The city, which previously spent tens of millions of dollars to keep the NHL's Arizona Coyotes from leaving, will turf the team from its arena at season's end.
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.
The primary led Thursday's firmer tone while Chicago schools faced 10 to 20 bp penalties compared to price talk, signifying investors are being more selective and demanding more in the new higher-yield range.
California officials blame a new electronic records system for reporting delays that worsen every year, though other states don't have the same problem.
Mayor Eric Adams?s proposal to ask the state to raise the Transitional Finance Authority?s bonding authority by $19 billion is being opposed by Comptroller Brad Lander.
BOSTON, Jan. 13, 2022 ?The Public Finance Initiative and the National League of Cities are pleased to announce the launch of the Bond Markets and Racial Equity Project, a bold effort to center equity in municipal bond-funded investments and to measure how social determinants of equity change over time.
PRINCETON, N.J., Jan. 13, 2022 ?MacKay Municipal Managers?, the municipal bond team of fixed income and equity investment management firm MacKay Shields LLC, today published its top five insights for the municipal bond market in 2022.
The agency cited ?the appropriation of the full actuarial pension contribution in fiscal 2022 for the first time in 26 years" coupled with improved reserves.
Federal Reserve Board Chair Jerome Powell would not commit to timing for liftoff, stressing decisions would be data-based and the Fed will not allow inflation to become entrenched.
KBRA assigns a long-term AA+ rating with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2022, Series A. Concurrently, KBRA affirms the long-term AA+ rating with a Stable Outlook on $62 million of outstanding COPs; the long-term AAA rating with a Stable Outlook on outstanding General Obligation bonds; and the short-term K1+ rating on the G.O. Commercia...
Other concerns include ongoing threats from the coronavirus, inflation and legislative inertia on muni issues in Washington, according to a Bond Buyer survey.
BOSTON, Jan. 11, 2022 ?BondLink, the leading provider of debt management and investor engagement software in the $4 trillion municipal bond market, was named to Government Technology's GovTech100 list for 2022.
Building on the success of its Green Liberty Bonds, a subsidiary of the Connecticut Green Bank will allow mom and pop investors to place orders for as little as $100 for Green Liberty Notes until Friday.
If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.
Tax-Exempt and Taxable Bonds Finance Significant Portion of Construction Costs for Permanent Supportive and Transitional Housing Units Greystone affiliate, America First Multifamily Investors, L.P. (ATAX), today announced that it has purchased $42 million in tax-exempt and taxable mortgage revenue bonds for the acquisition and adaptive reuse and permanent financing of a future 79-unit seniors and supp...
Munis followed UST weaker while stocks sold off after the employment report, which offered many messages. Analysts believe the bottom line is the Fed will liftoff in March.
The Treasury has issued final ruling for the State and Local Fiscal Recovery Funds program, leaving the ban on the use of stimulus funds to offset tax cuts and furthering the battle of its constitutionality.
The rating agency is keeping the not-for-profit hospital sector's outlook stable as hospitals continue to benefit from the impact of federal coronavirus relief.
The Federal Reserve expects Omicron to fizzle in weeks, and while pandemic-related risks remain, the economy is strong and the Fed needs to address inflation and could liftoff as soon as March, Bullard says.
The credit unions had bought $976 million of Puerto Rico bonds and notes, which they alleged they were coerced to purchase by Puerto Rico government and its agencies.
Gov. Kathy Hochul's??New Era for New York" initiative includes?a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.
Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Jacob B. Carlton has been named director in the Salt Lake City office. Mr. Carlton assists clients with municipal finance matters, focusing on tax-exempt private activity bonds including housing and 501 bonds.
KBRA assigns a long-term rating of BBB with a Stable Outlook to the Board?s Unlimited Tax General Obligation Bonds, Series 2022A and Unlimited Tax General Obligation Refunding Bonds, Series 2022B. Concurrently, KBRA upgrades the long-term ratings on the Board of Education of the City of Chicago?s outstanding General Obligation bonds.
ICI reported $1.101 billion of inflows into municipal bond mutual funds for the last week of 2021. Refinitiv Lipper figures on Thursday may give a sense of investor sentiment for week one of 2022.
California has produced increasingly late audited financial documents since it fully launched FI$Cal, the state's massive financial technology system in 2019.
The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.
"There is no person who has done more to keep the New York City budget sound than Ronnie Lowenstein,? says Richard Ravitch. "She is a remarkable public servant.?
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on February 1, 2022 to shareholders of record at the close of business on January 20, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
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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