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Building off his success in creating a revolutionary website as Massachusetts assistant treasurer of debt management, BondLink founder Colin MacNaught has grown his firm into 45 states.
September 8
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Utilities have faced lawsuits following wildfires for their perceived role in the destruction.
September 7
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Fitch analysts mentioned the tardy ACFR in the ESG section of its most recent rating report on California general obligation bonds.
August 29
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In other asset classes, there has been more transparency, activity and efficiency due to electronic trading. The muni market has been behind in realizing how beneficial electronic trading can be, sources said.
August 24
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Healthcare and transportation had the biggest contraction in issuance volume.
August 21
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July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.
July 31
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Customers of Investortools can now access the MarketAxess products through the Investortools Dealer Network.
July 20
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Nonprofit assisted living and nursing home bonds continue to be under stress, with defaults and impairments on the rise.
July 17
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BofA Securities remained at the top of the list, with $22.948 billion, accounting for 13.4% of the market, but the rest of the top 10 saw some shuffling.
July 10
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Total volume for the month was $34.436 billion in 744 issues, down from $37.775 billion in 984 issues a year earlier, according to Refinitiv data.
June 30
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David Fields, Rob Whitlock and Naomi O'Dell have been hired from RBC Capital Markets and will work out of the firm's Philadelphia and Chicago offices.
June 28
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Some in the industry already use AI to help determine fair bid and offer prices and to summarize new-issue offering statements, but full integration into all aspects of the market is a ways away.
June 26
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The $6.9 billion new-issue calendar features high-grade deals from Georgia, Washington and Massachusetts, among other frequently traded credits, which should provide direction for scales.
June 23
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Municipal bond mutual fund inflows returned as Refinitiv Lipper reported investors added $672.288 million for the week ending Wednesday following $256.532 million of outflows the week prior.
June 22
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The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.
June 22
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"We're looking to grow our team in various parts of municipal practice and it was time to really add a banker in the Midwest," Janney's head of public finance, Vivian Altman said. "We see a lot of potential in the Midwest."
June 13
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Federal Reserve data shows that retail ownership of municipals rose $58.8 billion, or 3.7% quarter-over-quarter, to $1.67 trillion. Bank ownership fell in the first quarter by $13.3 billion.
June 12
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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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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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Suzanne Shank has been chosen as chair of the 2024 Mackinac Policy Conference, the Detroit Regional Chamber announced.
June 1
