Wednesday's front-page story "Insurance Woes Persist" misidentified the amount of new issuance since July 21, when Moody's Investors Service placed two major bond insurers on review for downgrade. A total of $42.7 billion had been issued since the announcement, compared to $247.5 billion for the year to date through July 21.
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The "historical runway" heading into Memorial Day is favorable, rolling into the summer redemption months of June through August, said James Pruskowski, chief investment officer at 16Rock Asset Management.
May 2 -
The Build America Bureau has $100 million in grants available over the next five years for public entities doing pre-development work to structure public private partnerships for transportation and transit-oriented development projects.
May 2 -
The loan, which features a 2.5% interest rate, will finance nearly half of a community building in downtown Mount Vernon, Washington.
May 2 -
An amended bill that would clear the way for the Colorado Educational and Cultural Facilities Authority to issue bonds for its purchase of the Stanley Hotel, which inspired Stephen King's The Shining, advanced out of a Senate committee.
May 2 -
Proposed rulemaking on the FDTA is expected in June, but clarity on what exactly it means for the muni market is years down the line.
May 2