News Results

Since 2018, Kat Estes has been actively bidding and helping price new issue deals for Fidelity Capital Markets.?

"It's very important to me to give back because I have been very fortunate and have had a lot people guide and mentor me," said Isela Hernandez.

"Public finance isn't about just numbers or documents," said Charity Karanja. "It's about enabling access, driving development and creating opportunities."

Lynch and the IMTC team developed tools that reduce fixed income portfolio construction time from hours to seconds.

"It is easy to see how much economic potential is held back by lack of infrastructure," said Cintia Nazima.

"Municipal finance ? especially bond insurance ? is pretty niche, so BAM's managment realizes we need to be proactive in introducing the industry to young professionals," said Ben O'Malley.

"I love that we are supporting the public and you can't help but feel good about making a difference in the world we live in," said Richard Park.

"My wife laughs when people ask me what I do and their eyes glaze over," said Michael Persichitte.

Tom Ricchiuto credits his multiple mentors for building his confidence and skills and encouraging him to be himself, be human, and remember that clients and colleagues are people first.?

Sample didn't know she'd grow up to be a bond underwriter, but she loved her internship experience, which opened her mind to municipal finance.

Erika Smull found herself studying municipal bonds since they account for a large portion of water infrastructure project financings.?

"Early on in my career I learned to search for opportunities. It's like hitting a really good golf shot and then you are hooked," said Cameron Thatcher. "That was me."

As bond counsel, Walsh has financed health care and affordable care facilities, continuing care retirement communities, charter schools and many other nonprofit organizations.

"Taking the time to inspire, mentor and grow someone's knowledge is a benefit to the industry. I want to be someone the next generation can look to help them find their path," said Tom Zemetis.

"There's always something going on, whether it's improving water systems, managing our two airports, or stadium financing," said Brendan White.

The Case-Shiller National Home Price index fell by 0.2% in July before seasonal adjustment following a 0.1% increase in June. National home prices were up 1.7% year-over-year, slower than the 1.9% gain in June and one of the weakest rates in the last 10 years according to S&P. The 10-city index and 20-city index both fell by 0.3% in the month.

The FHFA's measure of home prices fell by 0.1% in July after an unrevised 0.2% decrease in the previous month, less than the 0.2% drop expected in a survey compiled by Bloomberg as of 7:35 am ET. Prices were up 2.3% from a year earlier in July. Home prices declined in five of the nine regions from June, was up in three regions and held steady in one region.

Carnival Corporation (CCL) said Tuesday it has commenced a private offering of new senior unsecured notes worth $1.25 billion, expected to mature in 2029. The cruise company said it intends to use the proceeds, together with cash on hand, to fully redeem its $2 billion 6% senior unsecured notes due 2029. MT Newswires does not provide investment advice.

Toms River's reluctance to pass a budget could further damage the school's rating, S&P said.

Since spring this year, eurozone inflation has fluctuated closely around the 2.0% year-over-year target, said Berenberg. While inflation has likely increased in September, judging by Tuesday's data from key member states, such a short-term uptick would still be no reason for the European Central Bank to shift its policy stance, in Berenberg's view.

The city of La Marque is taking steps to stabilize its shaky finances after a short-lived debt service payment default and a bond rating downgrade.

A hold would surprise markets more than economists when the Reserve Bank of India offers its latest decision on Wednesday, said Scotiabank. Markets are roughly 80% priced for a cut, but the majority of economists lean toward a hold, noted the bank. The RBI has the cover to cut, given that inflation remains low at close to 2% year over year, pointed out Scotiabank.

The US dollar fell against its major trading partners early Tuesday, except for a gain versus the Canadian dollar, before a busy schedule of economic data releases, starting with weekly Redbook same-store sales at 8:55 am ET. Home price data for July follows at 9:00 am ET and the Chicago purchasing managers' index for September is due to be released at 9:45 am ET.

Several key economic data releases would be halted in case of a partial government shutdown, news outlets reported Monday, citing the US Labor and Commerce departments. This includes the highly anticipated September nonfarm payrolls report, which is currently scheduled for a Friday release, as well as construction spending and possibly international trade data for August, according to the reports.

Societe Generale in its early Tuesday economic news summary pointed out: -- The US dollar and United States Treasury yields stay lower overnight Monday, gold marches on to new high as the U.S. government shutdown hangs over markets.

Starwood Property Trust (STWD) said late Monday it priced an upsized $550 million offering of 2031 notes to fund green and social projects or repay debt. The offering of 5.75% senior notes to qualified institutional investors was upsized from $500 million and priced at 100% of the principal amount, the company said.

Bit Digital (BTBT) said Tuesday it priced a $135 million public offering of 4% convertible senior notes due Oct. 1, 2030, upsized from a previously planned $100 million. Underwriters have a 30-day overallotment option to purchase up to an additional $15 million of the notes.

Four real estate stocks have shown a marked decline in momentum in recent weeks, even as the Federal Reserve advanced into a rate-cutting cycle.

Bit Digital (BTBT) reported late Monday a proposed public offering of $100 million of its convertible senior notes due 2030. The underwriters in the offering will be given a 30-day option to buy an additional $15 million in notes, to cover over-allotments.

Energy Fuels (UUUU) said late Monday it plans to issue $550 million of convertible senior notes due 2031 to institutional buyers. The company will grant initial buyers a 13-day overallotment option to buy up to an additional $82.5 million of the notes, according to a statement.

The Toronto Stock Exchange eked out another record close on Monday, its first in a week, as Rosenberg Research said "equity markets are frothing, and central banks are committed enablers" before adding "there is no reliable method or quick formula for calling the turn in a FOMO-driven market".

The muni market may be shaken by a government shutdown, driving short-term volatility and wider spreads, said James Pruskowski, a public finance strategist.

Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was increasing 0.7%, and the Real Estate Select Sector SPDR Fund rose 0.2%. Bitcoin was rising 1.7% to $114,092, and the yield for 10-year US Treasuries fell 5 basis points to 4.14%. In economic news, pending ...

Financial stocks were mixed in late Monday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was increasing 0.7%, and the Real Estate Select Sector SPDR Fund rose 0.2%. Bitcoin was rising 1.7% to $114,092, and the yield for 10-year US Treasuries fell 5 basis points to 4.14%. In economic news, pending ...

Tripp Kaiser, a managing director at Municipal Market Analytics, will become executive director of the Center on Municipal Capital Markets in January.

The Dallas Federal Reserve's monthly manufacturing reading fell to minus 8.7 in September from minus 1.8 in August. The National Association of Realtors' pending home sales index jumped by 4% in August, above expectations for a flat reading. The NAR's existing-home sales data for September are scheduled for release on Oct. 23. MT Newswires does not provide investment advice.