Variable-rate bonds

The $187 million deal is the largest yet to be hosted on the Clarity platform, which is approaching the half billion mark of resets every week.

A judge said that the lawsuit filed on behalf of California accusing major banks of colluding to inflate VRDO interest rates did not allege the means of the conspiracy.

Tuesday's decision keeps the trial process rolling along, progress the accused banks were hoping to halt with their appeal.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.

Missing minimum denomination and interest rate information for VRDOs affected about 57 CUSIPs, FINRA found.

VRDO reset rates in California consistently were too high to be justified, a new filing contends.

New York Federal Reserve President John Williams said the transition away from Libor “continues to be of paramount importance.”

The office of Illinois Attorney General Kwame Raoul informed a Cook County court it will not allow the Edelweiss lawsuit to be dismissed on public disclosure grounds.

GASB will release on April 16 a list of delays to various initiatives because of the coronavirus pandemic.