Earlier, an article appeared on The Bond Buyer website stating that Moody's late Tuesday had, for the second time this month, issued an across-the-board one-notch downgrade to California redevelopment bonds. This was incorrect: Moody's did not downgrade California redevelopment bonds Tuesday. The error stemmed from a mistake in a Moody's news release.
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"We remain cautious with respect to duration given the uncertain macro and geopolitical environment though optically, yields seem attractive in the current range," said Wells Fargo's Vikram Rai.
2h ago -
New York Fed President John Williams said the Fed "will cut rates eventually" during a fireside chat at Milken Institute's Global conference on Monday.
2h ago -
There is a town hall scheduled for Monday, according to a source.
3h ago -
This week's deal will fund accelerated pension payments and Rebuild Illinois expenditures. A $250 million piece will be taxable.
8h ago -
Josh Shapiro proposed $500 million of bonds for site development in his executive budget. But site development has its risks, and the returns may take time.
10h ago -
In the wake of Citi's and UBS's exit from the municipal industry, other firms are seizing the opportunity to expand with new hires.
May 6