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Muni Mega Deals Set to Smash Record on Lower Rates, Higher Costs [Yahoo! Finance]
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Most Read from Bloomberg Microsoft's Xbox Is Planning More Cuts After Studio Closings Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track ‘Seriously Underwater' Home Mortgages Tick Up Across the US Arm Slides as Tepid Outlook Fuels Concerns Over AI Slowdown Nowhere is this more evident than in the number of bond sales of $1 billion or more, long a rarity in municipals. There have been 22 so far this year, putting the market on pace to smash the previous annual record of 26 set in all of 2020, according to data compiled by Bloomberg. Those deals account for almost one-quarter of the year's $154 billion in long-term borrowing. “I've never seen deal sizes like this,” said JB Golden, portfolio manager for Advisors Asset Management. He said the large deals make it easier for smaller firms to get access to bond sales, a welcome development. The boom in very large municipal-bond transactions has been sparked by lower borrowing costs and governments prioritizin
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- Apple's 27% App Store Fee Plan Gets Skeptical Reception by Judge [Yahoo! Finance Canada][Yahoo! Finance Canada]
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- Apple's 27% App Store Fee Plan Gets Skeptical Reception by Judge [BNN Bloomberg (Canada)][BNN Bloomberg]
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