WASHINGTON -
Thomas M. Likovich, a managing director and head of debt markets for
Francis Y. Chin, head of public finance at Salomon Smith Barney Inc.,
Spector replaces David R. Warren, managing director for the securitized
-- Lynn Hume
The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.
High-yield funds saw $608.9 million of inflows compared with inflows of $150.3 million the week prior.
"Volatility creates all kinds of opportunities in the municipal space, not just for tax-loss harvesting, but for positioning and parts of the yield curve that might be undervalued or certain sectors or states that are poised to perform well going into yearend," said Tim McGregor, a managing partner at Riverbend Capital Advisors.
AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.
The Republicans are using "magic math" to disguise the cost of extending the TCJA, Sen. Elizabeth Warren said.
The future of infrastructure spending in doubt, helping to drive unity among professionals who interact with the municipal market.
