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The diverse structure of New York’s debt poses a significant danger to the state economy’s financial wellbeing: the risk the government and its public authorities might lose access to credit in a fiscal or market crisis.
February 11The Volcker Alliance -
An unfortunate custom in municipal finance is to discount every cash flow with the same rate, namely by the yield of the refunding issue. This underestimates the worth of nearby savings, and overestimates that of savings in the distant future.
February 10Andrew Kalotay Associates Inc. -
The market consensus is that interest rates will rise by two to three percentage points over the next three years. What will that mean?
February 7MaxMyInterest -
The $600 million broadband private activity bond program included in the Infrastructure Investment and Jobs Act has often been overlooked in discussions of funding for rural broadband.
February 2Kutak Rock, LLP -
Why are markets so sanguine about the interest rate outlook? The answer lies in the Fed’s balance sheet, and in particular the level of excess reserves placed there by commercial banks.
January 24Ninety One -
For investors in the municipal bond market, 2021 proved to be a year of hurdles. This is likely to change, particularly for investors in the municipal bond market.
January 14Cannon Advisors -
The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.
December 27The Bond Buyer -
Municipal market participants need to be vigilant in monitoring liquidity and the impact of growing inflation.
December 22ArentFox -
The consequences of climate change for this island state are broadly evident. So is its official response.
December 2Municipal Market Analytics -
Municipal financial professionals have to work with elected leaders to develop better policies to issue more tax-exempt debt in a fiscally prudent manner otherwise the infrastructure investment gap will likely continue to grow.
November 24Wilmington Trust