Subject Root Tag

Kyle Hemminger joined Cain Brothers this month in Columbus, Ohio.

The board will say it has treated the creditors fairly, it meets the 'best interest' test for debtors, and its plan preempts dozens of local laws.

Daily report for August 06, 2021

Secondary trading petered off into Thursday afternoon, holding triple-A benchmarks steady as most participants await Friday's nonfarm payrolls.

Economic growth after the pandemic and maintaining structural balance and reserves will influence whether Fitch ultimately lifts the state to AAA from AA-plus.

BlackRock and Wells Fargo are pushing their return-to-office plans back by a month into early October.

The firm has brought on Kalotay Analytics' quantitative libraries to calculate certain metrics, including average life dates and cash-flow yields for taxable term bonds.

Wisconsin's two-year budget was enacted despite the division between Democratic Gov. Tony Evers and Republicans who control the legislature.

A project that dealt municipal bond investors one of the biggest high-yield defaults of the past decade is about to ask them for more cash

The N.C. Local Government Commission approved Wake County's request to finance almost $600 million for school and community college projects and the state’s plan to issue $300 million of GARVEEs for DOT work.

The city has issued a second set of bonds to fund 266 housing units that are the first of some 8,000 planned on adjoining islands in the San Francisco Bay.

Better funding levels prompted S&P Global Ratings to revise the outlook on the state's BBB-plus GO bond rating to positive from stable.

The short end of the market has little room to fall lower.

Daily report for August 05, 2021

COMMENCEMENT OF CHAPTER 9 CASE. On May 24, 2021, Western Community Energy (“WCE”) commenced a case under chapter 9 of title 11 of the United States Code (“Bankruptcy Code”) in the United States Bankruptcy Court for the Central District of California, Riverside Division (“Court”). The chapter 9 case is pending before the Honorable Scott H. Yun, United States Bankruptcy Judge. All documents filed with the Court are available for inspection via the PACER system, which may be accessed on a subscription basis at the following internet address: https://pacer.uscourts.gov/.

Sen. Patrick Toomey, the ranking Republican on the Banking Committee, has argued that research by the Federal Reserve into these topics could result in “mission creep.” Fed officials have said their job includes fostering inclusive economic growth and ensuring the banking system is girded against financial risks posed by climate change.

Judge Swain also allowed Debt Recovery Authority bondholders efforts to protect their collateral to continue.

With all eyes on Friday’s employment report, since several additional strong months of gains are needed for the Federal Reserve to be comfortable announcing a tapering of its asset purchases, Wednesday’s news could signal trouble.

Treasury Secretary Janet Yellen said that by the end of this year, monthly price changes will be running at a level consistent with the Federal Reserve’s target, even if year-over-year numbers continue to show uncomfortably high inflation.

Mayor Mike Duggan dodged what he considered a $2 billion fiscal bullet in the form of charter revisions as he heads to a November run-off seeking a third term