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Changes in tax rates made mutual funds, not banks, the main driver of demand on the long end. The change has had the effect of pushing yields on long-term munis higher.
October 3
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About $125 million of the new money bonds are fixed-rate, $50 million will be floating-rate notes, and $75 million are variable-rate demand bonds.
October 3
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The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace.
October 3
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Municipal bond buyers saw more volume hit the screens on Wednesday as the big New Jersey deal came to market.
October 3
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Opponents say passage of Amendment 5 in November would threaten Florida’s ability to fund state priorities and its triple-A ratings.
October 3
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Municipal bond market participants offered their views on how California will confront housing, education and transportation challenges.
October 3
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Federal Reserve Bank of Philadelphia President Patrick Harker wants the central bank to take its time in hiking to avoid inverting the yield curve.
October 3
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The U.S. services sector expanded at a faster pace in September as the non-manufacturing index rose to 61.6 from 58.5 in August.
October 3
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Private-sector employment increased by 230,000 in September, on a seasonally adjusted basis, ADP estimated Wednesday.
October 3
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Chicago Fed President Charles Evans says he’s “quite comfortable” with the prospect of another interest-rate hike in December.
October 3
