The municipal bond market shrank, retail continues to access it, and broker-dealer holdings have grown, the latest Federal Reserve data show. Fed data show the outstanding universe of munis shrinking in the third quarter in terms of both par basis and market value, said Matt Fabian, a partner at Municipal Market Analytics. The value of
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In this article SJR.B-CA RCI.B-CA 2015-HK LUV Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1%
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UK house prices fell for the fourth consecutive month in December, marking the longest contraction since the 2008 financial crisis, as rising interest rates deterred prospective buyers. Prices contracted 0.1 per cent between November and December, following falls every month since September, according to figures provided by Nationwide, the mortgage provider. It was the worst
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In this article RSX RSXJ Follow your favorite stocksCREATE FREE ACCOUNT Russian President Vladimir Putin chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence outside Moscow, Russia November 25, 2022.  Alexander Shcherbak | Sputnik | Reuters VanEck is liquidating its Russia-centric exchange-traded funds after the ongoing war in Europe has
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Municipals were weaker in spots Thursday as outflows from mutual funds lessened. U.S. Treasuries were firmer five years and out and equities rallied. The three-year muni-UST ratio was at 60%, the five-year at 64%, the 10-year at 68% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the
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Public infrastructure will glide into 2023 supported by massive federal aid, but the rising cost of projects could trip up the country’s national rebuilding plan. Macroeconomic uncertainties like material prices, labor shortages, high interest rates and slowing economic growth may make capital financing more expensive. And that may prompt cautious local and state leaders, who
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