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The rating agency cited concerns about limited unrestricted reserves for lowering its rating outlook for more than $1 billion of debt.
May 27
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Mayor Mike Johnston, who announced furloughs and a hiring freeze, said an economic downturn spurred by President Donald Trump is major challenge for the city.
May 27
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Maryland is preparing for upcoming bond sales as the state treasurer responds to a Moody's downgrade by suggesting the state part ways with the rating agency.
May 27
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Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.
May 27
Kalotay Advisors LLC -
Facing big demand for housing, the state's efforts to spur development have spurred litigation by cities challenging recent laws and a compliance crackdown.
May 27
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The department shifted funds that would have been invested in solar power to improve the island's electrical system.
May 22
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"We're seeing some of the additional instability and other things come into play," said Dan Genter, CEO of Genter Capital Management.
May 22
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The Internal Revenue Service is requesting documents from the Erie City Water Authority regarding a $36,320,000 issuance of Water Revenue Bonds Series D of 2019.
May 22
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The revenue bonds, which would help finance a bigger convention center to replace the city's current facility, would be issued in the first half of 2026.
May 22
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Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels.
May 22
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The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.
May 22
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Municipal bond insurers wrapped $7.316 billion in the first quarter of 2025, a 2.6% increase from the $7.132 billion insured in the first quarter of 2024, according to LSEG data.
May 22
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The state supreme court agreed to review the ruling in favor of a group of Wall Street banks that whistleblower Edelweiss said cost the state at least $100 million.
May 22
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Gov. Ron DeSantis wants property tax cuts and House Speaker Daniel Perez wants a sales tax cut as future state deficits are projected.
May 22
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As private credit tops $1 trillion, Fed researchers warn bank exposure to the sector could spark systemic risk if defaults spike.
May 21
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Moody's based this downgrade on the lowering of the rating of the United States government.
May 21
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"Light demand" for Wednesday's 20-year Treasury bond auction "propelled yields to the nosebleeds and equities to the basement," said José Torres, senior economist at Interactive Brokers.
May 21
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The fine for violating MSRB rules was imposed as part of a wider FINRA disciplinary action that saw brokerage firm Calton & Associates fined a total of $75,000.
May 21
