The Treasury Department yesterday auctioned $6 billion of 29-year, nine-month bonds with a 4 3/8% coupon at a 4.599% high yield, a price of 96.375954.
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More than 70% of the projects include transit-oriented development and downtown redevelopment initiatives.
20m ago -
With all but one grant secured and construction underway, Pat McCoy reflected on Gateway's journey so far at a Municipal Analysts Group of New York event.
58m ago -
Jason Akers, partner at Foley & Judell, vows to fight to keep the municpial bond tax exemption in his new role.
1h ago -
The airport's first new money foray into the muni market in nearly 12 years will begin to fund a $1.3 billion transformation plan.
5h ago -
While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.
September 19 -
The Fed's 50 basis point cut surprised many, as a looming federal election and all the uncertainty that brings complicates efforts at forecasting.
September 19