Municipals were steady to weaker in spots Tuesday as the $800-million-plus general obligation bond deal from the state of Washington took focus in the primary. U.S. Treasuries were weaker and equities rallied. Triple-A yields rose a basis point while UST saw yields rise again, as much as five to six, with larger losses on the
Final financing deals are nearly complete for two long-planned commuter rail projects billed as transformational for the Northwest Indiana corridor that sits in the shadow of Chicago along the Lake Michigan shoreline. Both Northern Indiana Commuter Transportation District projects achieved major milestones in June. The Indiana Finance Authority closed on a $203.3 million federal Railroad
Municipal bond fund flows have a direct impact on borrowing decisions made by issuers held in the fund, argues an academic paper presented Tuesday at Brookings Municipal Finance Conference that sheds light on the little-studied question. But the relationship may appear less clear in the real-world experiences of some market participants. The impact, if any,
Local governments plan to spend the majority of their Infrastructure Investment and Jobs Act funds on roads, with water and broadband projects also getting high priority. That’s according to a joint survey by the National League of Cities and Polco, in which 82% of respondents said they intended to spend federal dollars on roads, bridges
A heat wave blasting Texas and other states is not shaping up to be a hot-weather version of 2021’s Winter Storm Uri and its days-long blackouts, according to Fitch Ratings. Summer capacity constraints and rolling blackouts, should they happen, “are not viewed as a near-term risk to U.S. public power and electric cooperative credit quality,”
A ballot initiative that would have raised taxes on wealthy Californians to fund pandemic prevention and public health programs will appear on the 2024 ballot. Max Henderson, the startup investor who led efforts, told California Healthline they delayed the measure, because concerns about COVID-19 are being crowded out by economic pressures. “Our goal was to
The Eastern end of Long Island, better known as The Hamptons is a coveted enclave with coastal and country homes, mansions, and estates. It’s a great place to live, vacation, and most importantly, shop. Fortunately, there’s no shortage of great places to furnish and decorate these incredible dwellings. Here are some of the best places
The top municipal underwriters accounted for $199.247 billion in 4,650 issues in the first half of 2022, down from the $222.640 billion in 6,201 transactions during last year’s first half. BofA Securities remained in the top spot — underwriting $24.528 billion of deals — despite accounting for considerably fewer transactions and market share than the
The Dormitory Authority of the State of New York headlined the top 10 issuers of the first half of 2022, almost all of which outperformed their par amounts year-over-year. Five new issuers entered the top 10, two of which did not sell debt in the first half of 2021. The five issuers who fell out
It may have once felt natural to assume net-zero residences and luxury living could never take up housekeeping together. Not any longer. Net zero apartments that offer sumptuous creature comforts have not only made the scene, but are seemingly being snapped up by luxe-minded, eco-conscious residents as fast as they go on the market. To
Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Key Facts The number of housing starts, or new houses
Four U.S. metros experienced double-digit inflation in the second quarter–Phoenix, Atlanta, Tampa and Miami–and all four were among the most popular migration destinations for Redfin.com users, according to a new report from Redfin, a technology-powered real estate brokerage. These destinations have the highest inflation rates partly because they’re attracting so many new residents and experiencing
Transcription:Chip Barnett: (00:03)Hi and welcome to another Bond Buyer podcast. I’m Chip Barnett. My guest today is Tom Wright. He’s the president and chief executive officer of the Regional Plan Association. The Regional Plan Association is the nation’s oldest independent metropolitan research planning and advocacy organization. The RPA is a private nonprofit corporation, which aims
We’re going to cover the concept of “groupthink” and how it applies to your stock trading market decision. You’ll learn why it is important to focus on psychology when it comes to trading. How market behaves and moves is easy to understand if you know how people think. #tradingstocks #groupthink #stockcharts #investingdecisions #tradingdecisions Posted at:
No, it’s not the end of the bull market. Hold your nose and buy some tech!
In this video Trading 212 explains how to use Japanese candlestick charts. You can easily learn the kind of signals a candlestick chart provides. Trading 212 gives you the main patterns to help you spot the trends on the currency market. Test and practice your Japanese Candlestick analysis in real market conditions with virtual money.
“Shady Pines, Ma!” If that quip sounds familiar, it’s probably because you spent some happy half hours laughing at the hit Golden Girls sitcom in the 1980s or ‘90s. And you probably just read those words in your head in Dorothy’s gravelly voice. The character played by Bea Arthur was related to one other roommate
Anyone who bought a home – or tried to – over the past couple of years knows that it was rip-roaringly competitive, with bidding wars and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during the pandemic: foreign buyers with mega millions. But now foreign real
The nearly $1 trillion of federal pandemic aid that flowed to state and local governments over the last two years helped stave off massive job losses but public sector job recovery has been slow and remains anemic compared to other sectors. That’s according to a paper on the effectiveness of federal pandemic relief presented Monday
Investors are continuing their flight from mutual fund investments, as individual investors and tax-exempt exchange traded funds take up more of the market share. That’s according to a recent mid-year market update from the Municipal Securities Rulemaking Board. “The supply/demand equation changed rapidly, as mutual funds, the largest buyer of municipal bonds, especially in the
After dancing with default on a June municipal bond payment, the owners of American Dream megamall in New Jersey face an Aug. 1 payment on another set of tax-exempts. Two separate municipal bond offerings sold through conduit Public Finance Authority helped finance the mall. The largest, $800 million of limited obligation PILOT revenue bonds, stumbled