Organization Root Tag

Municipals spent Thursday following the rally in Treasuries, with new issues dominating the focus.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

“The channel doesn’t matter in terms of responsibility for the information,” said SEC Chairman Jay Clayton.

Fed Chair Jerome Powell doesn't see signs of recession in “the star economy,” while the St. Louis Fed's Bullard warns of a sharper-than-expected slowdown.

Clayton described the Secured Overnight Financing Rate known as SOFR, as “a good risk free benchmark.”

Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

David Hammer, vice president and head of municipal bond portfolio management at PIMCO, discusses munis' historic year in terms of performance and inflows and breaks down what makes muni so attractive. This podcast, recorded in September, is hosted by Aaron Weitzman.

The Chicago Civic Federation supports the proposed budget despite worries

The municipal market was hit with a ton and a half of new issuance with bond hungry investors waiting with open arms and cash in hand.

Cross, who served as associate tax legislative counsel at the Office of Tax Policy until Friday, said that he resigned in order to be closer to family.

Five Republican representatives asked three Democrats to withdraw their legal brief opposing the agreement.

The most telling part of Fed Chair Jerome Powell's appearance before the Joint Economic Committee was when he refused to commit to the fed funds rate staying where it is for the next year.

If the proposal is approved, the timing of issuers' annual financial disclosures would be prominently displayed as soon as the beginning of 2020.

Major banks accused of manipulating the variable-rate market are seeking to get the court to toss out the second amended whistleblower complaint filed by municipal advisor Johan Rosenberg.

The state sells $268 million of GOs competitively this week while officials weigh refunding opportunities.

NDH founder Scott Haber told Louisiana officials that state tax credits can provide seed funding for public-private partnership projects.

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

Economic Club of New York attendees questioned the president's claims of an economic boom as well his efforts to spur the Federal Reserve into cutting interest rates faster.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

James Johnson, who steered New Jersey's oversight of Atlantic City, is now corporation counsel for New York City.