Fixed income investors are facing challenges in 2025, with nearly $3 trillion of U.S. debt set to mature, including short-term notes that the Treasury Department has been issuing. The market may struggle to absorb this massive issuance as the government aims to lengthen the duration of its debt, potentially leading to concerns. Despite expectations for a decrease in the deficit next year, the focus remains on the need to transition excess Treasury bills to the five-to-ten-year portion of the curve, posing a significant worry for the market.
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Auckland Museum’s Māori, Pacific galleries closed indefinitely due to asbestos
Auckland War Memorial Museum's popular Te Marae Atea Māori Court and Pacific galleries are closed indefinitely due to detected asbestos, with estimates suggesting a four-year closure. The museum had previously reopened sections after an initial closure in May, but remediation continues in affected areas, including the Grand Foyer. Explain It To Me Like I'm 5: The Auckland War Memorial Museum has to keep two of its favorite places closed for a long time because they...
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