The Securities Industry and Financial Markets Association recommends muni and other fixed income markets open on Wednesday, October 31, after being shut down for a day and a half because of the devastating effects of Hurricane Sandy. SIFMA made the recommendation Tuesday. The group, which recommended an early market close Monday and a full close Tuesday, rarely makes such recommendations. It called for an early close for a hurricane in 1996 and the market was closed for three days for the 9/11 terrorist attacks. SIFMA’s recommendations are not binding on firms. The group said each of its member firms should decide for themselves whether their fixed-income departments remain open for trading. The group said all of its recommendations are subject to change due to market conditions.
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Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said José Torres, senior economist at Interactive Brokers.
10h ago -
The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.
11h ago -
Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.
July 7 -
JP Zaptin has joined Baird where he will establish a municipal trading desk
July 7 -
Moody's expects enplanements at the facility will remain below the low end of its former projections.
July 7 -
New Hampshire Supreme Court found that the state doesn't spend enough on education, but upheld the education property tax system.
July 7