Bonds

Dave Sanchez has been head of the SEC Office of Municipal Securities since 2022. While Dave Sanchez, director of the Securities and Exchange Commission’s Office of Municipal Securities has repeatedly expressed concern regarding joint powers authorities, there is no certainty of following enforcement action although that risk always can be heightened in situations where bond
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“Ending this discriminatory treatment of tribal governments by providing them full parity with state and local governments in accessing tax-exempt bond financing will enhance job creation, generate sorely needed governmental revenue for social services, stimulate infrastructure and business development on tribal lands, and accelerate the diversification and resiliency of tribal economies, particularly in their private
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“Every deal team that has an issue they’re working on will spend a lot of time talking about this,” said Glenn Weinstein at Miller, Canfield, Paddock and Stone, P.L.C. and former chair of the National Association of Bond Lawyers’ Securities Law and Disclosure Committee.Glenn Weinstein Municipal market participants are beginning to ponder when and whether the threat to
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<img src=”https://public.flourish.studio/visualisation/21795219/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were slightly firmer in spots Monday as U.S. Treasury yields fell and equities ended mixed. “Munis have been slow and steady (steady may be a stretch) for the first couple of months of the year,” said Daryl Clements, a portfolio manager at AllianceBernstein. Munis returned 0.51% in January
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PREPA bondholders opposed to the Oversight Board’s offer say the reasons the court had given to continue the stay are no longer valid. Puerto Rico Electric Power Authority bondholders opposed to the Oversight Board’s proposed restructuring filed a motion to lift the bankruptcy’s litigation stay, which could lead to their appointing a receiver for PREPA.
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<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the
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Collapsed Interstate 40 in western North Carolina after Hurricane Helene. Gov. Josh Stein is seeking an additional $19 billion in federal aid.North Carolina Department of Transportation Reports that President Donald Trump plans to cut 84% of the staff from one of the two major federal programs providing natural disaster aid concern analysts. Previously, Trump suggested
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<img src=”https://public.flourish.studio/visualisation/21753829/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of a larger new-issue calendar as U.S. Treasury yields fell and equities were down. Muni yields were bumped up to four basis points, depending on the curve, while UST yields fell eight to nine basis points across the curve. Market activity has been somewhat
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Miami International Airport will sell $526 million of municipal bonds this week. Bloomberg News Miami-Dade County is selling $526 million of aviation revenue bonds this week, as the number of passengers using Miami International Airport continues to bounce back from the pandemic and exceed pre-COVID numbers since the pandemic’s low in 2020. The deal consists
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Enjoy complimentary access to top ideas and insights — selected by our editors. Financial advisory firms are actively recruiting and hiring experts in municipal finance to both deepen market footprints and help clients weather legislative changes — in particular, the potential death of the tax-exempt status. Industry advocates with the Bond Dealers of America took
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“A key credit risk for airports is financial exposure from litigation, which is generally mitigated by insurance,” said Kurt Forsgren, US Public Finance Managing Director, S&P Global Ratings. ”While safety concerns could weaken an airport’s desirability and demand over the long term, this hasn’t been observed for major US airports.”S&P Global Ratings A history of close
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Scott Mitchell has been appointed CEO of InspereX after the firm experienced a banner year. Scott Mitchell, a 20-year veteran of J.P. Morgan, has joined InspereX as its CEO, succeeding former CEO John DesPrez III. “The firm just has great people, and a really unique culture, even then, and even more so now, the breadth
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PREPA bondholders said if the board continues its current approach there will be years more of litigation with outcomes showing the board’s positions are “baseless.” Puerto Rico Electric Power Authority bondholders told the bankruptcy court they may challenge all Oversight Board’s advisory fees. The group of opposing bondholders, which hold or insure 61% of PREPA’s
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<img src=”https://public.flourish.studio/visualisation/21638175/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer ahead of a smaller new-issue calendar, as U.S. Treasury yields fell and equities ended mixed. “A solid January employment report already halted the Treasury market rally last Friday,” while this week’s consumer price index report caused more “bear steepening” of the Treasury curve, said BofA strategists.
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&lt;img src=”https://public.flourish.studio/visualisation/21620339/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were firmer Thursday, as U.S. Treasury yields rallied and equities ended up. The two-year municipal to UST ratio Thursday was at 63%, the five-year at 64%, the 10-year at 67% and the 30-year at 86%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services had
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