<img src=”https://public.flourish.studio/visualisation/20399114/thumbnail” width=”100%” alt=”chart visualization” /> Municipal secondary trading did little to move triple-A yield curves, outperforming a weaker U.S. Treasury market again, as the primary market took focus. Triple-A yield curves barely budged while USTs saw losses of three to four basis points across the curve. The day’s moves pushed ratios lower still. The
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Bloomberg News The regulation of municipal advisors, a topic of great interest since it was initiated by the Dodd-Frank Act 14 years ago, may well be subtly expanding based on how the Securities and Exchange Commission enforces both its own and Municipal Securities Rulemaking Board rules. That’s according to panelists at the SEC, Financial Industry
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“We have designed this competitive project development process to attract extremely capable teams with outside-the-box ideas for bringing water to Arizona and to give WIFA the opportunity to publicly and transparently vet those projects, ensuring that we select the right one for our state,” Ted Cooke, chairman of the authority’s Long Term Water Augmentation Committee,
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The John Hancock building, left, and Trump Tower, right, stand in the cityscape as seen from the Willis Tower in Chicago. Bloomberg News S&P Global Ratings placed Chicago’s general obligation bond rating on watch negative Tuesday, warning the city against heavy reliance on one-time budget solutions, as reports suggest Mayor Brandon Johnson has slashed his
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In the years after the 2008 economic crash, the rating agencies faced criticism largely in how it rated mortgages and securities, which resulted in the Dodd-Frank legislation bringing greater scrutiny to the industry and resulting in vast changes, Moody’s Ratings’ Eric Hoffmann said. With the cost rising and methodologies changing, the California Debt and Investment Advisory
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It will take longer for this toll to generate the necessary revenue for the MTA’s 2020-2024 capital program, MTA Chair Janno Lieber said, but the agency is satisfied.Bloomberg News The Metropolitan Transportation Authority Board voted once again to implement congestion pricing, the tolling program budgeted to cover $15 billion of its current capital plan, but
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Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has launched British-made Storm Shadow missiles at military targets in Russia for the first time, according to four people familiar with the matter. The attack follows Ukraine’s first use of US long-range Atacms
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s housing minister has warned it will be “more difficult than expected” for the government to meet its target of building 1.5mn new homes because of the depth of the current supply downturn. Matthew Pennycook
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In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Thomas Trutschel | Photothek | Getty Images The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. Shares of the the company were last lower by more than 6% after spiking about
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ford plans to cut about 4,000 jobs in Europe, as the carmaker grapples with slowing demand for electric vehicles and fierce competition with Chinese rivals. The US company said on Wednesday the cuts would be
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A new engineering and science building highlights plans for the new-money share of the University of Chicago’s award-winning deal.University of Chicago When the University of Chicago’s deal team embarked on the largest financing ever issued through the Illinois Finance Authority, the team had several goals. One was to transform the university’s capital structure; another was
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Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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