Municipal yields fell Friday ahead of a heavier new-issue calendar while U.S. Treasuries and equities rallied after the latest jobs report offered signs that may suggest inflation will be cooling. Triple-A benchmark yields fell six to 15 basis points, depending on the scale, pushing the 10-year muni below 2.50% and the 30-year muni below 3.50%.
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Rishi Sunak has invited trade union leaders to talks on Monday in an attempt to curtail Britain’s wave of industrial action, as ministers look at a key concession to end protracted strikes on the railways. Ministers are discussing dropping a demand for train drivers rather than guards to operate carriage doors, in a move that
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and
Chicago sent a $242 million supplemental payment to its pension systems, making good on a funding policy adopted as part of the 2023 budget that helped lift its one junk rating back into investment-grade territory. Efforts to better align expenses with recurring revenues, shed one-time maneuvers like scoop-and-toss debt restructuring, and complete a move to
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022. Mike Blake | Reuters December’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing. But economists disagree on whether that will be the
The United States December nonfarm payrolls report showed a growth of 223,000 jobs, above the market’s expectation of an increase of 200,000 jobs. While this shows that the economy remains strong, market observers shifted their focus to the slower wage growth of 0.3% for the month, below economists’ expectation of 0.4%. In addition, the euro
The crisis that has engulfed Republican House leadership this week, whatever the outcome, could complicate the public finance agenda in the 118th Congress. For issuers, an emergent ultra-conservative influence in the House could raise the risk of a government shutdown and bring fresh scrutiny to key topics like the so-called PAYGO waiver for tax subsidies,
A federal judge’s dismissal of former Arizona Gov. Doug Ducey’s lawsuit challenging the Biden administration’s request that the state stop spending federal relief money on schools that do not have mask mandates won’t impact the state’s other litigation related to clawbacks of relief money used for tax cuts. The move follows Ducey’s motion for dismissal,
The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned Ether (ETH) and Bitcoin (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across decentralized finance (DeFi) protocols quickly surged to $10 billion. Toward
When it comes to winter homes in world-class resorts, the best locations are close to the slopes but away from the crowds. Herein lies the difficulty of finding a residence in popular Vail, Colorado, that is easily accessible yet private. This walk-to-the-slopes mountain contemporary delivers on both counts. The chalet is set steps from pedestrian-friendly
Veteran public finance attorney Jon Ballan joined Harris Beach PLLC as partner and will head its new Infrastructure and public-private partnerships practice. Ballan will lead attorneys working with clients and deal teams on structuring complex strategies for financing and managing large-scale public and private projects, the firm announced. “Jon has a 360-degree view of the
Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November’s figure of 263,000. Bitcoin was also slightly down ahead of the release. Bitcoin Bitcoin (BTC) continued to hover
What is Volatility? -The magnitude of the change -It is independent of direction, it refers to the change of ups and downs Why is it Important? -The more volatile the market is, the crazier it gets -Trends are harder to spot when they are more volatile -Swing trading becomes riskier -It is better to stick
Kevin Matras goes over the benefits of a bull call spread and how it can help you earn big profits on relatively small moves. Listen to Kevin Matras explain options trading further in our podcast! https://soundcloud.com/zacks-investment-research/zacks-market-edge-podcast-31
In this article MDGL CVNA LW BYND Follow your favorite stocksCREATE FREE ACCOUNT Traders on the floor of the NYSE, June 24, 2022. Source: NYSE Traders who shorted stocks won big in 2022, according to S3 Partners. Shorted stocks had a return of 30.8% in 2022, said Ihor Dusaniwsky, the firm’s managing director of predictive
In a key sign that the tide is turning in favor of home buyers, sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, according to a new report from the technology-powered real estate brokerage. That’s up from just over 30% in
Municipals were mixed Thursday in the secondary market as a $765 million deal from the Triborough Bridge and Tunnel Authority took focus in the primary. U.S. Treasuries were weaker 10 years and in, and equities ended lower. The three-year muni-UST ratio was at 59%, the five-year at 63%, the 10-year at 69% and the 30-year
The UK government on Thursday announced new anti-strike legislation to enforce minimum levels of service in eight sectors including the NHS following widespread industrial action across the country. The Trades Union Congress warned unions would “fight every step of the way” to block the government’s legislation, which aims to ensure public services function adequately during
Minerva Studio | Istock | Getty Images Some expenses that go with homeownership can often be unpredictable — and costly. Last year, homeowners spent an average of $6,000 on maintenance and repairs, according to a recent report from insurance firm Hippo. A separate study from home services website Angi that measured similar 2022 costs shows
As her 40-year central banking career comes to a close, Kansas City Federal Reserve President Esther George is advising her colleagues to stay tough in their efforts to stamp out runaway inflation. George said Thursday that she thinks the Fed should raise its benchmark borrowing rate above 5% and keep it there until there are
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