Organization Root Tag

The minutes from the Federal Open Market Committee's June meeting were released on Wednesday and there was much discussion about yield curve control.

Traders and strategists say the dearth of tax-exempt debt and the surge of taxable issuance is keeping the market steady.

Carrión says the biggest problem has been the local government's lack of commitment to structural reforms to benefit the economy.

The House is expected to pass a $1.5 trillion dollar infrastructure package, mostly along party lines, while a bipartisan Senate bill to restore advance refunding may build momentum in that chamber.

While few observers are content with the new balanced budget, many say they can live with it as they look to an uncertain economic future.

Two Federal Reserve presidents said the central bank is committed to fighting racism as an economic issue.

The deficits for the next two fiscal years remain unaddressed.

Municipal bonds were little changed as the first half of a tumultuous year comes to a close.

Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.

New Highways and Transportation Authority plan is more pessimistic about debt-service payment.

Fed Chair Jerome Powell told House Financial Services Committee Chairwoman Maxine Waters that the Fed was looking at ways to adjust the Municipal Liquidity Facility to make some additional issuers eligible.

The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.

New York City's dynamics include closing an estimated $9 billion revenue gap due to COVID-19 and the volatile matter of police funding.

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

With interest rates expected to stay near zero for the foreseeable future, the market expects the Fed to implement yield curve control.

Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back from its deepest contraction in decades.

Municipals finished little changed as a deluge of taxable deals get ready to hit the market.

A steadier market gave Wisconsin the opportunity to move last week on a long-stalled refunding that notably offered a forward delivery piece.

Pending home sales appear to be reversing the coronavirus-related downturn.

A Fed takeover of municipal lending is a weighty policy decision fraught with dangers that should not be inadvertently or capriciously back-doored into existence during a pandemic.