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The new-issue calendar is led by the New York Transportation Development Corp. with $1.5 billion of green AMT special facilities revenue bonds for the John F. Kennedy International Airport New Terminal One project,
USTs spiked 17 basis points on the short end and 15 to 12 10-years and out following the release, while triple-A curves saw yields rise two to five basis points, depending on the yield curve, in a more muted and typical reaction for the asset class.
State and local governments are contending with more strikes as unions gain strength after decades of decline, a particular concern for hospitals still struggling to recover from pandemic-induced setbacks.
A widening gap with the private sector and the erosive effects of inflation are spurring workers to action.
A widening gap with the private sector and the erosive effects of inflation are spurring workers to action.