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Since reaching rally highs near $132 a share back in July, 2012, long-term bonds have been moving steadily lower. Two weeks ago, the ETF iShares 20+ Year Treasuries (TLT) made a quick surge higher,...
First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data from the Labor Department in Washington. That's...
On Friday, the governor of Michigan, Rick Snyder, announced that the State of Michigan would seek to take over the financial management of the City of Detroit within two weeks. The governor would...
The global law intelligence unit of Allen & Overy, the London based global law firm, has prepared a white paper on the pari passu clause and the Argentina bond default. This paper is just part of...
Moody's took away the UK's triple A rating late Friday. A ratings downgrade has long been rumored, and although the timing is always surprising, the move itself has long been anticipated. Sterling...