Municipal Bonds News
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New York Thruway Authority bonds are slumping the most in at least a year as the operator of the longest U.S. toll road faces a potential downgrade and prepares to finance the biggest project in its 62-year history.
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Mariner Investment Group LLC, a hedge fund founded by a former Bear Stearns Cos. fixed-income executive, charged South Carolina’s pension fund more than any other manager while delivering returns that trailed competitors.
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New Jersey Governor Chris Christie, a first-term Republican who ran on a campaign to “tear up the state’s credit card,” now plans to close his revenue shortfall in part by borrowing more.
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For the latest sign of a U.S. housing rebound, Toll Brothers Inc. Chief Executive Officer Douglas Yearley points to Hoboken, New Jersey: A couple torn between two condos last month at the sales office for its Hudson Tea complex decided to think about it over lunch. When they returned an hour later, both units were gone.
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