The FOMC's decision to "hold rates steady while signaling only two cuts this year was a subtle but powerful shift," said James Pruskowski, CIO at 16Rock Asset Management.
Housing advocates are cheering the Senate's embrace of expanding Low Income Housing Tax Credits which ensures a volume increase and reduces a key bond threshold test.
Under the agreement, the NBA's Thunder will play for at least 25 years in an arena that will be largely financed by a sales tax revenue bond sale later this year.
"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.
In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.
After two weeks of a deluge of issuance, supply drops off "given the FOMC meeting and Juneteenth holiday, so we expect investors will refocus on the secondary market and look to scoop up any value left behind in the wake of the issuance onslaught," said Birch Creek strategists.
"This case involves the discovery of a massive Ponzi-like fraud orchestrated by former GHA executive director Robert Cappelletti," plaintiffs GHA and Greater Groton Realty Corp., a non-profit affiliate of the GHA, said in an April court filing.?
As the Senate Finance Committee works on the the reconciliation puzzle, attorneys, accountants, and doctors are lobbying for keeping the pass-through exemptions that provide a workaround to the cap on state and local taxes in place.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $6 million offering from Penns Grove-Carneys Point Regional School District, N.J., records a Flood Score of 4.7 out of 5.0, ICE reports.
The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.
The wait for finished audits dropped across municipal sectors from 2022 to 2023, a new report says, but the median time is still higher in the long run.
The tribal movement toward energy independence through renewable-powered microgrid projects has been slowed, if not stalled, by shifting political winds.
BlackRock (BLK) strategists are "constructive" on munis for multiple reasons and think the current market environment presents itself as a buying opportunity, especially as issuance continues to be elevated and provides "ample ability" to source bonds in the primary market.
As Congress grinds through the budget reconciliation, fixed income market experts are eyeballing an uncontrolled national debt while dreading a heavy-handed response from the Treasury bond market.
The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for May 2025. North American corporate CUSIP requests totaled 7,835 in May, which is up 2.1% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 24.6% versus April totals.
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.
Log In Required
Publication Date