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One week after National Public Finance Guarantee was downgraded two-notches by S&P Global Ratings, the bond insurer laid off 29 employees, slashing all of the new-business team.
July 5
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Top-quality municipal bonds were weaker at mid-session, according to traders who returned to work after the Fourth of July holiday to see a $130.4 million new issue calendar, the smallest of the year.
July 5
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SANTA FE, N.M. — New Mexico appears to have dodged -- at least for now -- an additional downgrade to its bond rating, though a national credit rating agency warned that the state still faces deep-rooted economic challenges.
July 5
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About 4,763,400 online job postings appeared on leading internet job boards in June, a decrease of 45,800 from May, the Conference Board reported Wednesday.
July 5
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The value of new factory orders fell by 0.8% in May, larger than the 0.6% decline expected, data released by the Commerce Department Wednesday morning showed.
July 5
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“New York City purchasing managers indicated they expect to close 2017 with increased business activity,” the Institute for Supply Management-New York’s Report on Business index, released Wednesday, indicated.
July 5
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Municipal bond traders are returning to work after the Fourth of July holiday only to see a $130.4 million new issue calendar, the smallest of the year.
July 5 -
Top-rated municipal bonds finished weaker on Monday in a quiet pre-holiday-shortened trading session.
July 3
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Fitch Ratings said has downgraded the rating on the Puerto Rico Sales Tax Financing Corporation (COFINA) $6.3 billion senior lien sales tax revenue bonds and $8.9 billion first subordinate lien sales tax revenue bonds to D from C.
July 3
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The municipal bond market was quiet on Monday ahead an early close to trading and Tuesday’s full close for the Fourth of July holiday.
July 3
