Latest news with #stateDebt
Bloomberg
3 days ago
- Business
- Bloomberg
Edgar Lungu, Ex-Zambian Leader Who Riled Investors, Dies at 68
Edgar Lungu, a former Zambian president who clashed with investors in the key mining industry and oversaw a massive ramp-up in state debt, has died. He was 68. Lungu had been under medical supervision in recent weeks and died in a hospital in South Africa early Thursday, his daughter Tasila Lungu-Mwansa said in a video posted on social media.
Bloomberg
27-05-2025
- Business
- Bloomberg
Short-Term Muni Gains Shield Investors From Long-Bond Struggles
Muni investors seeking nearly instant gratification are being rewarded for their eagerness. State and local debt is often seen as a buy-and-hold investment, but in 2025 bonds maturing in under a year are performing the best of all muni segments, according to data compiled by Bloomberg. The municipal short-term index has jumped 1.3% — the biggest year-to-date gain since at least 2012 — while most other Bloomberg municipal indexes have posted losses.
