The Chicago Purchasing Managers reported the Chicago Business Barometer points to 57.9 in August. The prices paid index continued above 80 for the seventh month this year while declining from the strong July figure. Employment decline accelerated as hiring shrank, and the production index jumped 14 points. Lead-times for capital equipment dropped by 12 days.
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The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
18m ago -
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
2h ago -
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
2h ago -
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
3h ago -
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
4h ago -
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
April 25