Fixed income

A proposed financial transaction tax in aimed at bolstering tax revenues could cost the state Wall Street business, analysts warn.

The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to address the COVID-19 crisis.

The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.

The Financial Stability Board issued a statement April 2 affirming that it is sticking with plans to transition away from Libor by the end of 2021.

The Federal Reserve has been proactive and the secondary market could be next up for assistance.

The primary market remained mostly on the sidelines with issuers slow to jump back into coronavirus-driven volatility while also awaiting Fed engagement.

As COVID-19 wreaks havoc on global markets, munis try to keep pace.

As fear and uncertainty over COVID-19 rapidly grow, it has sent yields for both municipals and Treasuries to never before seen low levels — begging the question if we could see zero or negative yields here in the States?

Dan Scholl, head of municipal fixed income at Wilmington Trust, views munis as inefficient and retail oriented. However, he maintains credit has never been better. In managing $5 billion of assets in high-grade SMAs, he finds value in housing, healthcare and IDBs. John Hallacy hosts.

Rep. Peter DeFazio said gas tax revenue could finance $500 billion in Treasury bonds.

Michael Ruvo, President and CEO of BondWave, joins Chip Barnett to talk about how the growth of data science, machine learning and artificial intelligence has enabled new trading insights in fixed-income.

Tradeweb ICE U.S. Treasury Closing Prices is designed to represent the daily market mid-price for Treasury securities.

MarketAxess Holdings will buy LiquidityEdge for $150 million.

The U.S. Treasury Department announced plans to maintain record debt sales.

Treasury Secretary Steven Mnuchin warned that the U.S. government will face a default in “late summer” unless Congress increases the debt ceiling.

Inflation took a step back, according to the Federal Reserve’s favorite indicator, while income edged up in March, ahead of this week’s Federal Open Market Committee meeting, suggesting the Fed will be able to remain patient on rates.

Undersupply and demand for the muni exemption in high tax states are expected to help municipal bonds outperform in the second quarter.

Newly issued Treasury securities held in stripped form increased about $1.155 billion in March to a total of $301.140 billion.

After decades of managing risk for investment clients in volatile markets, Thornburg managing director Chris Ryon is preparing to retire at the end of the year.

Eagle Asset Management PM Manager uses barbell approach to find value for clients when short-term munis are expensive relative to Treasurys.