Month: November 2024

Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial

Longtime investment banker George Joseph McLiney, Jr., passed away unexpectedly at age 87 Saturday.  The founder of McLiney and Company, which was acquired by SAMCO Capital Markets in 2019, McLiney was also a devoted husband, father, grandfather and great-grandfather, an avid golfer and a successful Kansas cattleman. George McLiney, Jr. “He loved life, and that

The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down

<img src=”https://public.flourish.studio/visualisation/20436998/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market was lightly traded and little changed Friday ahead of the Thanksgiving-shortened week, with strong market technicals leading to more muni outperformance to U.S. Treasuries and corporates. Triple-A yields barely budged for the ninth consecutive trading session while USTs saw small losses on the short end and

<img src=”https://public.flourish.studio/visualisation/20420283/thumbnail” width=”100%” alt=”chart visualization” /> As yearend approaches, investors have traditionally turned to tax-loss harvesting to use some of their losses to offset gains. However, this year may see less of the tactic than in previous years due to the strength of the muni market. Investors use tax-loss harvesting to sell investments at a

<img src=”https://public.flourish.studio/visualisation/20420841/thumbnail” width=”100%” alt=”chart visualization” /> Municipal were little changed Thursday as inflows into muni mutual funds topped $1 billion. U.S. Treasury yields rose and equities closed the session up. Municipal bond mutual funds saw $1.288 billion of inflows for the week ending Wednesday, according to LSEG Lipper. That compares to $303.2 million of inflows

Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 bond counsel for healthcare deals accounted for $12.32 billion in 63 deals in the first half of 2024. Orrick Herrington & Sutcliffe topped the list with $2.05 billion across 15 deals, followed by Hawkins Delafield & Wood with $2

<img src=”https://public.flourish.studio/visualisation/20399114/thumbnail” width=”100%” alt=”chart visualization” /> Municipal secondary trading did little to move triple-A yield curves, outperforming a weaker U.S. Treasury market again, as the primary market took focus. Triple-A yield curves barely budged while USTs saw losses of three to four basis points across the curve. The day’s moves pushed ratios lower still. The

A sign outside the Financial Industry Regulatory Authority office. The Financial Industry Regulatory Authority has fined New York-based Drexel Hamilton $300,000 in addition to charging four of its registered representatives for submitting retail orders and zip codes for new issue municipal bonds without any basis for such designation. Without admitting or denying the findings, the

&lt;img src=”https://public.flourish.studio/visualisation/20381307/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals improved Tuesday as U.S. Treasury yields fell and equities ended mixed. Triple-A muni yields were bumped one to six basis points, depending on the curve, while USTs saw small gains across the curve with the best performance out long. The secondary took a backseat to the primary market