nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments.  Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from
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Municipals sold off out long in secondary trading while two billion-dollar-plusnew-issues from California and the New York City Transitional Finance Authority made concessions in primary pricings. Munis continued to play catch up to the rise in U.S. Treasury yields, though taxables improved Wednesday and equities ended mixed. Municipal bond mutual funds saw more losses with
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Crypto staking platform Freeway pointed at the failure of one of its cryptocurrency trading strategies, along with market conditions as the leading reason for halting user withdrawals earlier this week. The crypto yield platform on Oct. 23 announced it was halting various transactions relating to its high-yield “Supercharger” product, citing “unprecedented volatility” at the time, without
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The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines after hours. Alphabet — The search engine parent dropped 5.8% after Alphabet missed third-quarter earnings expectations, and reported a decline in YouTube ad revenue. Alphabet earned $1.06 per share
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Munis were mixed Tuesday as the secondary took a backseat to the larger primary that began pricing, while U.S. Treasuries whipsawed into a rally as economic data signaled the Federal Reserve’s actions are cooling the economy while equities improved on better corporate earnings. Triple-A yields were little changed to weaker by a basis point or
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Rishi Sunak on Tuesday became Britain’s third prime minister in the space of two months and immediately started to assemble a “unity cabinet” to tackle “the profound economic crisis” facing the country. Sunak, who was invited to form a government by King Charles on Tuesday morning, said he would prioritise “economic stability and confidence” but
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As politicians and fund managers spar over how public finance should respond to questions related to environment, social, and governance concerns, muni bond issuers on the front lines are quickly getting up to speed.  “Investors and regulators are looking for ESG disclosures about environmental, social, and governance factors that may affect municipal issuers credit and
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The price of Polygon’s MATIC (MATIC) coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5% four days after Nubank, a Brazilian fintech company backed by Warren Buffett’s Berkshire Hathaway and Softbank, confirmed that it
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There’s nothing like a classic pre-war New York City townhouse, especially in the charming neighborhood of Sutton Place. These properties aren’t easy to come by, particularly for renters. Another challenge of these spaces is making them your own. No one knows this better than artist Elizabeth Sutton. The native New Yorker recently moved to a
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On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due
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Munis continued to see losses following Friday’s selloff as the 30-year triple-A yield topped 4%. U.S. Treasuries ended the session weaker across the curve while equities extended gains. Triple-A yields rose three to seven basis points, depending on the scale, while Treasuries saw larger losses out long. The three-year muni to UST ratio on Monday
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You are seeing a snapshot of an interactive graphic. This is most likely due to being offline or JavaScript being disabled in your browser. Rishi Sunak will on Tuesday enter Downing Street as Britain’s youngest prime minister in modern times and its first non-white leader, with a vow to get to grips with the “profound
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