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Increasing capital requirements for banks may incentivize them to buy Treasuries over other assets, including munis, said market participants.
December 20 -
U.S. regulators' swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits, two New York Fed researchers say.
November 28 -
In a speech, the Federal Reserve Board governor said tighter monetary policy is not to blame for the volatility seen in the banking system this spring.
June 16 -
House Republicans are seizing on the debt ceiling crisis to hammer home criticisms of economic policy.
June 6 -
The New Mexico treasurer recently sent an alert to local governments warning that some are bypassing state banking rules on public deposits.
May 26 -
Banks reduced their quarterly muni holdings during the first quarter at the fastest rate in 20 years, per Municipal Market Analytics.
May 12 -
Outflows were seen again from municipal bond mutual funds, though they lessened this week as Refinitiv Lipper reported $101.664 million was pulled as of Wednesday.
May 11 -
The Federal Reserve took action against a small bank in southern Illinois whose exposures to interest rate changes left it with negative equity last year. The enforcement action comes as regulators review their oversight practices following Silicon Valley Bank's failure.
May 5 -
"We need to have the debt ceiling raised quickly with close to $30 trillion in debt at risk," said Steve Mnuchin, the former treasury secretary.
May 3 -
Municipals were in the red to close out April, down 0.2%, per the Bloomberg Municipal Index, but are in the black 2.5% year-to-date.
May 1