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They are not municipal bonds, but they follow municipal bond repayment practices.

The gap between costs and wages hit an inflection point and policy may determine what happens next, according to the Harvard Joint Center for Housing Studies.

Federal Reserve Chair Jerome Powell testified in the House Tuesday on the heels of yet another pointed social media post from President Donald Trump. But House Republicans largely avoided landing political blows against the central bank chair.

Officials are set to propose changes to what's known as the enhanced supplementary leverage ratio, after concerns that the bank capital rule constrained trading in the $29 trillion Treasuries market.

Renewed expectations that the Federal Reserve could start cutting interest rates as soon as next month supported gains in the bond market.

Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.

The deal includes a step-up rate to the coupon for the A1A, A1B, A2 and A3 notes beginning in July 2029, and the increased rate will be equal to the original class coupon rate, plus 1%.

The CEOs of Bank of New York Mellon and Northern Trust have had at least one discussion about a potential merger, according to a Wall Street Journal article. On Monday, a spokesperson for Northern Trust said the bank "is fully committed to remaining independent."

Bond investors are on alert for hints on when the Federal Reserve will deliver the two 2025 interest-rate cuts officials projected at their latest policy meeting.

Deputy Treasury Secretary Michael Faulkender says Basel capital rules need to fit the U.S. economy and avoid discouraging banks from lending.