The Federal Reserve Bank of New York Nowcast GDP projection for the fourth quarter fell to 1.8%, while the first quarter of 2017 GDP prediction is 1.7% growth, the Fed said Friday.
"This week's news had a negative effect on the Nowcast, pushing down the Q4 and Q1 measures by about 0.7 percentage point each," the Fed said in a release.
Rating analysts are tracking the potential departure of the DuPage Water Commission, the largest wholesale customer of Chicago's water enterprise.
The muni selloff is likely to continue if UST yields stay elevated, according to SWBC's Chris Brigati.
"We are going to continue to grow strategically where we feel we can add value to our clients," said Beth Coolidge, Oppenheimer's head of public finance.
Port KC will issue up to $1.49 billion of bonds as a vehicle to offer tax incentives to redevelop Country Club Plaza, a historic open-air shopping district.
Issuance was $59.57 billion in 873 deals, up 14.5% year-over-year from $52.006 billion across 880 transactions.
The Trump administration court filing will give PREPA bondholders an incentive to hold out for a better offer, according to one observer.
