Connecticut sold a routine $214 million general obligation deal last week, with Wells Fargo placing the winning bid. Although the deal was unremarkable, Assistant Treasurer for Debt Management Bettina Bronisz made sure the occasion didn’t go unnoticed.  “She invited all the interns and other members of our executive staff to participate and learn about it
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Kim Olsan joined NewSquare Capital last week as a senior fixed-income portfolio manager.  The 30-year industry veteran said she hopes to bring her broker-dealer background and deep knowledge of municipal bonds to the firm.  Olsan said she looks forward to “interacting directly with advisors and investors to grow their municipal footprint and expose them to
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Former BlackRock employee Dave Antonelli has joined fixed-income investment management technology provider IMTC’s sales team as a strategic account executive. Antonelli spent more than 20 years at BlackRock as an institutional fixed-income multi-sector portfolio manager and has experience with managing institutional and retail portfolios and taxable retail separately managed account models, according to a press
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S&P Global Ratings revised the outlook on Arizona’s AA issuer rating to positive from stable, citing the state’s “robust” economic growth, as well as its financial management. The move points to an expectation of a one-in-three chance of a rating upgrade over the next two years, according to the rating agency.  Arizona Gov. Katie Hobbs
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Municipals were little changed ahead of a smaller $6.6 billion new-issue calendar. U.S. Treasuries were firmer and equities rallied. The two-year muni-to-Treasury ratio Friday was at 65%, the three-year at 66%, the five-year at 67%, the 10-year at 67% and the 30-year at 83%, according to Refinitiv Municipal Market Data’s 3 p.m. EST read. ICE
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California Gov. Gavin Newsom issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties and asked local governments to use the “substantial funding” provided by the state to take similar action. The executive order issued Thursday comes a month after the U.S. Supreme Court’s sweeping Grants Pass decision
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Karl Knight was appointed chief executive officer of the U.S. Virgin Islands Water and Power Authority Thursday, effective July 29. The last permanent CEO, Andrew Smith, resigned on June 1 after two and a half years in the position. Since then, Ashley Bryan, who had been the head of electrical operations, has served as interim
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