This New York Times article explains the benefits of the Opportunity Zones program for investors, developers and communities. “It’s arguably the most significant tax break in decades,” said Ben Miller, co-founder and chief executive of Fundrise, a real estate crowdfunding site that is sponsoring an opportunity fund. The funds are generally not for small-time investors. The article reports that minimum investments often at least $50,000 to $100,000 and, in some cases, much higher.
Economic and Fixed Income Insights, Feb. 19, 2019
Patience, for now, was the theme in the minutes from January’s meeting of Fed officials. Policymakers decided the pause does little to threaten the domestic economy while allowing the central bank to weigh the impact of trade and waning tax reform stimulus. The overall tone of the minutes was cautiously positive, reiterating a forecast of continued expansion and strong labor market conditions. U.S. government yields trended lower ahead of the release. Both the 10-year and 30-year UST were down 5 basis points for the week to yield 2.64% and 2.98% respectively. Tax-exempt municipal yields were also slightly lower, falling 1 basis point in both the 10-year and 30-year maturities.
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