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BOGALUSA, La. (WVUE) – Bogalusa mayor Tyrin Truong bonded out of jail Tuesday evening (Jan. 7), after spending most of the day behind bars following his arrest for what authorities described as his role in a sprawling drug-trafficking scheme that also involved guns and prostitutes. Truong, 25, did not comment to reporters as he left … Read more
What’s going on here? Asian dollar bonds could surge by 20% this year, thanks to Chinese debt deals and declining US interest rates. What does this mean? The Asian dollar bond market is set for substantial growth, anticipating $220-$225 billion in 2025. This rise is driven by two main factors: Chinese companies are boosting bond … Read more
(Bloomberg) — The US government’s monthly auction of 10-year notes drew the highest yield since 2007 after the latest economic data suggested that the Federal Reserve is less likely to cut interest rates again before mid-year. Most Read from Bloomberg The $39 billion auction was awarded at 4.68%, slightly higher than indicated by its level … Read more
Press release from College of the Redwoods: In the November election, College of the Redwoods successfully secured voter approval for Measure I, authorizing up to $120 million in general obligation bonds to support local educational infrastructure improvements. Measure I was passed under the guidelines of Prop 39, which requires financial accountability and … Read more
JACKSON, Tenn. — The long-awaited vote regarding the up to $36 million in bonds for the City of Jackson has finally happened. The vote was held Tuesday morning at the city council meeting. This bond request has always been presented as ‘to not exceed $36 million.’ While this is the case, some council members felt … Read more
For chief information security officers (CISOs) still looking to set some professional goals for the New Year, or to expand on a list they’ve already compiled, consider strengthening the relationship with your organisation’s legal function. You may well have already spent a great deal of time building bridges with company lawyers. After all, it’s … Read more
The University of Iowa is requesting approval from the Iowa Board of Regents for a resolution that would authorize the “sale, award and issuance” of approximately $252.7 million in hospital revenue bonds to finance projects for its Hospitals & Clinics facilities. Titled “Hospital Revenue Bonds Series 2025A,” the bond sale is in alignment with a … Read more
Federal savings accounts for every newborn child would reduce the racial wealth gap by a “modest” amount and slash overall inequality by a “pronounced” level, a new study said. But financial planning services that help guide the recipients on how to deploy their so-called baby bonds would play a pivotal role — if there were … Read more
US bond yields are surging, risking a stock market decline similar to 2022, according to Apollo’s Torsten Slok. The Apollo economist said President-elect Donald Trump’s spending plans could spark a bond market rebellion. Such a scenario would lead to potential Fed rate hikes in 2025, shocking investors who are pricing in cuts this year. Surging … Read more
(Bloomberg) — Chile is tapping international debt markets with sales of dollar and euro-denominated bonds, joining nations from Mexico to Hungary in what is shaping out to be a busy week for issuance. The South American country is offering 1.7 billion euros of seven-year social notes in a deal that may price Tuesday. It’s also … Read more