Leaders of the House Natural Resources Committee and Rep. Pedro Pierluisi on Tuesday night urged their colleagues to approve a bill to help debt-ridden Puerto Rico, even though they may not support certain provisions or worry the measure does not go far enough.
Are you looking for ways to elevate your market knowledge and career? Find out how becoming a Certified Fixed Income Practitioner will help accomplish your personal and organizational goals. Taught by leading industry experts and conveniently delivered online via an interactive learning platform, Bond School is designed to help you build the foundational knowledge needed to effectively navigate the complex and ever changing financial markets.
See how the CFIP program has helped your colleagues across the country.
In a city government close to collapse, Opa-locka's top financial officer broke ranks and warned her supervisors the city will run out of money after its payroll next week and that its recovery plans will not be enough to save Opa-locka from insolvency.
Municipal market participants are urging the Treasury Department and Internal Revenue Service to withdraw their proposed rules on political subdivisions, claiming they are unnecessary, possibly illegal, and would disrupt the municipal bond market.
The Internal Revenue Service has closed two audits with no change to the tax-exempt status of $117.73 million of utility revenue bonds issued by the Village Center Community Development District in 1998 and 2003, but retired in 2014.
Miami’s “dramatically improving and diverse economy” was a driving force that led Moody's Investors Service to upgrade the city’s general obligation bonds to Aa3 from A1, despite pending SEC and pension suits.
VENICE -- Plans to put an $18 million bond issue on the November ballot to pay for roads and sidewalk improvements was approved by the City Council Tuesday, while a proposed $25 million bond for a new public safety complex was postponed to see if the costs could be trimmed.
Broward County schools used data that School Board members are calling flawed to estimate the cost of construction projects in its $800 million bond program in 2014, and it could force a shake-up over which schools get the most money.
Daniel Berger, Senior Market Strategist at Municipal Market Data, talks about the recent rally in municipal bonds which has brought long-term yields down to record lows. He talks about continuing demand from retail investors in light of the upcoming Summer redemption season and he discusses the allure that the American tax-exempt market has for overseas buyers. He outlines the recent spread compression in quality credits and also looks at some of the market's outliers -- Puerto Rico and Chicago.