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Europe plans $118 billion in social bonds to fund recovery

Bloomberg The European Union looks (EU) set to launch a foray into social bonds, a market that has already swelled four-fold this year to fund projects to help societies recover from the coronavirus. The bloc’s first ever social bond sale is expected to come in the second half of October, as part of up to 100 billion euros ($118 billion) ...

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US 30-year yield highest since June on election calculus

Bloomberg The longest-maturity Treasury yield surged to a three-month high as traders adjusted their election bets. The yield curve steepened as the 30-year rate climbed more than nine basis points to 1.581%, the highest level since June 10, driving the widely watched 5- to 30-year spread to a peak of almost 125 basis points. Rates moved as US President Donald ...

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UK house prices rise most in September since 2016

Bloomberg UK house prices rise at their strongest annual pace since 2016 last month as Britons’ changing work patterns and a tax reduction on purchases fanned a resurgence. Average house prices rise 7.3% in September from a year earlier to a record average of 249,870 pounds ($323,000), mortgage lender Halifax said on Wednesday. On the month alone, prices gained 1.6 ...

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