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Federal Reserve officials surprised some onlookers by unveiling a rough plan for balance sheet runoff in the minutes for their May meeting. They were so on top of things, in fact, that many economists think more formal guidelines could come as early as this week.
June 12
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Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.
June 12
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Top-rated municipal bonds were weaker at midday as traders eagerly await the new issue slate to start rolling in.
June 12
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Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.
June 12
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Inflation expectations fell and consumers expect to spend less, according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
June 12
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Municipal market participants are eagerly awaiting the new issue slate to start rolling, as issuance is expected to be around the weekly average.
June 12 -
The SEC under chair Jay Clayton will operate with two co-directors of enforcement, Stephanie Avakian and Steven Peikin, and at least one of them has experience with the municipal bond market.
June 9
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The New York City Transitional Finance Authority plans to sell about $850 million of tax-exempt fixed rate bonds on Wednesday, June 21, after a two-day retail order period.
June 9
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Puerto Rico’s government and Oversight Board have declined to say what debt service bondholders should expect in the coming fiscal year despite repeated inquiries.
June 9
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Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.
June 9
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Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.
June 9
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Top shelf municipal bonds were weaker at mid-session,, according to traders, who were making preparations to tackle next week's calendar. Ipreo estimates next week's volume at $6.01 billion, consisting of $4.94 billion of negotiated deals and $1.08 billion of competitive sales.
June 9 -
Puerto Rico will hold a plebiscite on its political status Sunday, even though the U.S. Justice Department hasn't approved the wording of the measure.
June 9
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Municipal bond traders are taking a breather on Friday after a heavy slate of new issues priced this week. Traders will be eyeing market volatility which saw yields see-sawing back and forth.
June 9
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Dallas and Houston are on the right path to fixing their troubled pensions, according to Moody's.
June 8
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The Financial CHOICE Act, which the House passed Thursday, would have some direct effects on munis.
June 8
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California Gov. Jerry Brown's plan to use a short-term state investment account to fund CalPERS faces some skeptics.
June 8
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Former broker Deborah Kelley will pay $188,000 as part of her sentence after pleading guilty to taking part in a pay-to-play scheme involving New York pension fund business.
June 8
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A judge's ruling put more pressure on Illinois by supporting Medicaid providers.
June 8
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The University of Illinois and Illinois State University were downgraded by S&P Global Ratings.
June 7
