Investments

Munis held "their firmer tone as Treasuries continued to rally once more this past week," said Jason Wong, vice president of municipals at AmeriVet Securities.

Villanova, who is based in Hawaii, will help expand Bancroft's engagement with issuers, underwriters and financial advisors.

The City Council will vote Tuesday night on whether to approve bonds for the formerly stalled project.

Municipals' strong fundamentals and high credit quality combined with market inefficiencies and dislocations present opportunities.

The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.

Public finance veterans Marvin Markus and Mark Liff join Siebert as managing directors to focus on expanding the firm's infrastructure and higher education practices.

Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.

Yields on top-rated municipal bonds fell as much as nine basis points on Friday as bank contagion fears resurfaced and investors looked to safe-haven securities. The primary calendar is rebounding, with volume rising to an estimated $5.4 billion in the week ahead.

The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

"If banks become even more reluctant to make new loans, the likelihood of a recession grows," says New York City Comptroller Brad Lander.

The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.

President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.

Airports are being squeezed by modernization demands and servicing existing debt.

Outflows continued as Refinitiv Lipper reported $427.082 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $461.123 million of outflows the week prior.

The ruling may open the way for approval of a payout to bondholders as small as 0.21%.

Big national banks would be banned from state and local government contracts in Oklahoma if their policies "discriminate" against the firearm industry.

The state seeks "long-term stable funding" to advance the nation's largest infrastructure project, which remains in slow motion after almost 15 years.

"In short, it appears that the end of the current tightening cycle is coming into view," said Wells Fargo Securities Chief Economist Jay Bryson.

A plan to build a light rail system in the Texas capital city has come under financial and political pressure.

Gov. Jay Inslee's plan to put a $4 billion housing bond before voters was discarded by budget writers in the state Senate.