Fed eyes bank reserve risks that triggered end to QT last time
The Federal Reserve looks to be paying closer attention to a potential pinch-point that rankled dollar funding markets almost three...
Bonds
Another day of pressure on short end, 2nd week of outflows
Municipals were weaker again Thursday led by continued pressure on the short end while municipal bond mutual funds saw outflows...
Brightline prices $770 million for Florida passenger train line
Brightline Holdings, the rail company backed by Fortress Investment Group, sold $770 million of unrated tax-free debt with hefty premiums...
Munis sell off hard, short yields top 2%
Municipals sold off Wednesday with the largest losses up front, pushing the one-year triple-A yield well above 2%, the first...
Fitch adds six municipal bond analysts to its public finance group
Fitch Ratings said it has hired six analysts to join its U.S. Public Finance group. The analysts will be based...
Short end muni curve inverts as ratios continue to adjust
Municipals were weaker Tuesday as short-end munis continued to sell off, U.S. Treasuries were weaker 10 years and in and...
Lisa Gorab, a New Jersey bond counsel ‘trailblazer,’ is remembered
Lisa Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer law firm, passed away on June 4 at 61.The...
Short-end extends selloff, USTs firmer
Short-end munis extended their days long selloff, continuing to play catch up to short-end U.S. Treasuries, as triple-A munis correct...
Underwriting spreads fall to historic lows in 1H 2022
Heavy competition for a significantly lower volume of municipal bonds drove a sharp decline in overall underwriting spreads to $3.54...
‘Boot camps’ help small cities compete for federal infrastructure dollars
Smaller-sized cities and towns worried they won't be able to snag a piece of the infrastructure dollars unleashed in the...
Illinois gets $4 billion federal boost for six-year road and bridge program
The federal infrastructure package will boost Illinois' six-year transportation spending by $4 billion, Gov. J.B. Pritzker said Friday.The state will...
California’s approved budget keeps it on track for S&P upgrade
California lawmakers' focus on one-time spending in the budget approved July 1 keeps the state on track for a potential...
Short end sells off; Calendar climbs above $10B
Short-end munis sold off Friday as pressure from two-year U.S. Treasury yields as well as rising floating-rate muni yields have...
Houses passes climate bill, sends to Biden’s desk
The U.S. House of Representatives Friday sent President Joe Biden a long-debated climate, tax and healthcare bill.The legislation passed with...
Short end pressure felt; mutual fund outflows return
Municipals were weaker on the short end and mutual fund outflows returned Thursday while U.S. Treasuries saw losses across the...
Largest ‘social’ ESG muni deal yet gets a new issue date
If all goes according to plan, municipal markets will see the largest ESG bond pricing ever next week as Massachusetts...
Fed leaders, unswayed by softer CPI, see rate hikes into 2023
Two Federal Reserve officials responded to softening inflation data by saying it doesn't change the U.S. central bank's path toward...
Chicago budget forecast brightens
Chicago's heads into 2023 budget season with a $127.9 million gap to close, offering the market a key fiscal update...
Oklahoma Turnpike bonds conditionally approved
An oversight panel on Tuesday approved $500 million of bonds for the Oklahoma Turnpike Authority subject to conditions that include...
Supply scarcity supporting muni outperformance
It was all about the primary Tuesday, with a lightly traded secondary market taking the back seat doing little to...
Cook County hits market with $500M, plus more positive rating news
Cook County, Illinois, heads into the market this week with two deals totaling nearly $500 million that will benefit from...
