| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Initial Jobless Claims | Jan. 26: 371,000 | Feb. 2: 360,000 | Feb. 2: 366,000 |
| Continuing Claims | Jan. 19: 3.216M | Jan. 26: 3.190M | Jan. 26: 3.224M |
| Productivity | Q3: +3.2% | Q4: -1.2% | Q4: -2.0% |
| Unit Labor Costs | Q3: -2.3% | Q4: +2.9% | Q4: +4.5% |
| Consumer Credit | Nov.: +$15.9B | Dec.: +$12.8B | Dec.: +$14.6B |
Some states and local governments "went on spending sprees" with pandemic funds and "got ratings upgrades that didn't have a lot to do with fiscal management," said an investor.
"Everyone that is in this industry relies on our technology," CEO Mark Kim said Thursday at a BDA conference in Chicago.
San Juan Unified says it has saved $636 million on debt service over the years by keeping down maturities at the long end of GO bond issues.
With front-end rates off so much Thursday morning, "liquidity providers backed off noticeably in the morning in terms of bid with offers slow to follow," said Matt Smith, founder and CEO of Spline Data, noting it was likely a response to elevated bids wanted counts, along with rates.
The MINT Act, which would enable Federal Home Loan Bank members to issue tax exempt bonds is working its way through committees in both House and Senate.
A Fitch rating analyst pointed to the school system's elevated long-term liability burden that could be exacerbated by future voter-approved bonds.
