Chip Barnett is a journalist with almost 50 years of professional experience. He started his career at the Gannett Newspapers in Westchester County, N.Y., working his way up from back-shop compositor to Senior News Editor. Barnett later worked for Thomson Reuters in Manhattan, covering state and local government finance as a Reporter and later Executive Editor for TM3.com and as Editor in Charge of Municipal Finance for Reuters News. Later, he was the Editor of Municipal Finance Today at SourceMedia. Barnett has also worked for DebtWire/Municipals and has written about commercial real estate in South Florida and the Midwest for both The Real Deal and Globe Street. Barnett is currently a Reporter at The Bond Buyer.
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Chicago Mayor Rahm Emanuel brought the case for a budget proposal that hikes property taxes to fund police and firefighter pensions before the municipal bond market on Monday. Speaking in Manhattan to the Municipal Forum of New York, Emanuel said that the only alternative to his budget is to make massive cuts in the citys workforce and services.
September 28 -
Prices of top-quality municipal bonds finished stronger on Monday, according to traders, with yields on some maturities weakening by as much as three basis points. Traders were eyeing the week's hefty new supply, which began coming to market on Monday.
September 28 -
Prices of top-quality municipal bonds were stronger at late morning dealings, according to traders with yields on some maturities weakening by as much as two basis points. Traders were eyeing the weeks hefty new supply, which began coming to market on Monday.
September 28 -
Municipal bond funds reported inflows for the first time in four weeks, according to Lipper data released on Thursday. Weekly reporting funds experienced $231.252 million of inflows in the week ended Sept. 23, after outflows of $411.069 million in the previous week, Lipper reported.
September 24 -
Prices of top-rated municipal bonds were stronger at mid-session, according to traders, with yields on some maturities weakening by as much as four basis points.
September 24 -
Prices of top-rated municipal bonds were stronger in early trading, according to traders, with yields on some maturities weakening by as much as three basis points.
September 24 -
Prices of top-quality municipal bonds were steady at mid-session, traders said, as bond dealings were very slow due to the Jewish high holy day of Yom Kippur.
September 23 -
Wasmer, Schroeder & Co. will be opening an office in New York City next month, the firm announced on Wednesday. Matthew J. Kuss has been named as a Managing Director on the firms relationship management team and he will work out of the new office starting in October.
September 23 -
Municipal bond funds saw outflows for the fourth straight week, according to Lipper data released on Thursday. Weekly reporting funds experienced $411.069 million of outflows in the week ended Sept. 16, after seeing outflows of $95.986 million in the previous week, Lipper reported.
September 17 -
Richard Rick Bellinger died in Suffern, N.Y. on Sept. 10, 2015. He was 65. Bellinger worked at Lehman Brothers for more than 30 years and reached the level of Senior Managing Director at the firm. He was an accomplished municipal bond broker who was well known for his fairness and integrity.
September 15 -
Siebert Brandford Shank continued its hiring spree and announced on Friday that it named Wei-Li Pai as National Head of its Quantitative Solutions Group and Philip Wasserman as a Senior Vice President. Both Pai and Wasserman will work out of Sieberts New York City office.
September 11 -
Municipal bond funds again saw outflows in the latest week, according to Lipper data released on Thursday. Weekly reporting funds experienced $95.986 million of outflows in the week ended Sept. 9, after seeing outflows of $586.481 million in the previous week, Lipper reported.
September 10 -
Fitch Ratings released a draft on Thursday detailing changes to its U.S. tax-supported bond rating criteria. The rating agency said it expects less than 10% of the ratings covered would be affected.
September 10 -
Siebert Brandford Shank has hired Rasheia R. Johnson to head its Philadelphia office. She will hold the title of Senior Vice President.
September 9 -
Prices of top-shelf municipal bonds closed out the week unchanged to stronger, traders said, as the market moved into holiday mode on Friday after the release of the August employment report.
September 4 -
Prices of top-shelf municipal bonds were mixed to stronger at mid-session, according to traders, as the market went into holiday mode after the release of the August employment report.
September 4 -
The municipal bond market was set to move into full holiday mode after the release of the August employment report..
September 4 -
Municipal bond funds saw outflows in the latest week, according to Lipper data released on Thursday. Funds which report weekly saw $586.481 million of outflows in the week ended Sept. 2, after seeing outflows of $344.563 million in the previous week, Lipper reported.
September 3 -
Puerto Rico Electric Power Authority bonds were mostly higher in early trading on Wednesday after it was announced that PREPA had reached a tentative agreement on debt restructuring.
September 2 -
Prices of top-shelf municipal bonds ended steady to stronger on Friday, according to traders, with yields on most maturities unchanged to one basis point weaker.
August 28
