Some migrants lose right to bond hearings
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The U.S. bond market sold off on Tuesday in a manner that tends to spell fresh trouble for many stock investors.
MSCI's global equities index lost ground on Tuesday after touching a record high, while U.S. Treasury yields hit their highest level in more than a month, as investors digested a slight rise in U.S. inflation and took a mixed view of quarterly results from big banks.
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Equity market strength was mostly in tech, after AI darling and chipmaker Nvidia said overnight it plans to resume sales of its H20 AI chips to China. Hong Kong's tech index got the ball rolling with a 2.8% rise, and tech was the only sector on the S&P 500 to close in the green.
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Bulgaria is tapping the international debt market for the second time in 2025, capitalizing on credit-rating upgrades spurred by its entry into the euro area next year.
The stock market is right to be trading around highs, but the bond market is off base in assessing that Federal Reserve rate cuts are right around the corner. That’s the view from a Citadel Securities blog post from Nohshad Shah, head of fixed income sales in Europe, the Middle East and Africa, in his latest take on markets.
This summer completes the HVAC upgrades at Davis Bilingual Elementary School by Tucson Unified School District.