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Risk-Off Tone Helps Muni Market See Best February Since 2020

(Bloomberg) -- The muni market notched an unusually strong month in February — but the asset class is facing headwinds as new bond sales build.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkThe state- and local-government debt

Fed's Musalem expects continued economic growth, but sees risks in recent data

St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth. "Recent anecdotal reports from business contacts are more mixed, and some measures indicate that business activity has slowed, suggesting increased caution at least among some firms," he said. "While I continue to expect the economy to grow at a good pace in coming quarters, I would become concerned if we begin to see more evidence of a consumer pullback or a dampening of business confidence and investment plans," Musalem said.

Apollo Lends $275 Million for Luxury NYC Wall Street Apartments

(Bloomberg) -- Apollo Global Management Inc. provided a $275 million loan to refinance a pair of apartment towers in Manhattan’s financial district. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkThe two-building complex at 63-