Sales of Asset-Backed Bonds Soar Ahead of Trump-Biden Rematch, Rate Cut Decisions

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Wall Street’s securitization engine is revving up with issuance touching record levels as borrowers rush to secure funding before any credit market disruptions caused by the US general election.

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Restaurants Experience Surge in Sales During EclipseRestaurants along the path of totality during the eclipse saw a significant increase in sales as people sought out the best locations to view the celestial event. Sales data from Square, a payments technology company, revealed that restaurants in Niagara Falls, Ontario experienced a 404% increase in sales compared to the average Monday in 2024. Similar patterns were observed in various counties in the United States, with some reporting a rise of over 500% in restaurant sales. This surge in spending is as rare as the eclipse itself, according to Square's research and data lead, Ara Kharazian.
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