Markets

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

Municipal investors can expect just shy of $10 billion of new issues from which to choose the first full week of October and the fourth quarter, led by a $1.5 billion taxable general obligation bond offering from New York City. Connecticut is bringing $935 million of general obligation bonds.

Enright's passion for infrastructure and complicated deals led him to the cutting edge of municipal financing strategies.

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

Municipal bond mutual funds saw inflows of $1.879 billion in the latest week, marking the 14th consecutive week of inflows and the highest level of 2024, per LSEG data, reiterating the strong investor support for this market.

This surge in demand "is no coincidence — it's the result of weeks of relentless inflows, further amplified by the Federal Reserve's recent rate cut," said 16Rock Asset Management CIO James Pruskowski.

The biggest theme within the muni market — and what is responsible for its performance — is the amount of cash on the sidelines, with $6-plus trillion in money market funds and close to $2.5 trillion in certificates of deposits, said Julio Bonilla, a fixed-income portfolio manager at Schroders.

Speakers at the LGBTQ+ History Month mixer pushed back against attacks on diversity.

Through the integration, Investortool's clients can calculate analytics based on predictive trade levels, filter the live market based on "what's rich or what's cheap" compared to the predictive price and power automation, said James Morris, senior vice president at Investortools.

As managing director at Crews & Associates, Susan Reed aims to bring creative ideas and a deep well of experience to bear on challenges facing Indiana issuers.