The European Central Bank announced that its Governing Council raised interest rates 25 basis points, as expected, at its latest monetary policy meeting Thursday.
The minimum bid rate on variable-rate refinancing operations was increased to 1.50% from 1.25%, the marginal lending rate was hiked to 2.25% from 2.00%, and the deposit rate, the floor for euro money market rates, rose to 0.75% from 0.50%.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
