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Buying a Treasury Marketable Security

With the arrival of high rates we haven't seen since before the extraordinary downturn, nothing unexpected more individuals are putting resources into U.S. Depository protections. As a matter of fact,...

How Interest Rate Moves Drive Bond Returns?

Ongoing unpredictability in security markets according to financing cost assumptions has introduced one more trial of certainty for multi-resource financial backers, especially those clients put resources into lower-risk, high security...

Why Bonds Should Be on Your Investment Radar in 2024?

India’s financial market has experienced a remarkable surge, with new and exciting opportunities capturing the attention of investors and borrowers alike. Among these investment instruments, Non-Convertible Debentures (NCDs) have emerged...

How Many Credit Cards Is Too Many?

Be it Credit Cards or coffee, too much of anything is bad! If you’re fond to applying for Credit Cards, then this vendible might just be the remedy that you’re...

Life@BB: Narasimha Sainath N

Introducing the one and only Sainath, the Music Maverick who is on an shenanigans to conquer the ivories. Having passed Grade 1 of piano from Trinity College London, he is...

Happy Sankranti!

Visit BankBazaarThe post Happy Sankranti! appeared first on BankBazaar - The Definitive Word on Personal Finance....

Loan Restructuring Vs. Loan Refinancing

Two variegated terms, one often considered a doppelganger of the other. This vendible will set the record straight so that these two terms never leave you confused!“I think I should...

Muni advisor exemption won't be extended

The Securities and Exchange Commission does not expect to extend a temporary conditional exemption that allows municipal advisors to facilitate certain private placement deals. In a letter sent to Rep. French...

Consumer confidence surprises to the downside

Consumer confidence unexpectedly plunged in December, although the expectations index improved, while the rest of Tuesday's economic data came in around expectations. The consumer confidence index fell in December to...

'Remain calm, all is well'

As we contemplate the state of the municipal market today, issuance and the strong demand for many types of municipal bonds provide an “all is well” feeling. Many of us...

Access Denied: Allocation and exacerbation

Asset and capital allocations often exacerbate systemic racism across the financial services in some surprising ways. Innovators in the fields of asset management, banking, impact investing and pensions suggest there...

An in-depth look at the 2020 Rising Stars

Title: Assistant TreasurerFirm: Transurban — North AmericaAge: 37John Markowitz, a 2005 graduate of the University of Virginia, started his career in commercial credit at SunTrust Bank. He was about to...

Yearly muni bond volume to hit record

The municipal bond market saw the lowest monthly issuance total in November, but that did not stop this year’s total volume passing 2019’s and all but confirms 2020 will end...

LADWP plans $248M refunding

The Los Angeles Department of Water and Power heads to market Dec. 8 with $248 million in water system revenue bonds that carry a negative outlook from Fitch Ratings. The bond...

MSRB shuffles its senior leadership

The Municipal Securities Rulemaking Board has rearranged its senior leadership team following the appointment of a new chief executive officer a few months ago. The MSRB made that announcement on Monday....

MLF, other Fed programs sunset wont rattle market

Federal Reserve Board Chair Jerome Powell said after the latest Federal Open Market Committee meeting that the panel would be discussing extending the COVID-19-related emergency lending facilities beyond year-end. Treasury...

Massachusetts lines up $1.4 billion GO sale

Massachusetts is lining up a flurry of bond issuance over the next few months, beginning with Thursday’s planned $1.4 billion general obligation sale in three tranches. The retail order period will...

Clarida says Feds new framework is an evolution

The Federal Reserve’s changed policy framework is “an evolution, not a revolution,” according to Vice Chair Richard Clarida. “I think of our new flexible average inflation-targeting framework as a combination of...

UI secures $225 million through P3

A public-private partnership that outsources the operation of the University of Idaho's steam plant and utility system will enable the school to enhance some of its programs even as...

MSRB looks for new board members for 2022

The Municipal Securities Rulemaking Board is looking for issuers and non-dealer municipal advisors to join its downsized board in fiscal year 2022. The MSRB made that announcement Thursday morning, looking for...

