Municipals were little changed Wednesday as supply slowed and small inflows into muni mutual funds returned. U.S. Treasury yields fell and equities saw losses. The Investment Company Institute reported small inflows to municipal bond mutual funds for the week ending April 10, with investors adding $18 million to funds following $69 million of outflows the week
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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. Rishi Sunak has been warned by the IMF to take much tougher action to rein in the UK’s public debt, putting a question mark over the prime minister’s cuts to national insurance. The IMF on
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Wisconsin’s Housing and Economic Development Authority last week rolled out its Infrastructure Access Loan program, a partnership with developers and local governments to build more workforce housing, against the backdrop of a worsening housing affordability crisis. Housing supply shortages and high home prices have driven existing home sales to a nadir last seen during the
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In this article .BKX US10Y Follow your favorite stocksCREATE FREE ACCOUNT Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I
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Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s gross domestic product grew 5.3 per cent in the first quarter against a year earlier, exceeding market expectations as Beijing tries to steer a manufacturing-led revival of the world’s second-largest economy. The strong first-quarter
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Brodie Killian has moved to PFM Financial Advisors from Stifel Nicolas & Co., joining its Ann Arbor office as a director. The move represents the capstone achievement of Killian’s broad career in the municipal bond market, he told The Bond Buyer.  “My past experience gives me a unique perspective as a municipal advisor who has
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Duluth, Minnesota-based St. Luke’s Hospital’s new affiliation with Wisconsin-based Aspirus has lifted the prospects for its speculative-grade bonds. S&P Global Ratings placed the hospital’s BB-plus rated bonds on CreditWatch with positive implications April 5, citing the March transaction which made Aspirus responsible for all of St. Luke’s debt. A CreditWatch positive typically means that S&P
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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. Israel’s war cabinet met on Sunday afternoon to discuss possible responses to a massive overnight Iranian drone and missile attack, with US President Joe Biden urging restraint as the Middle East edged closer to full-blown
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Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Iran’s elite Revolutionary Guards have seized an Israeli-owned container ship in the latest escalation of hostilities between the Islamic republic and Israel. The capture of the ship comes as Tehran has been
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In this article AAP Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of the Advance Auto Parts store at the Sunbury Plaza. Sopa Images | Lightrocket | Getty Images Company: Advance Auto Parts (AAP) Business: Advance Auto Parts is an automotive aftermarket parts provider, serving professional installers and do-it-yourself customers. Its stores and branches
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