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Moody’s Investors Service raised the outlook on Guam to positive from stable on Thursday. The outlook is on the Ba1 rating of the territory’s general obligation, special tax rating, and the Ba2 rating on its certificates of participation rating, all of which were affirmed. The improved outlook stems from Guam’s improved financial position resulting from
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Republican senators Thursday urged Transportation Secretary Pete Buttigieg to restore regular funding for a handful of popular transportation grant programs that President Biden’s fiscal 2024 budget leaves on the chopping block. Buttigieg appeared before the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies subcommittee Thursday to defend Biden’s $6.9 trillion 2024
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Equity markets were mixed on Friday as concerns over the health of the global banking system dragged down shares in US lenders down more than 14 per cent this week. The FTSE All-World stock index was down 0.1 per cent on Friday during Asian trading but up 1.6 per cent for the week. Technology stocks
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation
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Municipals were slightly firmer in spots, while U.S. Treasuries extended their rally once more and equities ended up. The two-year muni-UST ratio was at 65%, the three-year at 66%, the five-year at 68%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
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Municipals were mixed Wednesday as U.S. Treasuries rallied following the Federal Open Market Committee’s decision to hike rates a quarter point. Equities sold off. The two-year muni-UST ratio was at 64%, the three-year at 65%, the five-year at 67%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET
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