OHare airport gets Moody's outlook cut to negative

Chicago O’Hare International Airport’s debt-fueled expansion plans combined with the COVID-19 pandemic’s air travel blows led Moody’s Investors Service to move the airport’s rating outlook to negative. Moody’s affirmed the A2...

Access Denied: Underserved or ignored?

Racism at the branch and in the workplace makes it harder for Black Americans to gain access to financial services. In the second episode of the Access Denied podcast, innovators...

Assured brings back Randall Gerardes

Assured Guaranty has rehired Randall "Randy" Gerardes effective Nov. 2, as managing director in the public finance marketing group. Gerardes will focus on supporting and developing relationships with public finance...

Virginians approve casinos and bonds

Referendums to build casinos appear to be on course for approval in four Virginia cities, a credit positive because the projects have the potential to increase local tax revenues and...

Puerto Rico board member exercises exit veto

New Puerto Rico Oversight board member Justin Peterson exercised an exit veto on a proposed central government debt restructuring Friday. More than two hours into a virtually held public board meeting,...

ASA seeks unlikely MLF extension

The American Securities Association wants to see the Federal Reserve’s Municipal Liquidity Facility extended past 2020 following word from the Treasury Department that such an extension is unlikely. In a letter...

Ladner named N.Y. 'Super Lawyer'

For his legal work in public finance, Stanford Ladner of Butler Snow has been recognized in the 2020 edition of “New York Metro Super Lawyers." Super Lawyers is a rating service...

GDP rebounds in Q3, analysts see slowdown ahead

Gross domestic product surpassed economists' expectations, while initial jobless claims also performed better than forecast, while pending home sales fell unexpectedly, but with COVID-19 cases rising throughout the nation, the...

New York MTA to tap Fed program to the max

New York’s Metropolitan Transportation Authority — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — is proceeding with plans to borrow its remaining...

The future of public finance is strong

Record-breaking new issuance, a 31% surge in taxable volume and the ability of the municipal industry to rapidly adapt to a work-from-home environment shows the resiliency of the municipal bond...

Access Denied episode 1: The wealth effect

Despite laws that were supposed to eliminate housing and mortgage discrimination, systemic racism creates and maintains the disparities in Black homeownership and wealth. In the podcast, professionals from the fields...

Puerto Ricos employment situation improves

Puerto Rico’s employment numbers continued to improve in September. According to the U.S. Bureau of Labor Statistics household survey total employment in September was up 0.25% from August and 1.6% from...

CommonSpirit returns with $2 billion

CommonSpirit Health will price $2 billion of debt Wednesday in a deal that raises some new money while taking the next steps in its tinkering with the combined debt portfolio...

MSRB plans to improve EMMA's searchability

The Municipal Securities Rulemaking Board plans to make it easier to connect investors with state and local governments’ financial information in the coming years. During the second annual Government Finance Officers...

Oklahoma DOT bringing revenue bond deal

The Oklahoma Department of Transportation will price $193 million of revenue bonds in two series Tuesday. The $171 million of Series B bonds for projects and $22.3 million of Series C...

Bond insurers still soaring

The two active municipal bond insurers wrapped $25.22 billion in the first three quarters of 2020, a 62% surge from the $15.57 billion of deals done in the first nine...

Matthew Stitt named director at PFM

Matthew Stitt, the Philadelphia City Council’s Chief Financial Officer, will be joining the public finance firm PFM as director and national lead for equitable recovery and strategic financial initiatives, the...

Detroit returns to market on its own name

Detroit will sell its second, post-Chapter 9 stand-alone general obligation issue Thursday with plans to return in the coming months should voters approve $250 million of bonding authority for blight...

Biden victory may boost Gateway project

A win by Democratic candidate Joe Biden in the presidential election might create a smoother path toward completing proposed upgrades to a 110-year-old tunnel linking Manhattan and northern New Jersey...

Entrepreneurship in the WFH Era

Virtually overnight, Jason Gardner, founder and CEO of Marqeta, found himself working in new surroundings, alongside his wife, two kids, cats, guinea pigs, and dogs. At a personally and professionally...

