| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Initial Jobless Claims | 4/9: 253,000 | 4/16: 263,000 | 4/16: 247,000 |
| Continuing Claims | 4/2: 2.171M | 4/9: n/a | 4/9: 2.137M |
| Philly Fed Manufacturing | March: 12.4 | April: 7.0 | April: -1.6 |
| Leading Indicators | Feb.: +0.1% | March: +0.3% | March: +0.2% |
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.
For a change, Alabama's big supply is not a prepay deal but financing for a bridge in Mobile, CreditSights strategists said.
