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Municipals were mixed Wednesday, but selling pressure was evident on the short end, as few deals of size priced in the primary market and balances from Tuesday’s large new-issues were digested. Munis underperformed a stronger U.S. Treasury market while equities ended up. Despite weakness Wednesday and Tuesday, munis have “held in pretty well,” with yields
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Enjoy complimentary access to top ideas and insights — selected by our editors. As Women’s History Month comes to a close, The Bond Buyer highlighted the trailblazing women of the public finance industry. From bankers to bond counsel and city CFOs to state treasurers, the private and public sectors include leaders in the municipal market
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As Xi Jinping toured China’s central Hunan province last week, local officials were called forward to inform the nation’s powerful leader on their plans to accelerate the development of “new quality productive forces”. The slogan, rooted in 19th-century Marxist thinking, has in early 2024 become shorthand for Xi’s vision of economic growth underpinned by China’s
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Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s
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S&P Global Ratings affirmed its A-minus underlying rating and negative outlook for Texas-based IDEA Public Schools, while warning of potential governance risk associated with the state’s appointment of conservators that could lead to a downgrade. Under a settlement agreement announced earlier this month with the Texas Education Agency (TEA), two conservators will oversee and direct
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An example of Pacaso’s new lower-priced vacation home listings. CNBC Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more
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Legal challenges to the New York Metropolitan Transportation Authority’s congestion tolling program for lower Manhattan have already slowed down the authority’s capital construction projects, months before toll collections are slated to begin. The authority announced a pause on new capital contracts in February, reiterated in the offering documents for $1.3 billion of revenue refunding bonds
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Stay informed with free updates Simply sign up to the Emerging markets myFT Digest — delivered directly to your inbox. The writer is chair of Rockefeller International Emerging world powerhouses such as India and Indonesia weathered the turbulence of recent years in solid shape and are widely recognised for their success. Now many of the
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Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China.  China News Service | China News Service | Getty Images China has two choices right now: return to its old economic policies, or choose reforms to spur
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