Voters in Houston have rejected a $4.4 billion bond issue aimed at renovating and upgrading schools. The vote was seen as a response to the state takeover that removed democratic control of the schools and ousted Superintendent Mike Miles. Superintendent Mike Miles expressed disappointment in the rejection of the proposed bond, calling it “unfortunate and … Read more
Californians decisively approved a $10 billion initiative on Tuesday to support construction projects for TK-12 schools and community colleges. Proposition 2, which passed with 56.8% of the vote, will be the first state bond for school construction since 2016, replenishing state funding that had been depleted. The victory of Proposition 2 comes as a relief … Read more
Bonds are declining globally as investors consider the possibility of slower US interest rate cuts, a trend that could disrupt debt positions across the board. Treasuries continued their losses, with the 10-year yield climbing back above 4.20% for the first time since July. The rate on equivalent German bonds also rose, reaching the highest level … Read more
(Bloomberg) — Asian stocks and bonds are facing a second consecutive day of declines as investors reassess their expectations for Federal Reserve interest rate cuts for the remainder of the year. The MSCI AC Asia Pacific Index dropped by as much as 1.1%, with Australian and Japanese benchmarks falling while Chinese markets saw gains. This … Read more
A sell-off in Treasuries has strengthened the dollar and left equities mixed as new signs of economic strength have led traders to lower their expectations for US rate cuts. In Japan, shares rose with the help of a weaker yen, while equities in Australia and South Korea fell. US futures remained flat after the S&P … Read more