The Federal Reserve said yesterday it set a 0.25% minimum bid on its $75 billion 28-day term auction facility credit. The credit matures Oct. 22.
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Massachusetts voters may cap its revenue in November. The commonwealth's strong financial position is likely to insulate bondholders from any resulting turmoil.
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The city remains triple-A across the board despite's S&P's negative outlook as it prepares to sell $269 million of general obligation bonds.
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August may have one of the highest tax-exempt volume totals on record, according to J.P. Morgan analysts — don't expect it to let up.
August 21 -
The announcement — which affects the 10- to 30-year part of the curve — sent longer-term UST yields falling up to 10 basis points on Wednesday.
August 21 -
Brightline West bondholders agreed to give Brightline more time to secure a $400 million equity contribution that was originally due on March 31.
August 21 -
Law firms, think tanks and advocacy groups are digesting the ROAD to Housing bill and offering strategies to municipalities about how to maximize the public finance benefits.
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