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Real Estate

“Miami Pitches $2.5 Billion Bond to Stem Dire Housing Crisis”

“Miami-Dade County is seeking $2.5 billion to cope with one of the worst housing crises in the US. Mayor Daniella Levine Cava will propose the new, property tax-backed debt package to voters later this year, she said. The largest portion… Continue Reading…

Stocks

“The stock market sell-off is all about the ‘pain trade’ in bonds”

“Stocks continued their recent sell-off on Tuesday amid a slew of concerning headlines for investors. Labor market data showed job openings unexpectedly jumped in August. An ongoing labor strike in the auto sector is intensifying. And surging oil prices are within a few percentage points of 2023… Continue Reading…

Cryptocurrencies

Cryptocurrency Fraud: “FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents”

“FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, his legal team,… Continue Reading…

Banking, Economy

“With Payments Blocked, Russia Defaulted On External Sovereign Bonds”

“EDITOR’S NOTE: Russia may have defaulted on its sovereign bonds, but don’t take that as a sign of the efficacy of western sanctions. Russia defaulted because the sanctions forced the country into a situation of non-payment, not because it doesn’t have… Continue Reading…

Banking, Economy

“European Central Bank to create new tool to address fragmentation risk and temper bond rout”

“The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage fears of a fresh debt crisis. The decision comes after the central bank surprised… Continue Reading…

Economy, Investing

“Risky oil companies snap up $20bn in junk bond record”

“Lowly rated US energy companies that struggled for survival last year are finding renewed optimism among investors after a surge in oil prices, helping them raise a record amount of debt to fend off bankruptcy. Energy and power companies tracked… Continue Reading…

Stocks

“Top 5 Core Bond Funds for Long-Term Investors”

“1. Fidelity Total Bond Fund (FTBFX) The Fidelity Total Bond Fund seeks to provide investors with high levels of current income. The fund uses the Bloomberg Barclays U.S. Universal Bond Index in guiding its allocation decisions and as a benchmark index. The… Continue Reading…

Banking

“Fed moves to ensure companies can tap bond market for funds”

“The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as… Continue Reading…

Business

“Apple borrows $8.5 billion, joins record corporate debt borrowing spree”

“The iPhone maker on Monday borrowed $8.5 billion with a four-part bond deal, adding its name to the roster of U.S. investment-grade companies borrowing a record amount of debt in the corporate bond market during the pandemic… The Apple bonds… Continue Reading…

Banking

“Fed takes emergency steps to slash rates and ease bank rules”

“The Federal Reserve took massive emergency action Sunday to try to help the economy… slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its… Continue Reading…