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<img src=”https://public.flourish.studio/visualisation/20477360/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Monday, following a U.S. Treasury rally, while equities ended up as market participants signaled their confidence in President-elect Donald Trump’s pick for U.S. Treasury Secretary. Muni yields were bumped up to seven basis points, depending on the scale, while USTs rallied up to 15, with both
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Spirit Airlines filed for Chapter 11 bankruptcy on Nov. 18.Spirit Airlines Spirit Airlines’ bankruptcy will not affect bond ratings for Nevada, Florida and South Carolina airports, according to a Fitch Ratings commentary. The bankruptcy filing “is unlikely to have a material impact on U.S. airport operations, finances or ratings,” Fitch analysts wrote in the commentary
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Moody’s upgraded several bonds related to hurricanes and insurance in Florida, citing the support of Florida state government.Bloomberg News Moody’s Ratings upgraded Florida hurricane- and insurance-related bonds to Aa2, affecting more than $5 billion outstanding. The agency upgraded revenue bonds from the Florida Hurricane Catastrophe Fund one notch, Citizens Property Insurance Corp. two notches and
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