Resilience redefined

The coronavirus pandemic, urban unrest, budget strife and climate volatility have widened the scope of crisis management. In the fourth and final podcast segment of our Future of Cities series,...

Databits: AI & automation

Even before the coronavirus pandemic, industry experts were bullish on the impact of AI and automation on the financial services industry. What has changed? Join Arizent's VP of research Janet...

Advocate Aurora and Beaumont call off merger

The largest health systems in Illinois, Wisconsin, and Michigan cancelled plans to pursue a merger, they announced Friday. Illinois-based Advocate Aurora Health — created with the 2018 merger of Advocate which...

A solution in search of a problem

The SEC last week of September released the first numbers on the use of their June Temporary Conditional Exemption related to the role of Municipal Advisors in certain bank placements....

New York MTA pension plans sue Allianz over losses

The pension plans for New York’s Metropolitan Transportation Authority are suing fund manager Allianz Global Investors in federal court, claiming risky investments “decimated” their balances when COVID-19 struck. These MTA plaintiffs...

Mark Kim named MSRB CEO

After a year-long candidate search, Mark Kim will be the Municipal Securities Rulemaking Board’s new chief executive officer. Kim, MSRB’s current chief operating officer, will start his new leadership position on...

Fires erupt in Calif.s wine country

Another round of wildfires erupted in Northern California, forcing evacuations and casting thick smoke over the region as hot weather and high winds leave the state perilously dry. A blaze in...

SEC fines unregistered muni advisor $30,000

An enforcement case announced Friday highlighted the often murky line between the various consultants working legally with municipal issuers and those who may be performing unlicensed muni advisory work. Funding the...

Invesco broadens ETF suite

In an effort to give income-seeking tax-exempt investors more yield opportunities, liquidity, and maturity diversification, Invesco Ltd., the global independent investment management firm, is expanding its BulletShares Municipal Bond portfolios...

The SEC's $1 million flipping settlement

A recent settled enforcement proceeding highlights the Securities and Exchange Commission’s attention to so-called municipal bond flipping more than two years following the announcement of charges linked to a years-long...

Data shows slower economic improvement

Economic news released Thursday was consistent with an economy struggling to recover. Thursday’s economic indicators came in “rather mixed,” said Ed Moya, senior market analyst at OANDA. as economic “momentum...

Illinois governor sounds budget alarms

Illinois Gov. J.B. Pritzker ramped up warnings over the dire measures that lay ahead without more federal relief to make up for COVID-19-inflicted revenue wounds, ordering cabinet members to identify...

Biden calls for less Puerto Rico austerity

Democratic presidential candidate Joe Biden said if elected he would reverse the Puerto Rico Oversight board’s austerity policies. On Tuesday he released a position paper on Puerto Rico and talked about...

De Blasio furlough call could be a marker

Facing a lack of further federal rescue aid and no authorization from the state for additional long-term borrowing, New York Mayor Bill de Blasio on Wednesday announced five-day furloughs for...

MarketAxess to acquire MuniBrokers in Q4

MarketAxess is acquiring MuniBrokers, a central electronic venue serving municipal bond inter-dealer brokers and dealers, which will connect 14 leading broker's brokers in an electronic marketplace to trade more than...

Tide of healthcare consolidation continues

Chicago-based 10-hospital Northwestern Memorial HealthCare and independent Palos Health are exploring a merger, the latest in a wave of consolidations that some sector experts believe will only accelerate amid pressures...

MIT, Massachusetts Treasury launch ESG project

Massachusetts Treasurer Deborah Goldberg and the state's Pension Reserves Investment Management board have begun a collaborative project to improve measurement of environmental, social and governance data in the investment and...

Deal of the Year nominations are open

Readers: For the 19th year, The Bond Buyer’s editorial board will identify and recognize the year’s most outstanding municipal finance transactions. As always, we will be looking for deals that exemplify...

Guam eyes Municipal Liquidity Facility

Guam and other U.S. territories struggling with market access may become eligible to use the Federal Reserve’s Municipal Liquidity Facility. During a House Financial Services Committee hearing Thursday, Guam Gov. Lourdes...