Organization Root Tag

Buyers of municipal bonds had a variety of new issues to choose from on Wednesday as deals from New Jersey, New York, California and Maryland all came to market.

Inflation is expected to grow, but remain below target, and the yield curve may invert in the next year, Federal Reserve Bank of St. Louis President James Bullard said Wednesday.

Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed “extreme volatility,” Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low.

Rosselló says that Rep. Rob Bishop is placing the needs of the bondholders over those of Puerto Rico residents.

Despite municipals being a little sidetracked as Treasuries weakened, traders said there was a more constructive nature overall to the market on Tuesday.

State and local governments in some cases weren’t disclosing terms of direct borrowings, private placements that exposed them to risks different from those related to other types of debt.

A proposed Chicago ordinance would press banks on gun control.

The SEC wants a quick end to its case against former Ramapo, N.Y. town supervisor Christopher St. Lawrence, but St. Lawrence's lawyer wants a federal judge to proceed to trial.

Federal Reserve Bank of San Francisco President John C. Williams has been selected to become president and chief executive officer of the Federal Reserve Bank of New York.

Retail buyers were offered the chance to buy the New Jersey Tobacco Settlement Financing Corp.’s subordinate tobacco settlement bonds.

The federal funds rate is near neutral and the Federal Open Market Committee doesn’t need to raise rates much more, according to Federal Reserve Bank of Minneapolis President Neel Kashkari.

Other Puerto Rico officials joined Gov. Ricardo Rosselló in resisting the board's demands for austerity

Moody's labeled the Illinois high court's refusal to hear an appeal on step raises a "credit negative" for the state.

The budget approved over the weekend fails to address long-term fiscal challenges, according to analysts.

The second-quarter kicked off Monday with a little more optimism among municipal market participants after "one of the worst quarters in a long, long time."

Voters are being asked to abolish the Wisconsin treasurer's office.

The new tax law that terminated advance refundings of bonds after Dec. 31, 2017, does not specify that only "tax exempt" refundings are prohibited.

The municipal bond market is set to see a chunky new issue calendar this week: $7.85 billion.

The competitive issuance will include roughly $35 million of taxable bonds.

Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.