Markets

Brown left city government at the end of Rahm Emanuel's administration.

The authority reports $193 million of present value savings on a $651 million refunding.

Peter Delahunt, manager of municipal trading at Raymond James, says the market is directed by retail demand, the Fed, tweets, tariff discussions and compliance. Transparency has improved and volume will remain relatively flat except for an acceleration in current refunding activity. John Hallacy hosts.

Municipal bond buyers saw some big note and bond deals hit the market on Wednesday, led by issuers in Georgia and Colorado.

The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.

Veteran-owned Academy Securities has hired Chicago-based public finance banker James Carter

A judge ruled the Miami-Dade County Expressway Authority can still write checks even though it was abolished in a bill signed July 3 by Gov. Ron DeSantis.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

Federal Reserve Board Chair Jerome Powell added little to his recent Congressional testimony, so despite strong retail sales data, it appears the Fed will cut rates later this month.

The muni market started the week hitting the ground running as the second biggest deal of the week priced along with a few others on what was a active Tuesday.