Fixed income markets are undergoing a structural shift as institutional investors increasingly use exchange-traded SOFR ...

LONDON (Reuters) - Banks' fixed income and swaps teams are likely to be the next to suffer from a continuing wave of job cuts as the sector adjusts to tougher regulations and smaller profits, leading ...

The cost of insuring Illinois's bonds against default rose to the highest level in five months as the state headed for the new year without a plan to finance a $3.7 billion pension-fund contribution.

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