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Municipals were weaker in spots Wednesday as outflows from mutual funds continued. U.S. Treasuries were mixed and equities ended down. Triple-A benchmark yields were cut up to five basis points, depending on the scale, while UST yields fell up to five basis points out long. The three-year muni-UST ratio was at 60%, the five-year at
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The Argentine senate is discussing a preliminary project that would regulate the way in which individuals and organizations promote crypto. The objective of the project, which is still under discussion, would be to educate consumers on the dangers of investing in crypto and also to protect them from investing in crypto Ponzi schemes. Argentine Senate
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Municipals were weaker Tuesday, outperforming a U.S. Treasury sell-off, while equities were mixed. Municipals were cut up to six basis points, depending on the scale, while UST yields rose as much as 12 basis points. Muni-UST ratios were steady Tuesday. The three-year muni-UST ratio was at 59%, the five-year at 64%, the 10-year at 67%
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Former South Korean president Lee Myung-bak will be pardoned after serving almost four years of a 17-year sentence for corruption, embezzlement and bribery, the country’s justice ministry has said. President Yoon Suk-yeol said on Tuesday that the special pardon had been issued for Lee, 81, in the name of promoting national unity, though many South
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A blizzard described by meteorologists as a “bomb cyclone” has killed more than two dozen people and left thousands without power in western New York state. States across the US have been struck by the storm, with the hardest-hit area being New York’s Erie County, which includes the city of Buffalo, the state’s second-largest city.
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