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المشهد العربي
Source: المشهد العربي
24 Hrsالمشهد العربي
Source: المشهد العربي
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U.S. state and local government bonds are on track for their best October performance in more than four decades, after the Bloomberg Municipal Bond Index rose about 3.6% since the start of the month. The index could post its biggest monthly gain since November 2023 and its first positive monthly return since June, following losses driven by inflation and interest-rate concerns. The recovery has been supported by lower valuations and higher yields, as buyers returned to take advantage of tax-loss selling after the bonds’ worst monthly performance in September since 2008.
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