A quote from Municipal Market Advisors’ Matt Fabian in a story about auction-rate bonds yesterday mischaracterized the parties that historically have bought up bonds to prevent a failed auction. The broker-dealers have played this role in the past by buying bonds in an auction that appears likely either to fail or to reset at unreasonably higher yields.
SWBC's Chris Brigati said he expects munis to continue to outperform Treasuries, unless USTs aggressively sell off.
Squire Patton Boggs alum Sarah Vilms will advocate for large public power providers in D.C. at a time when the demand for electricity is skyrocketing.
The firm violated MSRB Rules G-47 and G-27, FINRA found
Democrats have, at least temporarily, blocked measures that would have led to local sales tax increase referendums.
The Commonwealth Transportation Board in Virginia rolled out a $28.5 billion, six-year transportation infrastructure improvement plan that covers roads, bridges, rail, and more.
The market outlook is mixed, according to Barclays strategists.
