Economy

The charges against Ricky Mantei stem from allegations of prearranged trading in violation of his firm's established procedures.

Political uncertainty will elevate bond price volatility for those issuers more dependent on fiscal support. Still, the broader market will benefit from support for education, transportation, and healthcare sectors.

Data released Monday showed economic strength with further improvement ahead. U.S. Treasuries were off by five basis points but municipals saw aggressive eight to 10 basis point swings to higher yields across the curve.

The deep freeze, and Texas power market structure, left the state's public utilities with sky-high wholesale power bills and a trail of burst water pipes.

The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.

Federal Highway Administration officials have told the mass transit agency they would fast-track an environmental review process.

The consequences of not passing infrastructure legislation in the next few months may be dire.

S&P says Trinity's efforts to shed the fiscally struggling Mercy poses benefits and risks but the hospital is a small piece of the national not-for-profit's overall portfolio.

Much of the material being retired dates back more than 35 years.

The Michigan-based nonprofit hospital chain expects a restructuring charge from the Mercy Hospital bankruptcy but no impact to its municipal bond debt.

HJ Sims has used Cinderella bonds, tender offers and forward deliveries to help senior living clients refinance without tax-exempt advance refundings.

A House committee is considering for the first time how grants for ports will be appropriated to combat the pandemic.

Transportation officials weigh the potential and pitfalls of this public-private development mode amid a financial squeeze during the coronavirus.

Officials see the Moynihan Train Hall and other works in progress as springboards for the city's revival from the coronavirus pandemic.

Dealers say increased focus on systemic pennying has decreased its activity, while others aren't so sure.

The philanthropic arm of Siebert Williams Shank & Co. announced donations to support Howard University and Spelman College.

Rich ratios focus buyers' eyes on a primary market that simply doesn't have enough supply to keep up with demand.

The dealer group is concerned the SEC may provide another exemption for municipal advisors to work on private placement deals.

High-yield continues to be sought after as high-grade paper is yielding about 0.70% in 10 years and 1.40% or lower in 30 years and credit spreads continue to tighten in nearly every sector. Ratios are near 20-year record lows.

It is most certainly an issuers' market as rates are low, credit spreads continue to tighten, money pours into municipal bond mutual funds at record levels and a net negative supply of more than $11 billion.