MSRB Chief Economist Simon Wu A report published by the Municipal Securities Rulemaking Board Thursday identified yields and market volatility as key drivers of secondary market trading volume in the municipal securities market, which has seen a record number of trades in each of the past three years. For their report, authors Simon Wu and
Month: February 2025
In this article MNDY PINS AMZN Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Inflation worries, tariffs under the Trump administration and earnings season could continue to keep the stock market volatile and rattle investor sentiment. Investors looking for attractive stock picks should focus on the ability of a company to navigate ongoing
Western capitals are braced for a potentially decisive week for European security, as the US and Russia begin talks to end the war in Ukraine and European leaders hold an emergency meeting to respond to the fast-moving negotiations taking place without them. Europe’s most powerful leaders will gather in Paris on Monday for crisis talks
“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
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US secretary of state Marco Rubio has spoken with Russian foreign minister Sergei Lavrov ahead of high-level talks between Washington and Moscow next week, as relations thaw between the countries. Rubio, national security
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
In this article PSX Follow your favorite stocksCREATE FREE ACCOUNT The Phillips 66 Los Angeles Refinery Wilmington Plant stands on November 28, 2022 in Wilmington, California. Mario Tama | Getty Images Company: Phillips 66 (PSX) Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: Midstream, Chemicals, Refining, and
Ukrainian President Volodymyr Zelenskyy has rejected a US bid to take ownership of around 50 per cent of the rights to his country’s rare earth minerals and is trying to negotiate a better deal, according to several people familiar with the matter. Treasury Secretary Scott Bessent offered Zelenskyy the deal during a visit to Kyiv
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
Show video info JD Vance has said Europe’s “threat from within” is graver than that posed by Russia and China in a confrontational speech that hit out at alleged infringements of democracy and provoked a furious response from the continent’s officials. In an address to the Munich Security Conference, the US vice-president criticised the cancellation
<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.
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the previous week and
For President Trump, tariffs are a way of protecting American industries and safeguarding national security. For Tracy Skupien, they are a calamity that has pitched her company into crisis. Skupien is director of operations at Tompkins Products, a small family business in Detroit that takes imported cold drawn aluminium bar and turns it into transmission
Sweetwater Union High School District broke ground in May on Castle Park High School’s football stadium. The project is funded partly by the district’s municipal bond program.Sweetwater Union High School District A San Diego-area high school district barred from market access four years ago will ride in Wednesday with a lift from a ratings upgrade
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is author of ‘Command’ and the Substack ‘Comment is Freed’ On Wednesday, US President Donald Trump and Russian President Vladimir Putin agreed to establish a negotiating process to end the Russo-Ukrainian war.
<img src=”https://public.flourish.studio/visualisation/21620339/thumbnail” width=”100%” alt=”chart visualization” /> 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
A man exits the Iron Mountain Inc. data storage facility in Boyers, Pennsylvania, U.S., on Tuesday, Feb. 13, 2018. The underground data center, located in a former limestone mine, stores 200 acres of physical data for many clients including the federal government. Stephanie Strasburg | Bloomberg | Getty Images Elon Musk stood beside a seated
The city of New Orleans is still rebuilding and repairing homes that were damaged in the fallout from 2005’s Hurricane Katrina. The storm flooded hundreds of thousands of homes in New Orleans, killed over 1,800 people and displaced millions. It remains the costliest tropical cyclone in U.S. history, with an estimated $201.3 billion in associated
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Donald Trump’s barrage of economic policies is a “real, genuine fundamental wake-up call” that is forcing Europe to address its competitiveness problem, according to the chief executive of the region’s biggest stock exchange
“We think Treasury, in this situation would likely want to continue to fully pay interest and principal on the debt, not want to default at all.” said Louise Sheiner, a Robert S. Kerr senior fellow of Economic Studies and policy director of the Hutchins Center on Fiscal and Monetary Policy “But there’s a lot of uncertainty
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy unexpectedly grew by 0.1 per cent in the fourth quarter, in a modest boost for Labour as it seeks to fulfil its pledges to re-energise the economy. The GDP figure for the final
&lt;img src=”https://public.flourish.studio/visualisation/21601827/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals sold off Wednesday, moving higher in sympathy with U.S. Treasuries after hotter-than-expected inflation data showed the Fed may not be able to cut rates this year. Equities ended mixed. Muni yields were cut six to 12 basis points Wednesday, depending on the curve, while UST yields rose eight
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images Steel and aluminum stocks surged Monday after President Donald Trump said he will impose 25% duties on all imports of the metals into the U.S. Cleveland-Cliffs rallied nearly
People walk by a sign for Freddie Mac headquarters on July 14, 2008 in McLean, Virginia. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images) Paul J. Richards | Afp | Getty Images Fannie Mae and Freddie Mac — the two giant mortgage finance firms controlled by the federal government
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world President Donald Trump has said Washington and Moscow will begin negotiations “immediately” on ending the war in Ukraine after speaking with Russian counterpart Vladimir Putin. Wednesday’s call indicated a dramatic turnaround in the
Noble Network of Charter Schools’ Rowe-Clark Math and Science Academy campus in Chicago. The network’s recent bond sale was a success.Noble Network of Charter Schools Charter schools are a flashpoint across the nation, yet as the larger charter sector reels, particularly those with unrated credits, some remain resilient, including one Midwest charter school that went
Holding bitcoin is cool again. President Donald Trump has vowed to make America the “crypto capital of the planet”, words that have helped supercharge the token’s price to eye-watering six-figure highs. Wall Street banks and money managers are preparing to jump in. Investors hope Trump will turn the often-derided token into a mainstream financial asset
Puerto Rico Oversight Board Executive Director Robert Mujica suggested non-settling bondholders might be offered recoveries of about 4% of the principal due.Darren McGee Office of New York Gov. Kathy Hochul The Puerto Rico Oversight Board is saying it will not improve its offer to creditors of the Puerto Rico Electric Power Authority. The board will
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Citadel CEO Ken Griffin sent a stern warning against the negative impact from President Donald Trump‘s combative approach to U.S. trade policy. “From my vantage point, the