Municipals were little changed Thursday as muni mutual funds saw inflows come in strong and another busy day in the primary market, led by an upsized $3.2 billion of transportation bonds from the New Jersey Transportation Trust Fund Authority. U.S. Treasuries were weaker, with the greatest losses out long, and equities ended up. The two-year
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A stalwart municipal market veteran, devoted friend, and beloved husband and father, George C. Mulry III, a managing director in public finance marketing at Assured Guaranty, died on Oct. 9. He was 64 years old. Mulry is remembered for the lives he touched and his unimpeachable work ethic. He spent nearly 40 years in the
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Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record.  Mike Scarchilli (00:04): Hi everyone and welcome to The Bond Buyer Podcast, your essential resource for insights into everything municipal finance. I’m Mike Scarchilli, Editor-in-Chief of The Bond
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The Municipal Securities Rulemaking Board will hold its first board meeting of the FY 2025 on Oct. 23-24, kicking off the new fiscal year with plans to discuss issuing a new request for information on the MSRB’s rate card and fee-setting process and potential modifications to it. The meeting will be the first under the
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Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The “Japanification” of China continues to be a big theme, with a lot of eerie parallels right down to stimulus proving wanting. Here’s the latest symptom: Yep, the 30-year government bond yields of China and
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Municipals were firmer Wednesday as muni mutual funds saw inflows top $2 billion and Pennsylvania led the new-issue calendar with $1.6 million of general obligation bonds in three series. U.S. Treasury yields fell slightly and equities ended up. The two-year muni-to-Treasury ratio Wednesday was at 63%, the three-year at 62%, the five-year at 64%, the
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Housing advocates are pressing the House Committee on Ways and Means to pass long-simmering legislation that includes expanding the use of Private Activity Bonds to support affordable housing efforts.   “We remain hopeful there will be legislation in the lame duck session of Congress to enact these sorely-needed proposals, which would increase the housing credit allocation
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A little-noticed new program in Ohio’s capital budget is drawing attention after a nonprofit advocacy group called its grants to religious groups unconstitutional. The One Time Strategic Community Investment Fund forces taxpayers to support religious instruction, argues Americans United for Separation of Church and State, a 501(c)(3) devoted to the Establishment Clause of the First
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Months after Minnesota’s second-largest healthcare employer was downgraded by two rating agencies, the Minnesota Nurses Association is taking aim at the management of Minneapolis-based Allina Health and arguing that Allina’s board should be composed of “largely bedside workers.” The union, which represents 22,000 nurses across Minnesota, Wisconsin, North Dakota and Iowa, released a report on
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Anton Wormann, 32, moved to Japan in October 2018. Courtesy of Anton Wormann Anton Wormann, 32, has always had a passion for DIY projects and creating beautiful spaces. So, after he discovered that his neighbor’s property had been abandoned, he decided to purchase it and bring it back to life. Upon inspection, Wormann discovered that
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Municipals were little changed Tuesday as investors await a surge of new issuance to hit the market Wednesday and Thursday. U.S. Treasuries rallied out long and equities ended down. Two weeks into the fourth quarter of the year, munis are posting negative returns in October, down 0.56%, bringing year-to-date returns down to 1.72%, said Jason
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