BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on April 1, 2021 to shareholders of record at the close of business on March 17, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Institutional pricing of New York City and competitive deals from Baltimore and Cambridge, Mass., should help give a sense of where yields are heading, while Ohio offers up GOs for a market that's been little changed for three days after a large sell-off.
INDIANAPOLIS, March 2, 2021 AM Best has affirmed the Financial Strength Ratings of A and Long-Term Issuer Credit Ratings of "a" for Renaissance Life & Health Insurance Company of America, Indianapolis, Ind. and Renaissance Life & Health Insurance Company of New York, Binghamton, NY. The effective date for all these ratings is Jan. 8, 2021, and AM Best maintained an outlook of stable for these r...
Increased federal funding, Gov. Janet Mills? targeting of coronavirus relief funds and the state?s relative success in fighting the pandemic have helped.
The sell-off in the back half of February brought negative 1.59% returns for the month and a negative 0.96% return for the year so far. Taxables and high-yields fared slightly better.
Minnesota was staring at a $1.3 billion gap in its next budget cycle just a few months ago, but the new revenue and economic forecast projects a $1.6 billion surplus.
The state?s transportation investment is estimated at $50 billion over the next decade and the commission?s recommendation is to increase total investment by at least $20 billion more in the next 10 years.
The market took a much-needed breather Friday and U.S. Treasuries pared Thursday's losses to see the 10-year fall 12 basis points to 1.42% and the 30-year 17 basis points to 2.11%. Municipals were steady at 1.14% in 10 years and 1.82% in 30.
While issuance fell significantly from 2020, it was higher than January's and only the fifth time in 35 years that volume exceeded $30 billion in February.
Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.
Municipal bond yields were following U.S. Treasury yields higher after valuations between the two markets reached unsustainable levels, analysts said on Thursday.
S&P said the proposed budget represents a step in the right direction but it will weigh the final budget and other developments before acting on its BBB-minus rating.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
Municipal bond mutual funds took notice of rate movements with Refinitiv Lipper reporting $37 million of inflows after 15 weeks of multi-billion inflows, the lowest since Dec. 2. High-yield funds took a big hit with $330 million of outflows.
Maxim Group LLC, a leading full service investment banking, securities and wealth management firm today announces its commitment to further expand its presence in South Florida. Maxim Group maintains six offices in the U.S. including two in Florida, with a third being planned in the state.
- U.S.-based stock funds in the week ended Wednesday posted inflows of $14.4 billion, according to Lipper. U.S. taxable bond funds attracted $4.1 billion, the 10th straight weekly inflow, money market funds drew $13.2 billion and municipal bond funds attracted $38 million, the 16th straight inflow, Lipper data showed on Thursday.
?There?s been absolutely no effort made to take this collection of ideas and price it out,? Mayor Mike Duggan said of proposals to change the city charter.
U.S.-based stock funds in the week ended Wednesday posted inflows of $14.4 billion, according to Lipper. U.S. taxable bond funds attracted $4.1 billion, the 10th straight weekly inflow, money market funds drew $13.2 billion and municipal bond funds attracted $38 million, the 16th straight inflow, Lipper data showed on Thursday.
The deal was the largest in the authority?s history, with the lowest ever interest rate for one of its sales and netting a record-breaking $112 million in interest cost savings.
The facility and a majority of bondholders agreed to a restructuring that aims to ease repayment problems not solved by the previous bankruptcy in 2016.
Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders want a broader infrastructure bill to pass through the reconciliation process while other lawmakers plan a bipartisan push for surface transportation.
Senate Majority Leader Chuck Schumer, D-N.Y., said there?s an agreement among ?mayors, governors, and economists from across the political spectrum? that a sizable federal effort is needed.
The governor wants the first full actuarial contribution in 25 years, spurring discussion about what else one of the nation's lowest-rated states should do.
The Kentucky Kingdom amusement park, which leases its property from the Kentucky State Fair Board, will now be run by the well-seasoned operator of Dollywood.
Coronavirus Update Strategic Highlights Financial Highlights Amsterdam, 24 February 2021 --- AMG Advanced Metallurgical Group N.V. reported fourth quarter 2020 revenue of $253.5 million, a 6% decrease from $268.6 million in the fourth quarter of 2019.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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