Organization Root Tag

Uncertainty affected school and university budget planning in Massachusetts and Rhode Island.

Costly mandates and aging infrastructure are among the challenges S&P cited.

Top-quality municipal bonds were stronger at mid-session, traders said, as more deals came to market.

The Federal Reserve’s balance sheet will be reduced substantially, but not to the $1 billion level from before the financial crisis, Federal Reserve Board Chair Janet Yellen said.

Municipal bond traders are set to see more deals head their way on Thursday as the market will see the last big sales of the week hit the screens.

The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.

The MSRB said it may add to its guidance in the future and will hold a seminar with dealers.

Top-rated municipal bonds finished stronger on Wednesday as a large deal from a New York and New Jersey issuer hit the screens while a deal from a Chicago issuer was postponed until next week.

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

The organizational session set the stage to address disputes in a restructuring of $47.5 billion of Puerto Rico’s debt.

SEC chair Jay Clayton wants to ensure the fixed income market is efficient and transparent.

The California cap-and-trade program generates funds for infrastructure programs.

S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

Unwinding the Federal Reserve’s balance sheet should start “sooner rather than later,” Federal Reserve Bank of Kansas City President Esther George said Wednesday.

All 12 Federal Reserve Districts saw economic growth in June, the Beige Book, released Wednesday indicated.

Top-rated municipal bonds were stronger at mid-session, according to traders, who were seeing another wave of supply hit the market.

Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”

Labor market “activity decreased and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) dropped to 0.33 in June from 0.50 in May, according to the Bank.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.