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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy shrank slightly in the third quarter, according to revised figures that highlight the country’s struggle to shake off its low-growth performance. The Office for National Statistics said on Friday that gross domestic
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Municipals were little changed Thursday as inflows to municipal bond mutual funds returned. U.S. Treasuries were weaker five years and out, and equities ended up. The two-year muni-to-Treasury ratio Thursday was at 58%, the three-year at 59%, the five-year at 59%, the 10-year at 59% and the 30-year at 86%, according to Refinitiv Municipal Market
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Municipals were firmer Wednesday amid another stronger session for U.S. Treasuries while equities sold off on concerns of an overbought market. Triple-A yields fell two to four basis points while UST yields were lower by up to seven on the short end near the close. The two-year muni-to-Treasury ratio Wednesday was at 58%, the three-year
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Football’s governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening a path for the biggest clubs to form new breakaway competitions. The EU’s top court
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If bondholders are not allowed a lien on Puerto Rico Electric Power Authority revenues, it could “threaten the continued viability of the primary revenue stream for vast swaths of municipal public works projects,” 14 attorneys general and the Securities Industry and Financial Markets Association said in friend of the court filings with the First Circuit
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International Though Indian Prime Minister Narendra Modi is in his 10th year in office, his position is as strong as ever. The Bharatiya Janata party’s overwhelming election victories in
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Municipals were little changed Monday as U.S. Treasuries were weaker and equities ended up. Volume this week is relatively light with the new-issue calendar estimated at $1.6 billion. There are only two deals over $100 million. The Bond Buyer 30-day visible supply sits at $4.03 billion. In the primary market Monday, Jefferies held a one-day
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Yuichiro Chino | Moment | Getty Images Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business. To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management firms for years.
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Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era worth trillions of dollars support for struggling businesses. Following a decade of decline the number of
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