U.S. inflationary pressures were up slightly in May, as the U.S. future inflation gauge grew to 101.3 from a revised April 101.0 reading, first reported as 101.1, according to data released Friday morning by the Economic Cycle Research Institute.
"With the USFIG creeping up, underlying inflation pressures continue to firm," ECRI Chief Operations Officer Lakshman Achuthan said in a release.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
