admin

Federal Reserve Gov. Michelle Bowman.Julia Nikhinson/Bloomberg Federal Reserve Board Gov. Michelle Bowman said Tuesday she is not quite ready to sign off on an interest rate cut at next month’s Federal Open Market Committee meeting. In a speech delivered to the Alaska Bankers Association, Bowman said price growth continues to be “uncomfortably” high, adding that

Municipals were firmer Tuesday as several of the week’s $12 billion calendar began pricing, led by New York City’s $1.5 billion being offered to retail investors, as U.S. Treasury yields fell and equities saw losses on the day. Triple-A yields fell by two to eight basis points depending on the curve, with the best performance

A default on debt issued by a Texas town struggling with water scarcity led to multi-notch downgrades into junk by S&P Global Ratings and heightened concern about the impact of climate change on public finance.  Clyde, a city of less than 4,000 in central Texas, failed to make debt service payments due Aug. 1 on

Denver voters will consider a sales tax hike on the Nov. 5 ballot to raise about $100 million annually that could be tapped to back bonds for affordable housing. The city council voted 9-4 Monday for the 0.5% tax hike measure proposed by Mayor Mike Johnston in July to address Denver’s affordable homes shortage.  

As the fall conference circuit quickly approaches, Women in Public Finance (WPF) is taking a bold step forward. With the launch of our Women’s Speaker Bureau, WPF aims to amplify the voices of women professionals, foster visibility, and create a powerful resource for industry events.  We know that visibility is more than just being seen

Legislation pending in Congress that would limit the issuance of tax-exempt municipal bonds from states without so-called school choice laws illustrates the risk facing the municipal market’s prized exemption from agendas that are unrelated to state and local financing. With Congress set to take up major tax reform next year, many market participants fear that

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 for The Bond Buyer,

Municipal bond issuance in the Southwest jumped 29.8% to $50.6 billion in 2024’s first half with Texas accounting for 65% of the volume amid a deluge of debt from the education sector.  After a first quarter slump, issuance in the region zoomed 60.3% higher in the second quarter compared to the same period in 2023,

As investors consider this week’s $12 billion new– issue calendar, nearly $2 billion of the debt available will come from New York City.  At $1.8 billion, the deal is the largest on the calendar this week and it’s the latest offering from the city since its $1.2 billion refunding issuance in July.  The first series,