgan raised questions about Euronext’s cost management and investment strategies for 2025, indicating a focus on maximizing EBITDA growth by 2027. Euronext’s CEO, Stefan Bujna, highlighted the company’s strategic investments and growth plans, including the launch of cash-settled mini futures on European government bonds. The company also reported a 19.7% increase in adjusted net income to €682.5 million and proposed a 14% higher dividend of €292.8 million. These developments underscore Euronext’s robust financial health and strategic positioning in the market.
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