In a surprising display of market dynamics, municipal bonds faced significant selling pressure this Wednesday, reflecting broader trends in the financial landscape. The sell-off, marked by double-digit yield cuts for the second time this month, raises questions about the stability and future of the muni market amidst rising U.S. Treasury yields and overall economic uncertainty.
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North Carolina’s recent appointment of Jeff Poley as the interim director of the State and Local Government Finance Division comes at a time of significant upheaval in fiscal governance. While the announcement by Treasurer Brad Briner highlights Poley’s extensive experience and successful previous initiatives, such as the Hurricane Helene Cashflow Loan Program, there are critical
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The legal battle unfolding between the American Securities Association (ASA) and the Securities and Exchange Commission (SEC) over the Municipal Securities Rulemaking Board (MSRB) represents more than just a technicality in regulatory law; it unveils a troubling tendency toward governmental overreach that threatens to undermine the principles of free-market capitalism. The crux of the ASA’s
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In recent years, a significant influx of government spending has catalyzed a much-needed enhancement of America’s aging infrastructure. The American Society of Civil Engineers (ASCE) released its latest report card, revealing that the nation’s cumulative GPA has risen to an encouraging ‘C’ for the first time in history. This incremental improvement, up from a ‘C-‘
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Hyundai’s recent announcement of a staggering $20 billion investment into U.S. onshoring sends ripples through both economic and political spectrums. The centerpiece of this investment is a $5 billion steel plant in Louisiana, projected to create around 1,500 jobs while catering to the company’s ambitious goals for electric vehicle production. This move can be interpreted
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In the world of real estate investment, short-term rentals have emerged as a beacon of opportunity, particularly in Asia. Whether you’re seeking to build a portfolio or simply want to cash in on the booming tourism market, investing in short-term rental properties can yield impressive annual returns. According to freshly released data from AirDNA, markets
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