In the week ended Oct. 20, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.94% from 3.92% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
Are you an investment officer looking to earn a designation to advance your career? Or a CPA in charge of debt or treasury looking for CPE credits? Would learning bond market basics help you untangle the financial concepts you hear about at conferences and in the news? Do you need the flexibility of an online training option?
The Florida Hurricane Catastrophe Fund is well positioned to absorb losses, the fundís financial advisor says, even though $454 million in insurance claims have been filed since Hurricane Matthew brushed the state.
VENICE, Fla. -- An internal draft document comparing the cost of renovating the current Venice police station with building a new one significantly narrows the gap between the two projects to less than $3 million.
Miami agreed to pay $1 million to settle securities fraud charges after the city was found guilty by a local jury of playing a shell game to hide its deteriorating financial condition from bondholders.
Miami City Manager Daniel Alfonso said the city has received a proposed settlement of the Securities and Exchange Commission's case, in which a jury found the city guilty of securities fraud last week.
Miami officials will hold a special meeting with attorneys to determine whether to accept a settlement with the Securities and Exchange Commission in light of a verdict finding the city guilty of securities fraud.
With passenger levels continuing to exceed expectations, the Greater Orlando Aviation Authority plans to issue $189.4 million of airport revenue bonds for its capital improvement and expansion plans at Orlando International Airport.
James Colby, Senior Municipal Strategist and author of the Muni Nation blog at Van Eck, stopped by The Bond Buyer recently to chat with Senior Markets Reporter Chip Barnett about municipal market performance. He also discussed the stability of munis versus other asset classes, muni bond fund inflows versus money market fund outflows, muni exchange traded funds, and what to expect in the last quarter the year.