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Municipals were weaker Wednesday as investors digested another larger new-issue slate, August redemption dollars, better-than expected economic data and the Fitch downgrade to the United States’ rating. U.S. Treasury yields rose slightly out long and equities sold off. The weakness in munis and UST resulted partly from the ADP Employment Report that showed 324,000 jobs were
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The Oklahoma Turnpike Authority triumphed in a hard-fought battle over the issuance of initial debt to finance a $5 billion expansion project, with the state Supreme Court Tuesday validating the bonds. In a 6-3 decision, the high court approved $500 million of second senior lien revenue bonds, rejecting arguments OTA lacks legislative authorization to build
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Bitcoin (BTC) continues with its sideways BTC price action under $27,000 on May 22 as the bulls and bears find it hard to break the stalemate. Which way Bitcoin?  Notably, BTC price has fluctuated inside a narrowing ascending triangle range since May 11, defined by a horizontal resistance around $27,500 and a rising trendline support
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