Northeast

The pandemic exposed weaknesses in the old ways of doing things, he said during a virtual Citizens Budget Commission awards presentation in New York.

While move-outs still outpace move-ins, the rate at which people are leaving has slowed and returned to near pre-pandemic patterns. A return by workers to offices is also rising, but occupancy in the city remains lower than almost all major metropolitan areas in the U.S. except for San Jose and San Francisco in California.

ICI reported $704 million of inflows, a $1.1 billion drop from the week prior, bringing the total to $76 billion year to date.

The firm’s distribution capabilities across major and mid-size institutional accounts, professionally managed retail accounts, and high net worth individual accounts is a throwback to founder Archibald Bullock Roosevelt’s vision.

Connecticut and New York are the first state and city, respectively, to implement such savings programs.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Ratios have moved into a higher, more favorable range, especially in the belly of the curve. The municipal calendar is building, led by taxables and refundings, after they dropped significantly in September.

The Allegheny County Airport Authority sold $832.7 million of bonds to cover two-thirds of the construction costs in the latest example of the region's modernization.

The state-supported issuance marks the initial debt offering to backstop a $523 milion initiative.

With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.