The new class of Rising Stars will be honored at an awards dinner at the close of The Bond Buyer's
The end of September, which is also the end of the fiscal quarter, is a historically volatile time, according to James Pruskowski, managing director at Hennion & Walsh. That volatility, driven by shoring up unsettled positions and balance sheets, is exacerbating yields' upward climb in both munis and Treasuries.
Illinois lawmakers are hammering out legislation to raise cybersecurity protections for local water utilities, a timely effort after cyberattacks this summer.
In the new role, one of Doryan Carlton's responsibilities will be overseeing the state's bond issuances. She replaces Bill Poole.
Debt service is protected but limiting revenue can pressure an issuer's operating budget, Nuveen said.
The current environment for state and local public finance is examined with special attention paid to the healthcare and higher education sectors.
The surge in yields has "crushed" bond prices and driven total returns well into negative territory, said CreditSights strategists.
