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A lighter, $5 billion calendar, heavy on healthcare, kicks off November. Most participants agree volatility in U.S. Treasuries will be a leading factor for municipal market performance. Uncertainty in Washington also isn't helping the asset class.
October 29
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The various increased federal support proposals included in the Build Back Better package could help the island's economy, which has generally been contracting for the last 15 years.
October 29
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The Municipal Securities Rulemaking Board plans to request comment on its supervision rule within the next month.
October 29
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Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.
October 29
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The independent financial services firm will be bulking up its public finance business by hiring additional staff as it looks to Florida's West Coast while supporting its existing offices in Miami and Boca Raton.
October 29
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October has, on average, been the heaviest new-issue month of the year. Analysts said the lower volume, particularly taxables, was led by many issuers sitting on the sidelines, waiting for a potential package from Washington, D.C.
October 29
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Gov. Kathy Hochul's thrusts include the MTA Open Data Act; state Comptroller Thomas DiNapoli launched a federal COVID-19 funding tracker.
October 29
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The city’s timing is good as long as market demand for municipals, especially higher yielding paper, stays on track, municipal bond investors say.
October 28
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Amid a flattening municipal yield curve and inversion of the Treasury market, new issues fared better than the secondary on Thursday as participants prepared for month end.
October 28
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The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.
October 28
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Underwriter Cantone Research’s alleged fraudulent misrepresentations are tied to two defaulted bond offerings.
October 28
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Its deep water and access to dollars position it well, a climate expert said.
October 28
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The legislation Gov. Pedro Pierluisi signed late Tuesday is sufficient to issue new bonds, the board said, which was integral to getting the island out of its $33 billion bankruptcy.
October 28
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ICI reported the lowest inflows since outflows in March, while exchanged-traded funds saw an uptick.
October 27
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The Illinois Municipal Electric Agency will have paid off its debt by the time the Prairie State Energy Campus faces an emissions deadline to avoid an early decommissioning under new Illinois clean energy mandates.
October 27
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The SALT deduction cap could be increased, suspended or repealed.
October 27
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Louisiana voters will decide Nov. 13 on constitutional amendments that affect how income taxes are calculated and sales taxes are collected.
October 27
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The tax on unrealized capital gains would be straightforward for securities that trade frequently, but less so for less-frequently traded assets like many munis.
October 27
