The Municipal Bond Index for Tuesday, Nov. 4, has been revised because Standard & Poor's Securities Evaluations Inc. priced one of the bonds incorrectly. The Long Island Power Authority's 6% bond due May 1, 2033, should have been priced at 100.385. As a result, the index for Nov. 4 is now 97-23, the average dollar price is 95.32, the average yield to par call is 6.23%, and the average yield maturity is 5.94%.
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Absolute yields "remain attractive in the context of the trading range over the past three years and our longer-term projections for lower rates this year," according to J.P. Morgan strategists.
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Supply chain disruptions and economic impacts are raising concerns.
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The Washington state island hospital's financial turmoil brought rating downgrades from Moody's Ratings.
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Only one of 14 legacy generation facilities were operating normally at the end of January, suggesting less recovery for bondholders.
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Their accomplishments are vast and their impacts on the industry are invaluable.
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The former Citi banker earlier this month was tapped by Huntington National Bank to become the firm's head of public finance, becoming the fourth woman to ascend to the role in the municipal industry.
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