Special Program Root Tag

The recent bank failures have changed market thinking about the Federal Reserve's next move.

The Federal Reserve's top regulator will examine what steps the central bank took to mitigate risks at the bank before its failure last week.

Even more uncertainty has been introduced into the municipal bond market as the Federal Reserve may have to tweak its monetary policy plans as the situation unfolds.

Triple-A benchmarks have fallen five to 10 basis points, depending on the scale.

President Joe Biden said that deposits at U.S. banks are safe following swift action from his administration's bank regulators.

The Treasury Department issued a "systemic risk exception" allowing it to cover uninsured deposits at SVB and Signature Bank, which New York State closed on Sunday.

Shares in Silicon Valley Bank's parent company plunged 60% after executives announced they would sell a large bond portfolio at a big loss. The market "seems to be pricing in greater liquidity needs" than the bank currently anticipates, one analyst said.

Ellis Phifer, managing director and senior strategist in the fixed income research department at Raymond James, talks with Chip Barnett about the state of the bond markets. (Taped Feb. 16; 15 minutes)

Gov. Ron DeSantis on Monday signed the bill to rename the Reedy Creek Improvement District and end Disney's self-governance. Separately, the Legislature will look at prohibiting the issuance of environmental, social and governance bonds and using associated ratings.

State and local governments across the country are making increased efforts to put money forward for the purpose of reparations.

A bill introduced by Sen. Dave Min would prohibit banks that invest in gunmaking from working on any aspect of state public finances, including bond sales.

The markets are looking for a Fed pivot, but central bankers continue to say more hikes are coming and rates will stay higher longer. OANDA's Ed Moya joins us after the meeting to give a comprehensive look at what the Fed signals for the future.

O'Connor was nominated by Treasurer Fiona Ma for her work on a trust fund program for foster kids and another that finances green P3s.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

Michael Ballinger, Publisher, The Bond Buyer; Kevin Murphy, Partner, Hawkins Delafield & Wood LLP; Tim Sullivan, Managing Director, UBS Financial Services Inc

Treasurer Goldberg will be introduced by Tim Sullivan, Managing Director, Head of New England Region and Housing Finance at UBS Wealth Management Americas.

Join our panel of top industry leaders as they discuss their expectations on regulatory developments, market performance, bond issuances, credit conditions, and potential challenges and opportunities for the year ahead.

The discussion will center around the current credit conditions and what challenges and expectations are for 2023.

Topics will include: market conditions and expectations, issuance projections, evolving investor base, credit conditions, growing focus on ESG factors and more.

Jonathan Ballan, Partner, Harris Beach PLLC; Elizabeth Fine, Counsel to the Governor, New York State Executive Chamber; RuthAnne Visnauskas, Commissioner and CEO, New York State Homes and Community Renewal