Commercial banking

Investors added $238.5 million to municipal bond mutual funds in the week ending Wednesday, following $1.124 billion of inflows the prior week, according to LSEG Lipper data.

As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.

The rating for Baylor Scott & White Health in Texas was upgraded, while Presbyterian Healthcare Services in New Mexico was downgraded by Moody's.

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

Ohio Gov. Mike DeWine wants to raise the sports gaming tax to pay for stadiums and he does not want the state to issue bonds to finance stadium development.

Alec Miloslavsky has more than 20 years of experience in technology and entrepreneurial leadership. Prior to EIS, he co-founded Exigen Services (now Return on Intelligence), a company that has grown to revenues exceeding $70 million. Earlier in his career, Alec co-founded Genesys Telecommunications Laboratories and served as CTO from its inception where he helped lead the company to its successful initial public offering and subsequent sale to Alcatel for $1.9 billion in 1999. Following the acquisition, he played a key role with the integration of Genesys into the Alcatel organization.

The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

DeSantis' proposed all government activities budget is 2.5% lower than the current year's budget.

Daily report for February 13, 2025

As Globant's Chief Operations Officer, Patricia is responsible for sustainably growing the company's operations, and enabling it to execute its strategy with maximum value for clients and stakeholders. She also focuses on turning strategy into actionable targets for growth, helping to implement organization-wide goal setting and performance management. She is an advocate for having more women in management positions and recognizing the gender gap in the tech industry, for this reason, she has actively participated in Globant's Women that Build program.

Inflation is front and center this week, with the consumer price index report released on Wednesday and the producer price index on Thursday.

The study comes as the city faces a growing structural budget deficit and shrinking reserves that led to negative bond rating outlooks.