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With the reset in yields in the rear view, valuations — especially relative to Treasury — will likely support continued robust demand.

Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

The broker-dealer found a way to give clients a virtual pat on the back while donating money to hunger relief efforts.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

Limited-size audiences are returning to live events in New York. Shutdowns from the coronavirus have hit the sports, arts and entertainment industries hard.

Jacqueline Dunn had held the interim position since last September.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

A new GFOA advisory said the International Swaps and Derivatives Association has developed “more robust fallback language to specify the rate to be used upon a Libor cessation.”