Municipal bonds ended mixed on Wednesday, according to traders, as the gilt-edged state of Maryland came to market with competitive sales won by Bank of America Merrill Lynch and Citigroup.
New York City’s economy grew 3.3% in the second quarter – more than double the 1.5% growth rate seen in the same period last year, according to an analysis released on Wednesday by City Comptroller Scott Stringer.
Municipal bonds were weaker at midday, according to traders, as the gilt-edged state of Maryland came to market with two competitive sales won by BAML and Citi.
The channels to communicate with investors – things like investor websites - make it easy and cost effective even for small bond issuers to do so effectively.
The New York region's service sector activity "picked up," according to the Federal Reserve Bank of New York's August Business Leaders Survey, released Tuesday.
Suzanne Shank, co-founder of Siebert Cisneros Shank & Co., was honored at the Black Girls Rock! 2017 award show, the BET television network’s annual celebration of top African-American women in the fields of finance, entertainment and politics.
The Oversight Board has asked the bankruptcy judge to approve compensation for a team led by Martha Kopacz, who served in a similar role in Detroit's bankruptcy.
Top-rated municipal bonds finished weaker on Tuesday, according to traders, as several big competitive deals sold in the primary market, led by a high-quality offering from Mecklenburg County, N.C.
How can muni managers produce consistent returns while managing risk efficiently? Invesco’s Mark Paris, CIO & Head of Municipals, and Stephanie Larosilliere, Vice President & Senior Client Portfolio Manager, talk about their high-yield municipal fund, which tends to focus on seven to 10 sectors, with Tobacco, CCRC, IDB and Charter schools among the most active. John Hallacy is our host.
Bitvore Corp. added features to its artificial intelligence-powered early warning system that continuously monitors material changes affecting risk across the municipal market.
The U.S. Virgin Islands Water and Power Authority borrowed $14.8 million last week at a nearly 11% interest rate and plans to borrow $70 million more through bonds in the next nine weeks.
Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the July Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.
TheNew York City Municipal Water Finance Authority (NYW), the world's largest public sector water and wastewater fnancing authority, with nearly $30 billion of outstanding long-term debt and over $1.7 billion of annual debt service, is seeking an Investment Manager to oversee investment of its revenue fund and debt service funds. If you would like a copy ofthe RFP, please email Kung Ko at:contracts@omb.nyc.govwith "NYW INVESTMENT MANAGER" in the subject line.Proposals are due by September 8,
Inflation will not grow as much as previously forecast, according to the latest projections in the Federal Reserve Bank of Philadelphia's survey of professional forecasters.
Noting that predictions of higher inflation have been wrong for years, Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday, the Fed can afford to wait to raise rates and that’s why he’s dissented on the last two rate hikes.
New Jersey’s pension funds will benefit significantly from a new law that mandates irrevocable contributions from the state’s lottery for the next 30 years, according to Kroll Bond Rating Agency.
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices fell one basis point to 4.01% from the previous week's 4.02%.
The Puerto Rico Title III judge signaled she may reject a motion that would open the door to bondholders taking over the Puerto Rico Electric Power Authority.
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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