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Municipals were steady to weaker in spots Friday ahead of a large new-issue calendar, while U.S. Treasuries were mixed and equities sold off upward of 2.5%. Investors will be greeted Monday with a big uptick in supply, with the new-issue calendar reaching $9.251 billion with $6.572 billion of negotiated deals and $2.679 billion of competitive
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The U.S. Supreme Court reversed the decision of two lower courts that had declared Puerto Ricans eligible for federal Supplemental Security Income benefits. The Supreme Court released its 8-1 decision in the United States v. Vaello Madero case on Thursday. Justice Sonia Sotomayor wrote the a dissent. The SSI program provides financial assistance to disabled
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Municipals were relatively stable amid mixed trading Wednesday as U.S. Treasuries rallied out long and stocks were mixed. The Investment Company Institute reported $7.2 billion of outflows from municipal bond mutual funds, the largest figure since the outlier months of March 2020. In the week ending April 13, investors pulled $7.227 billion from the funds,
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