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The muni market finances the "fabric of our nation, and now, because of Citi's exit, the cost of financing for state and local governments is going to go up," a sell-side source said.
December 15 -
After months of speculation, the firm confirmed it would "wind down" its municipal underwriting and market-making activities after a "broad-based review" of its muni business, according to a company memo.
December 14 -
The Federal Open Market Committee's Summary of Economic Projections probably won't offer the 130 basis points of cuts next year that the market expects.
December 12 -
The whistleblower who brought the case, Minnesota-based municipal advisor Johan Rosenberg, will receive $14.4 million under the deal.
October 31 -
The relief means little for traditional municipal issuers but will have an effect on some conduit borrowers and issuers "adjacent" to the municipal market.
October 31 -
States use tax proceeds in a way that appeals to voters because recreational marijuana is often legalized through a referendum process.
October 30 -
Mitigation efforts can't always prevent a ratings drop.
October 12 -
Funds invested into risky private equity and real estate could flow into bonds
October 11 -
Photos from The Bond Buyer's 2023 Infrastructure conference.
October 9 -
The nature of municipal bonds is to help people, says Peter Hayes, "I really like that it's public purpose."
October 6