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Secondary trading showed weaker prints, moving triple-A yields higher by three to seven basis points, outperforming larger losses in UST. California priced $2.2 billion of GOs for retail.
New presidential administration will likely bring some student loan debt cancellation As a new presidential administration takes office, Massachusetts Senator Elizabeth Warren hopes to cancel some student loan debt. Canceling that debt would impact about 40 percent of Brandeis students—students who rely on federal loans to pay Brandeis’ higher than average tuition. The federal government has paused payments and involuntary collections on federal student loans due to the coronavirus pandemic—a rule that was set to expire Jan. 31, but one President-elect Joseph Biden will extend when he a...