Markets

County supervisors gave the treasurer and tax collector 180 days to come back with recommendations for a public finance diversity and inclusion initiative.

The new money piece of the $77 million deal will cover the county's obligations under its lease agreement with the Cleveland's NBA franchise.

Federal Reserve Board Chairman Jerome Powell again pledged the central bank “will act as appropriate to sustain the expansion,” despite “no recent precedents to guide” policy decisions.

The commonwealth intends to refund $630 million in taxable and tax-exempt bonds next week, and issue $600 million tax-exempt new-money on Sept. 5.

Houston issued bonds in the negotiated sector, while Long Beach competitively sold two issues.

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

The state comptroller's office reported receiving 67 bids worth $22.77 billion,

Lord will work on ICE’s fixed income products, including its muni index and yield curve after nine years as global head of corporate, government and muni evaluation at BVAL.

Issuers in the nine-state Far West region sold $34.6 billion of municipal bonds in 2019's first six months.

Two dissents on the vote to cut rates were the first of Chairman Jerome Powell's term.