A front-page story yesterday incorrectly characterized securities issued by the Oklahoma Capitol Improvement Authority that the state is attempting to purchase from remarketing agents. The debt in question is multi-modal variable-rate bonds that re-set daily.
This strength comes after another "challenging week" for the muni market, which continued to deal with ongoing macroeconomic uncertainty and somewhat heavy supply, said Daryl Clements, a muni portfolio manager at AllianceBernstein.
Bernardi Securities founder Edward Bernardi passed away peacefully on March 21 in his Lake Forest, Illinois, home. He was 95.
S&P cited the system's structural challenges, physical risk exposure and uncertainty about the system's overall financial and operational trajectory.
Children's hospital achieves moderate to low-risk yield on junk-rated bonds boosted by insurer.
Triple-A Harvard's latest deal provides, through its offering documents, a snapshot of the state of the Trump administration's campaign against the school.
Rep. Sam Graves, House Transportation and Infrastructure Committee Chairman and supporter of tax-exempt munis announced he will join several other Republican Congressmen by not seeking reelection in November.
