Legal
Senate Foreign Relations Committee Holds Confirmation Hearing For Elise Stefanik

"The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.

Community Standouts
Anatomy of a Deal
BB-021318-COMM
MuniThink

The final bill had several elements which will impact the municipal markets, and could potentially result in significant structural changes.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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