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Molloy will be leaving the banking giant for the nonprofit sector. Dan Tomson and Paul Creedon, co-heads of public finance, will be taking over his responsibilities.
June 9
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"How fund flows end up shaping up this week is going to be very meaningful for how we start the summer," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
June 8
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The National Association of Bond Lawyers sends letter to non-responsive federal agency
June 8
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Some Democrats objected to the lack of hearing on the bill, which cements Aviation Trust Fund taxes for the next five years.
June 8
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The Federal Open Market Committee is scheduled to meet next week with many experts expecting to see a pause in federal fund rate hikes after ten straight upticks.
June 8
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Weekday ridership on the farebox-dependent regional transit system is below 40% of pre-pandemic levels. Some lawmakers are pushing a state transit rescue package.
June 8
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Judge Laura Taylor Swain seemed sympathetic to putting a time limit on the bondholders' claim.
June 7
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The Investment Company Institute reported investors pulled another $374 million out of municipal bond mutual funds in the week ending May 31, after $671 million of outflows the previous week
June 7
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The City-County Council signed off on up to $625 million of borrowing for a city-owned convention center hotel after a developer-financed plan fell through.
June 7
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The upgrade lifts $1 billion of the Jacksonville system's water and sewer system senior revenue bonds to AA-plus from AA.
June 7
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Gambone, who has 30 years of experience in the municipal finance industry, replaced retiring head of public finance Eileen Solla-Diaz.
June 7
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The website highlighting newly launched public and private projects comes ahead of the administration's second "Investing in America" tour in July.
June 7
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House Republicans are seizing on the debt ceiling crisis to hammer home criticisms of economic policy.
June 6
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"June started out fairly strong for the municipal market as the relative cheapness attracted investors looking for an opening to start buying bonds at higher yields," said Roberto Roffo, managing director and portfolio manager at SWBC Investment Company.
June 6
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Muni Pride has been rebranded from California Muni Pride to reflect its developing national focus.
June 6
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Olson, a 20-year municipal bond veteran, replaces Marjorie Henning who retired at the end of April. In his new position, he will be in charge of the Bureau of Public Finance, which manages the city's borrowing for the comptroller.
June 6
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"It's a quiet revolution," said Reason Foundation's Robert Poole.
June 6
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The Housing Development Corp. will come to market with almost $1 billion of sustainable development bonds to fund new housing projects in the city.
June 5
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The system is incorporating some floating-rate risk into its fixed-rate debt portfolio to allow for strategic flexibility after its new hospital campus opens.
June 5
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Last week, munis underperformed the Treasury market "across the curve through Thursday with yields lower just 13bps," according to Birch Creek strategists. However, they said Friday's rally "in the front end helped pull shorter maturity munis ahead."
June 5
