Bonds

Enjoy complimentary access to top ideas and insights — selected by our editors. Issuance of housing bonds for the first half of the year was at $22.243 billion in 357 issues, up 31.7% from 1H 2023’s figure of $16.891 billion in 381 issues. Volume rose in both the first and second quarters, with the former

<img src=”https://public.flourish.studio/visualisation/20627705/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Wednesday as the market saw another heavy slate of new issuance and inflows continued into muni mutual funds. U.S. Treasuries made gains and equities broke more records. Federal Reserve Board Chair Jerome Powell in a televised interview Wednesday said “little to alter the market’s view that

Tax-exempt Liberty Bonds that financed the Frank Gehry-designed 8 Spruce apartments were refinanced this week.Adobe Stock Blackstone Inc. is refinancing $550 million of municipal debt for 8 Spruce St., a 76-story residential tower in downtown Manhattan designed by famed architect Frank Gehry.   New York City’s Housing Development Corp. priced the debt Tuesday on behalf of

Federal Reserve Chair Jerome PowellBloomberg News NEW YORK — Federal Reserve Chair Jerome Powell is not worried about a so-called “shadow chair” undermining him during the Trump administration. “I don’t think that’s on the table at all,” Powell said during an onstage interview with journalist and anchor Andrew Ross Sorkin on Wednesday. The idea of

 ”There has been a fairly persistent resistance to embrace fiscal sustainability,” said Jared Bernstein, the chairman of the Council of Economic Advisers at The White House.  “The only way that changes is with a forcing event, and perhaps one of the few forces that could potentially discipline the Trump administration in this regard is the bond

Chicago will go to market Thursday with a refinancing that will help close its 2024 budget gap in the midst of heated negotiations over the 2025 budget.Bloomberg News RBC Capital Markets will price for Chicago $806 million of bonds on Thursday, a refinancing that will help close the city’s fiscal 2024 budget gap.  The city

A rendering of the “party car” on Brightline West’s high-speed electric train between Las Vegas and southern California. Brightline West Brightline West, the high-speed rail line between Las Vegas and southern California that broke ground in April, is eyeing its biggest borrowing to date in the next several weeks. In a notice on the Electronic

Plainwell Community Schools was among the Michigan districts to have bond measures fail in November.Plainwell Community Schools Michigan’s Plainwell Community Schools had a $39.8 million bond measure on the ballot Nov. 5, its second attempt this year to secure voter approval for capital projects in the district. The new bond had been downsized from the

Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 financial advisors for housing deals accounted for $12.595 billion in the first half of 2024. Caine Mitter & Associated ranked No. 1 with $5.1 billion, followed by CSG Advisors with $3.3 billion and CFX Inc. with $1.9 billion. Source:

Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 underwriters for healthcare issuance accounted for $20.056 billion in the first half of 2024. RBC Capital Markets leads the pack with $5.2 billion in issuance, followed by BofA Securities with $3 billion and Raymond James with $2.2 billion. Source: LSEG

Brightline won The Bond Buyer’s 23rd annual Deal of the Year award for its $3.2 billion recapitalization that represents a transformative moment in U.S. infrastructure financing.  As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, restructured

<img src=”https://public.flourish.studio/visualisation/20605532/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer amid a busy new-issue calendar, as U.S. Treasury yields were slightly weaker outside of five years and equities were mixed. Muni yields were bumped one to five basis points, depending on the scale, while UST yields rose up to three basis points out long. The two-year

Representative Patrick McHenry, a Republican from North Carolina and chairman of the House Financial Services Committee, center, said Congressional oversight will be key to ensuring regulators get implementation of the Financial Data Transparency Act “right.”Al Drago/Bloomberg A Congressman who sponsored the Financial Data Transparency Act unpopular among many municipal bond issuers said cities worried about

Oakland, California’s ratings were downgraded to A by Fitch Ratings as the city struggles with financial woes.Adobe Stock Oakland, California’s financial turmoil and turnover in leadership have resulted in the city’s bond rating being downgraded to A from AA-minus by Fitch Ratings. The outlook was revised to negative. The city had $821.7 million in bond

“Maintaining fiscal responsibility is a critical requirement of public entities,” said David Medanich, co-head of Public Finance at Hilltop Securities. ”Public funds require the highest level of safety, and accountability. The primary goal is to earn a competitive rate of return while maintaining preservation of principal. Cryptocurrencies do not meet this definition.” Tony Valdez The incoming Trump

Texas Gov. Greg Abbott touts a state-funded education savings account program at a parent empowerment day event at the state capitol in March 2023. After the program failed to pass that year, he vowed another push in 2025 and campaigned for pro-voucher legislative candidates.Texas Governor’s Office Texas is gearing up for its 2025 legislative session

<img src=”https://public.flourish.studio/visualisation/20585986/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer to kick off December, as U.S. Treasuries were weaker and equities were mixed late in the session. Muni yields were bumped one to four basis points, depending on the scale, while UST yields rose up to five basis points on the short end, as of 3

Federal Reserve Gov. Christopher WallerBloomberg News At least one Federal Reserve official is leaning toward cutting interest rates at the central bank’s final monetary policy-setting meeting of the year. In a speech delivered Monday afternoon, Fed Gov. Christopher Waller said the Federal Open Market Committee can reduce the federal funds rate by an additional quarter-percentage

After losing an appeal to the First Circuit Court of Appeals in the PREPA bankruptcy, the Puerto Rico Oversight Board has filed a second appeal with the court. Several parties have asked the U.S. Court of Appeals for the First Circuit to reconsider its November decision that affirmed Puerto Rico Electric Power Authority bondholders’ lien on

FINRA’s 529 initiative was launched in 2019. A San Diego-based broker dealer has agreed to pay a fine and restitution to settle claims it failed to properly supervise its brokers selling shares of 529 plans for customers looking to roll over the investments from one state plan to another. Independent Financial Group, LLC settled the

Tyler Traudt, CEO, DebtBookRYAN L JOHNSON DebtBook, a provider of cloud-based software solutions for governments and nonprofits, has released a new tool designed to provide a unified system to monitor bank activities, forecast cash inflows and outflows, and prevent fraud.  The firm’s new product, Cash Management, is set to solve a number of organizational challenges