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<img src=”https://public.flourish.studio/visualisation/21116027/thumbnail” width=”100%” alt=”chart visualization” /> Municipals could not ignore the sharp selloff in U.S. Treasuries Friday following the hotter-than-expected jobs report as both markets saw losses across the curve. Equities also closed with large losses as more market participants expect the data to temper Federal Reserve rate cuts.  The December jobs report took a
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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. The wealthy are accustomed to choosing private healthcare and private schooling, but now private divorce is an option too. Thanks to intense delays in waiting for court appointments and unwanted publicity once they get them,
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Consumers face a darkening outlook across their borrowing and investments due to a UK debt market sell-off that has deepened since the new year. Yields for UK government bonds, or gilts, along with US Treasuries and other sovereign bonds, have risen as investors expect interest rates will remain higher for longer due to stickier-than-expected inflation.
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Sir Keir Starmer met a senior member of Bangladesh’s ousted ruling party last month, despite the Awami League facing accusations of embezzlement and of allowing its security forces to kill protesters. The UK prime minister met Anwaruzzaman Chowdhury, the ousted mayor of the city of Sylhet and a key party figure, at a dinner held
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John Miller joined the boutique firm First Eagle Investments in late 2023 where launched a high-yield fund that climbed to $5 billion the first year with returns of almost 12%.First Eagle First Eagle Investment’s new high-yield municipal bond fund ballooned from scratch to more than $5 billion in its first year — and generated market-beating
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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. When bond markets get sticky, it is unhelpful to be the ugliest horse in the glue factory. Sadly, that is the role now performed by the UK. It has been a grim start to the
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East High School in Denver. Moody’s Ratings upgraded Denver Public Schools’ general obligation ratings ahead of an $806 million bond sale later this month.Adobe Stock Denver Public Schools will sell more than $800 million of bonds later this month, buoyed by a ratings boost from Moody’s Ratings, which cited the district’s strong management for the
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Meta CEO Mark Zuckerberg shrugged off criticism that his new policy that does away with third-party fact-checking and censorship will alienate users — insisting that anyone who quits company platforms Facebook, Instagram and Threads would be “virtue signaling.” Zuckerberg responded to a post on Threads that criticized him for Tuesday’s decision, with many calling him
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Here in the U.S., the House of Representatives voted to sanction the International Criminal Court after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former military chief Yoav Gallant for war crimes and crimes against humanity. Forty-five Democrats joined 198 Republicans to approve the “Illegitimate Court Counteraction Act.”
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Patty Burns, a 93-year-old with a sparkling memory, has lived in the Pacific Palisades neighbourhood of Los Angeles for more than 60 years. She always kept a black suitcase filled with important documents at the ready, in case of a fire.  On Tuesday, she needed it. Her daughter, who lives just up the road, arrived
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a technology entrepreneur and investor. In 2016, President Barack Obama told his staff that Donald Trump’s election victory was “not the apocalypse”. By any definition, he was correct. But understood
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