Hall of Fame inductees will be honored at an awards dinner at the close of The Bond Buyer's
Hall of Fame inductees will be honored at an awards dinner at the close of The Bond Buyer's
The triple-tax-exempt bonds should be in demand, especially the non-AMT series, analysts said.
Despite the underperformance to USTs, munis saw positive momentum during the first two weeks of September with the asset class returning 0.68% so far this month and 1.99% year-to-date.
Given the Fed's reluctance to "surprise markets or take actions that could be perceived as overtly political," Interactive Brokers Chief Strategist Steve Sosnick said, "we find it hard to believe that anything other than 25 bp is the likely outcome for the upcoming FOMC meeting."
A negative outlook for the city's AA rating by Fitch Ratings follows similar action taken by S&P Global Ratings in July.
Ed Rendell's approach to infrastructure and financial management as Philadelphia mayor and Pennsylvania governor put him ahead of his time.
Philadelphia, New Jersey and the 76ers could all spend billions of dollars. Opponents argue no one will be getting a good deal.