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“When you go up on the Hill, the M.O. is, ‘No, we’re not, we’re not going to touch bonds,'” said Brian Egan, chief policy officer for the National Association of Bond Lawyers.  ”We heard that consistently throughout 2017 until we actually saw the bill. It’s easy to say programs are safe when you haven’t really sat
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S&AdobeStock S&P Global Ratings’ view of Guam’s bonds has shifted from negative to positive. It gave a positive outlook to its BB-minus rating on Guam’s general obligation bonds, BB rating on Guam’s business privilege tax and section 30 revenue bonds, and B-plus rating on its appropriation-backed certificate of participation. The ratings action removes a negative
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Dallas Police Department officers in 2022. The Dallas City Council set a goal to hire 300 police officers in the current fiscal year to comply with a voter-approved mandate to increase the police force and officer pay, which led to a negative rating outlook from Moody’s Ratings.Bloomberg News The Dallas City Council adopted a goal
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Adobe Stock The Financial Industry Regulatory Authority has fined MarketAxess Corporation $90,000 for Municipal Securities Rulemaking Board rule violations including the inaccurate reporting of trade times for more than 57,000 transactions, most of which were off by just one second.  MarketAxess, which operates fixed income electronic trading platforms, submitted a letter to FINRA proposing a
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Chicago alderpeople narrowly approved the issuance of $830 million of general obligation debt that Mayor Brandon Johnson says will fund infrastructure improvements.Bloomberg News Chicago’s City Council on Wednesday approved the issuance of $830 million of general obligation bonds that Mayor Brandon Johnson’s administration says will fund infrastructure projects in the capital improvement program. “I made
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Onchain cybersecurity platform Cyvers detected suspicious outflows on Feb. 27 from an address linked to Mask Network founder Suji Yan. According to Cyvers, other flagged addresses had received about $4 million in cryptocurrencies, primarily in Ether (ETH)-linked tokens. The digital assets suspected to have been stolen included 113 ETH, valued at over $265,000 at the
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The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News
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XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest
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THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap
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Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and
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<img src=”https://public.flourish.studio/visualisation/21835112/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were a touch firmer in spots Wednesday as U.S. Treasury yields fell further and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 64%, the 10-year at 68% and the 30-year at 87%, according to Municipal Market Data’s 3 p.m. EST
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Richard Ciccarone, president emeritus of Merritt Research Services.Alan Klehr Illinois’ Annual Comprehensive Financial Report for fiscal year 2023 is threatening to break California’s record for latest audit, having recently passed 600 days since that fiscal year ended, according to data on audit times. Illinois is currently tied with Nevada for the latest fiscal 2023 audit.
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