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New York State’s public sector entities have more than $300 billion of unfunded other post-employment benefit liabilities, which accounts for a quarter of the nation’s total of $1.2 trillion of other post-employment benefit debt.
February 24Cato Institute -
Political uncertainty will elevate bond price volatility for those issuers more dependent on fiscal support. Still, the broader market will benefit from support for education, transportation, and healthcare sectors.
February 23Western Asset Management -
Responsible, limited changes in the tax code and IRS regulations could go a long way toward economic recovery where needed most to deal with the pandemic.
February 11Cozen O’Connor -
The effects of COVID-19 on Puerto Rico are severe and the island's capacity to repay its debt has changed. The Oversight Board's objectives in the debt-restructuring process, however, have not.
February 8Financial Oversight and Management Board for Puerto Rico -
Our municipal impact strategy will continue to refrain from investing in school districts that are not actively, urgently and aggressively acting to identify and thwart violence against students.
January 28AllianceBernstein -
Lack of female representation is a systemic issue in the financial services industry, made worse by COVID-19. We should use these pandemic lessons to balance scales that have been tilted for much too long.
January 26Ernst & Young LLP People Advisory Services -
While no FOMC action on monetary policy is expected, markets are watching for how the Federal Reserve partners with the Biden administration and how it reacts to the 10-year Treasury yield rising from 0.52% on Aug. 4 to 1.15% on Jan. 14.
January 22Keel Point -
Following a thorough analysis of available EMMA filings, it is clear that PFA-financed projects account for less than 3% of the 700 plus total unique payment defaults posted to EMMA during the last three years.
January 20Public Finance Authority -
Donald Trump's departure from the White House will do little to heal the rift between the right and left, but this is still the best chance muni advocates have had in many years.
January 19The Bond Buyer -
A new period of social liberalization and economic excess could emerge by 2022, leading to inflation and a return to higher interest rates.
January 7MaxMyInterest