Markets

If all goes to plan, officials say the deal would prevent the islands' pension system from running out of money.

Like peers with big endowments and strong student demand, the private university in Chicago has managed through the pandemic with its ratings intact.

Market volatility has led to munis seeing the worst performance to start the year since 2018 and the biggest monthly losses since March 2020.

Loop acquired an investment advisory firm from BMO.

January issuance declined by 14.7% year-over-year amid a rising-rate and volatile environment.

Short-end muni yields have risen more than 30 basis points on some triple-A scales over the past five trading sessions.

Returns are deep in the red with the Bloomberg Municipal Index at negative 1.85%, while high-yield sits at negative 1.81%.

The statement offered no surprises, but Fed Chair jerome Powell's refusal to denounce more hawkish scenarios hurt market sentiment.

Mark Miller will replace a retiring Jeff Freese at the helm of the KeyBanc's central team while Cain bolstered its healthcare team with Chris Whitley.

Triple-A benchmarks were cut two to six basis points across the curve with the largest moves concentrated again on bonds inside 10 years, underperforming Treasuries once again.