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The Puerto Rico Fiscal Agency and Financial Advisory Authority has requested pre-qualified investment banks to provide ideas and opportunities for refunding for savings.
February 18
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Michigan State, supported by a better bond rating outlook, will join the small club of higher education institutions using a 100-year taxable bond structure.
February 18
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The evolution of environmental, social and governance investment has been rapid in the muni market. Early adapters discuss its implications.
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Much of the new infrastructure funding can't flow to states until a full FY22 bill is enacted.
February 18
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High material costs and labor shortages are expected to persist through 2022 just as states and localities are planning how to spend the Infrastructure Investment and Jobs Act money.
February 18
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Municipal bond issuers in the Southwest sold $90.8 billion of debt in 2021, down 3.2% from 2020 as lost refunding volume outpaced a gain in new-money sales.
February 18
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Federal Reserve Bank of Cleveland President Loretta Mester said she supports raising interest rates next month and tightening policy at a faster pace if needed to curb inflation.
February 17
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Refinitiv Lipper reported outflows after inflows of $216 million the previous week.
February 17
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Federal Reserve Bank of St. Louis President James Bullard said bringing down inflation may require the central bank to overshoot a neutral target interest rate, which he sees as about 2%.
February 17
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Credit strengths include strong market position and service area economic fundamentals and an expected continued strong finance performance.
February 17
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To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.
February 17
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While the Puerto Rico Senate would not take up a House-approved budget amendment that would allocate money to repay bondholders, analysts expect the Oversight Board to approve the funding.
February 17
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The climate change pilot program fund has attracted more than 40 interested parties seeking $47 million of funding.
February 17
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Market participants are wary that regulators may muddle ESG risk disclosure guidance with guidance regarding labeled bonds.
February 17
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Fitch's commentary suggests a rating upgrade from BBB-minus is in the offing if the governor's proposed budget passes.
February 17
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Democrats still want to move President Biden’s five Federal Reserve picks together through the full Senate. But the chamber’s rules will make that tough to accomplish unless Sarah Bloom Raskin can come to terms with GOP lawmakers opposed to her nomination.
February 16
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Rates could go up faster than they did in 2015 if predictions for the economy hold, minutes from the FOMC said, but the release offered no hints as to whether a 50 basis point liftoff would be considered.
February 16
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A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.
February 16
