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Municipals were firmer Thursday as the primary market slowed and muni mutual fund inflows returned. U.S. Treasury yields were little changed and equities ended mixed. Triple-A yields fell another three to eight basis points, depending on the scale. The two-year muni-to-Treasury ratio Thursday was at 67%, the three-year at 67%, the five-year at 69%, the

The U.S. Department of Transportation has amended its well-known Transportation Infrastructure Finance and Innovation Act program to clarify interest rates on its longest-term loans and to broaden eligibility for projects. The new rules cover provisions that were included, but not yet implemented, in the 2021 Infrastructure Investment and Jobs Act. The IIJA, among other things,

Following significant outflows and political scrutiny, which raised uncertainty about the future of ESG, gender-lens investing funds improved in the first quarter of 2024. Gender-lens investing funds, ETFs made up of companies committed to advancing gender equality within their workforces, products and services, saw 9.5% growth in assets under management compared to the previous quarter.

The Municipal Securities Rulemaking Board has issued a request for comment on Rule A-12 and Form A-12 on registration, seeking input from the market on draft amendments that would gather more information on the associated persons of bank dealers. The board is hoping to gather this information from bank dealers and eventually display such information

The Center for Municipal Finance at the University of Chicago’s Harris School of Public Policy has appointed six new members to its board of advisors.  “We’ve intended to expand the board for a while now, mostly because we wanted to be sure that we were representing the full range of perspectives from across the industry,”