Headlines Discussed at LNWM’s Monday Morning Briefing:
- The U.S. posted its smallest budget deficit for the month of March in 14 years (since March 2000), due to higher tax revenue and lower government spending.
- Greece returned to the bond markets, with a €3 billion auction of 5-year, 4.75% notes.
- The U.S. Justice Department is investigating High-Frequency Trading (HFT), for possible insider trading violations.
- To boost growth, China’s Central Bank indicated it will pursue minor policy changes instead of broad stimulus.
- Municipal bonds newly issued by Puerto Rico tumbled, after the Commonwealth hired additional teams of debt-restructuring experts.
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