Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
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Western countries are increasing pressure on Turkey to admit Sweden to Nato, as Stockholm makes a final push to overcome Ankara’s opposition to its membership. Ulf Kristersson, Sweden’s prime minister, writes in the Financial Times that a new anti-terror law entering force on Thursday delivers “on the last part” of an agreement to secure Ankara’s
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Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan. bitFlyer has introduced restrictions
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Considering an office investment in today’s market might seem like the ultimate contrarian decision, especially as hybrid schedules dominate and companies report a slow return to in-person work. Indeed, millions of square feet of office space lie vacant in places across the country. For Manhattan office buildings, the average visitation rates were 61% of the
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Municipal bond investors are paying more attention to the credit risks posed by public pension and other retirement liabilities. Municipal finance officers should prepare to address those questions when they apply for bond ratings and sell new issues and may want to consider bond insurance or other forms of credit enhancement to help build investor
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