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Month: July 2023
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July municipal bond issuance fell 8% from 2022 as issuers dealt with another month of mixed macroeconomic concerns and rising interest rates, but the month saw the smallest drop in issuance year-over-year in 2023. July’s total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, and lower
UK mortgage approvals rose unexpectedly in June, despite further increases in interest rates. Bank of England statistics showed net mortgage approvals for house purchases rose to 54,700 from 51,100 the previous month, while approvals for remortgaging rose to 39,100 from 34,100. Analysts had expected the housing market to slow in a month when stubbornly high
The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment. However, this bullish mood did not benefit Bitcoin (BTC) as it largely remained range-bound
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