<img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Russian general has died after a bomb went off at the entrance to his home in Moscow early on Tuesday, investigators said, killing him and his assistant. Russia’s Investigative Committee, a major crimes
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Mark Baldassare, survey director at the Public Policy Institute of California.PPIC California’s certified election results show the state logged a record election in terms of the number of local measures and amounts approved, according to a report . Voters approved 205 school bond measures, authorizing $45 billion of funding for elementary, high school and community
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<img src=”https://public.flourish.studio/visualisation/20820063/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady but with a slightly weaker tone Monday as U.S. Treasuries and equities closed the session mixed. Triple-A yields were cut up to two basis points, depending on the scale, while USTs were weaker on the short end and slightly better out long. The two-year municipal to
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Trucks arriving from Mexico wait for inspection at the Otay Mesa point of entry in San Diego.Bloomberg News New tariff threats by President-elect Donald Trump would likely impact state and local government finance, economists and analysts say, though exactly how remains unknown. In campaign statements, and a post-election social media post, Trump said he would
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<img src=”https://public.flourish.studio/visualisation/20781708/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market grew in the third quarter of 2024 amid the surge in supply while mutual funds, exchange-traded funds and foreign buyers increased their ownership of the asset class in the third quarter, Fed data shows. However, “muni holdings of all institutional investors, lead by banks, is still
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“The Committee will hit the ground running in 2025,” said current and future Chairman Sam Graves, R- Mo. ”Our work will include working with President Trump to advance his infrastructure priorities, developing the next long-term surface transportation reauthorization, and reprioritizing policies that are consistent with the core purpose of infrastructure .U.S. House of Representatives The future of
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Every New Year’s Day, Emma Bisley starts asking herself the same question: who is going to win Christmas this year? Since 2023, the cherubic 34-year-old has been head of campaigns for Sainsbury’s, Britain’s second-largest supermarket chain. She thinks about winning Christmas the same way the Grinch thinks about stealing it, which is to say nearly
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<img src=”https://public.flourish.studio/visualisation/20783578/thumbnail” width=”100%” alt=”chart visualization” /> Municipals faced more selling pressure Friday but outperformed U.S. Treasuries ahead of a much lighter supply picture, which should buoy the asset class in the final weeks of the year. This week’s accumulated losses have pushed returns into the red for the month, but municipals are still faring better
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Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest
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