Despite the market's now-evident willingness to embrace new technology,
"It's difficult for munis to be looked at as governments or stocks,
"If issuers were able to issue bonds on a bullet maturity basis all the
Although Bell doubts the structure of the market will change overnight,
"It's the wave of the future. It makes the playing field a little more
Aside from leveling the field, the Internet has effectively shrunk the
The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
Municipal yields fell four to seven basis points, depending on the curve, while UST yields rallied nine to 30 basis points, with the largest gains on the front end.
Legislation that would put a tighter limit on property tax increases for larger cities and counties advanced out of a Senate committee on Friday.
Moody's cited continued liquidity improvements in the ratings lift for the northern California clean energy aggregator.
The federal government didn't have enough influence in the resulting haircuts to the COFINA bondholders for it to be liable for their losses, the court said.
This is the fourth consecutive month where issuance has topped $50 billion.
