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"It is important to remember that as long as the Fed's next move is to lower policy rates, bonds will do well," said Jack McIntyre, portfolio manager at Brandywine Global. "The employment market is in better balance, which is very important for the Fed — even more than inflation."
June 12 -
Driven by ongoing capital expenditure funding and current refunding opportunities, airport issuance is estimated at $21 billion in 2024, with a slew of from June through September and more planned in December, according to Ramirez.
June 12 -
Milwaukee Public Schools is months late in submitting the annual financial audit reports amid turmoil that has seen its superintendent and comptroller depart.
June 12 -
"We will remain cautious until CPI and the FOMC are in the rear-view mirror and as long as these don't catalyze a sell-off (since that would trigger outflows) or catalyze a sharp rally (as municipals lag rates during a sharp rally and ratios can increase optically) ... " said Vikram Rai, head of municipal markets strategy at Wells Fargo.
June 11 -
The top five bond financings have an average dollar volume of more than $1.2 billion.
June 11 -
Darren Olson of the American Society of Civil Engineers joins to discuss the importance of resilient infrastructure and the impact of federal funding on America's future.
June 11 -
With no change in rates expected, analysts are interested in the dot plot and Fed Chair Jerome Powell's press conference.
June 11 -
Controversy over where to build a new jail has delayed further issuance of $260 million of voter-approved bonds after an initial $45 million sale.
June 11 -
Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.
June 11 -
Munis should see better performance this week as issuance falls to $5.2 billion this week and cash still needs to be reinvested, said Jason Wong, vice president of Municipals at AmeriVet Securities.
June 10