The European Central Bank announced its Governing Council cut interest rates 5 basis points on its main refinancing rate at its latest monetary policy meeting Thursday.
The minimum bid rate on variable-rate refinancing operations was dropped to zero from 0.05%, the marginal lending rate was cut to 0.25% from 0.30% and the deposit rate, the floor for euro money market rates, was lowered to negative 0.40% from negative 0.20%.
Oregon Gov. Tina Kotek canceled plans for a Salem data center in July. Her new edict goes further.
This week's new-issue calendar is sizable, NewSquare Capital's Kim Olsan said, given fairly light September redemptions. Around a third of the $15 billion calendar is tied up in deals from New York City and Alabama.
The incoming Bond Buyer Hall of Famer helped build Citi into a dominant municipal underwriting franchise by making complex finance understandable, actionable and useful to issuers.
A proposal for raising tax revenue includes eliminating the tax exemption for municipal bonds, a fundamental part of the muni market.
The system's board of regents authorized the issuance of triple-A-rated Permanent University Fund and revenue financing system bonds during fiscal 2027.
Academy Securities has big visions and a fresh commitment to its municipal finance practice.
