Municipals were little changed in secondary trading, as eyes turned toward the primary market’s large revenue deals from the New York State Thruway Authority and the Colorado Health Facilities Authority. The 2/10 U.S. Treasury curve significantly inverted after the June consumer price index report came in hotter than expected at 9.1%, further stoking recession fears
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Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy, following a wave of digital asset companies that have frozen assets and entered restructuring amid a sharp sell-off in cryptocurrencies this year. The Hoboken, New Jersey-based company’s Chapter 11 bankruptcy filing in federal court in New York comes roughly a month after
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Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors. One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps). Data from Cointelegraph Markets
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Few places seemed more risky during the early, pre-vaccine peaks of the Covid-19 pandemic than nursing homes and senior housing facilities. That includes Arbor Court Retirement of Topeka, the oldest retirement community in Topeka, Kansas. “There was a lot of fear,” says Linda Clements, the director of business development at Arbor Court of Topeka, an
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David Ryder | Getty Images After staggering growth during the pandemic, the U.S. housing Boismarket is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which ranked U.S. metropolitan markets based on median sales prices, year-over-year inventory
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Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on the day.
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A higher inflation, higher interest rate environment will exacerbate pension-related risks to investors in U.S. state and local government bonds, moving those risks back center stage for the municipal market as the direct impacts of the COVID pandemic ease. From a bondholder’s perspective, pension risk refers to the possibility that pension costs can grow to
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