Subject Root Tag

Daily report for July 01, 2021.

Board says all the objections to disclosure statements are without legal merit or should be addressed at the plan of adjustment confirmation.

Gilt-edged munis fell as much as two basis points Wednesday as the month ended and the first half stats were put into the record books.

The Federal Reserve’s tapering of its asset purchases, which he hopes will start “soon,” will run smoother this time around because investors already know that a move is being discussed, said Federal Reserve Bank of Dallas President Robert Kaplan.

Locke Lord's Texas public finance team continues to expand with the addition of Arnold Cantu from Norton Rose Fulbright.

The team from Bank of New York Mellon will notably expand Ice Miller's arbitrage rebate compliance practice as a component of its public finance services.

The Board of Elections acknowledged a major error in Tuesday's update. Outgoing Mayor Bill de Blasio and the City Council, meanwhile, are finalizing a $98.7 billion FY22 budget.

While June was lower than 2020 in par, pandemic-related factors skewed last year's issuance totals, making the $42 billion issued this month high on a historical basis. Outside factors, such as federal aid and potential infrastructure plans, may affect issuance going forward.

The U.S. Army Corps of Engineers and Miami-Dade are working on plans to protect against rising seas and violent storms, but will it be enough?

The Metropolitan Pier and Exposition Authority will scoop-and-toss fiscal 2022 debt service and current refund debt for savings as it looks to salve the lingering wounds inflicted by the pandemic.

Edward Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle, will discuss the economy, inflation and the Federal Reserve.

Federal Reserve Gov. Christopher Waller said the better-than-expected performance of the U.S. economy warrants scaling back asset purchases sooner than expected and he favors starting with mortgage-backed securities.

Daily report for June 30, 2021.

After more than a decade of ratings deterioration, the lowest-rated state won an upgrade Tuesday, taking its Moody's rating to Baa2.

A majority of the week's largest new issues priced at yields mostly at or around benchmarks as secondary trading did little to move scales. In economic data released Tuesday, the June consumer confidence index climbed, suggesting spending will rebound.

The amended budget bill approved by lawmakers Monday remains opaque on high-speed rail and broad band.

The board said the measures passed by both the Puerto Rico House and Senate would harm the economy.

The city's fiscal health is holding steady but pension funding strains and possible charter changes pose future threats.

Current rules require disclosures to customers who probably do not need them, industry lobbying groups argue.

A $3.7 billion transfer from the general fund would cover $2.5 billion for retiring and defeasing state debt, and $1.2 billion to backstop capital construction projects.