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Daily report for August 29, 2022

Investors will be greeted Monday with decreased supply with the new-issue calendar estimated at $5.882 billion, down from total sales of $6.134 billion in the week of Aug. 22.

UBS was the only municipal bond underwriter included on the Texas comptroller's list of 10 financial companies determined to be boycotting energy businesses.

The congestion pricing plan that puts tolls on vehicle traffic coming into lower Manhattan still faces many hurdles before it would take effect.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

Cervantes, who joined the board as a member earlier this year, retired from Stifel in October 2020.

The state's Board of Public Works could vote on the 50-year concession this fall as Gov. Larry Hogan aims to button up the project before he exits office in January.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposed changes to Rule G-34 on CUSIP applications, removing the requirement for municipal advisors to file new issue applications in one business day, among other changes.

Climate science data that guides where and what to build will be key to effective use of new federal dollars.

Federal Reserve chair Jerome Powell said the central bank will remain aggressive in fighting inflation despite promising economic data.

Moody's Investors Service rewarded the ongoing fiscal turnaround of Detroit's home county with a two-notch upgrade.

Daily report for August 26, 2022

Outflows from municipal bond mutual funds continued as investors pulled $1.180 billion out of funds in the latest week, according to Refinitiv Lipper data.

Raul Amezcua, who once led Stifel's California and Arizona banking teams, hired several key bankers at Ramirez & Co. since joining the firm early last year.

The bankruptcy judge indicated her support for the deal reached between Assured Guaranty and Franklin Advisors and Nuveen.

"It was a misguided effort from the beginning to ever use the Bond Commission and any of the work that it does to send a political message to anyone for any reason," said Gov. John Bel Edwards.

A local memorial service in Madison, Wisconsin, for Hoadley is set for Saturday with a Washington, D.C., gathering expected in November.

FINRA and MSRB actions are drawing broker-dealer firms to lobbying groups.

Daily report for August 25, 2022

The Investment Company Institute reported $230 million of inflows into muni bond mutual funds in the week ending August 17. ETFs see second week of outflows.