(Bloomberg) — New York’s $86 billion civil employee pension fund is investing in a not-for-profit partnership that took over loans for properties linked to rent-controlled, rent-stabilized apartment buildings from failed Signature Bank. Most Read by Bloomberg The New York City Employees Retirement System, or NYCERS, will invest up to $60 million in a partnership, led … Read more
(Bloomberg) — Japan’s 10-year sovereign bond yield hit the key psychological level of 1% for the first time since the Bank of Japan ramped up unprecedented stimulus in 2013. Most Read by Bloomberg The focus now turns to how soon super-easy monetary policy will return and how much further yields can rise. Yields on 20- … Read more
(Bloomberg) — Massachusetts will lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere. Most Read by Bloomberg Migration from Massachusetts to other US states accelerated during the pandemic as the rise of telecommuting made it more feasible to live further from the office. … Read more