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Sixteen investment funds are making an argument on Employees Retirement System bonds that could be widened to other Puerto Rico bonds.
February 2
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The dealer group is concerned the SEC may provide another exemption for municipal advisors to work on private placement deals.
February 2
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Maria Doulis, named deputy comptroller, was vice president at the watchdog Citizens Budget Commission while Todd Scheuermann, assistant comptroller in the Division of Budget and Policy Analysis, had been secretary to Senate finance committee.
February 2
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A federal watchdog is looking into former Treasury Secretary Steven Mnuchin’s decision to roll back the U.S. Federal Reserve’s emergency lending programs at the end of 2020, an issue that has become a point of partisan tension in Congress.
February 2
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Fitch says Biden administration comments that it expects to maintain higher levels of Medicaid matching dollars through 2021 will help states.
February 2
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A Pioneer Institute report cited “a persistent trend” of high-income earners leaving high-tax states for low-tax ones.
February 2
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Lee Igel of New York University's Tisch Institute for Global Sport explores what's behind the mad scramble among states to legalize sports betting. Paul Burton hosts. (15 minutes)
February 2
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High-yield continues to be sought after as high-grade paper is yielding about 0.70% in 10 years and 1.40% or lower in 30 years and credit spreads continue to tighten in nearly every sector. Ratios are near 20-year record lows.
February 1
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Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday became the latest central bank official to push back against the idea that the trading frenzy in GameStop Corp. and other hot stocks calls for a monetary policy response.
February 1
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The board aims to improve transportation resources on the island.
February 1
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The U.S. central bank should not prematurely withdraw pandemic support for the U.S. economy just because some people are getting rich in the stock market, said San Francisco Federal Reserve Bank President Mary Daly.
February 1
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It is most certainly an issuers' market as rates are low, credit spreads continue to tighten, money pours into municipal bond mutual funds at record levels and a net negative supply of more than $11 billion.
January 29
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The policy-setting Federal Open Market Committee repeated earlier this week that it would continue to make asset purchases of at least $120 billion every month until “substantial further progress” had been made toward its employment and inflation goals.
January 29
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The junk-rated district that is managing the COVID-19 pandemic's fiscal impact with the help of federal relief trimmed spread penalties as investors were drawn to the extra yield offered for the junk paper.
January 29
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The reduction would be the largest the MSRB has done, substantially more than a previous one which caused a loss of $5.2 million.
January 29
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Five of the law firm's nine new partners are attorneys of color or women.
January 29
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Chicago Board of Education bonds were repriced to lower yields by as much as 37 basis points, showing just how far investors will go for any incremental yield.
January 28
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Over half of the $4.3 billion rise in the $96.6 billion budget proposal is related to costs associated with the COVID-19 pandemic.
January 28
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Rising state-supported debt and sidestepping best practices alarm the comptroller.
January 28
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State tax collections are faring better than predicted early in the COVID-19 pandemic but uncertainties abound, says a University of Illinois task force fiscal report.
January 27
