MSRB CEO Mark Kim The Municipal Securities Rulemaking Board’s quarterly board meeting included discussion regarding the launch of a “holistic review” of MSRB’s municipal advisor rules, MSRB CEO Mark Kim confirmed.  The meeting, which was held on Wednesday and Thursday, was the board of directors’ second quarterly meeting of MSRB’s 2025 fiscal year. It’s been
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An insurance company employee on Jan. 23 surveys a home destroyed by the Palisades Fire in Los Angeles.Bloomberg News This month’s devastating Los Angeles-area wildfires have created urgency around a bill that would allow the California Infrastructure and Economic Development Bank to issue bonds to support the state’s property insurer of last resort. California’s FAIR
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The University of Tennessee wants to be given the right to sell a wider variety of bond types. AdobeStock The University of Tennessee wants the Tennessee State School Bond Authority to grant it the right to offer bonds supported by its general operating budget rather than revenue streams. Residence halls and parking lots are the
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<img src=”https://public.flourish.studio/visualisation/21374434/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly weaker in spots, while U.S. Treasury yields rose a little and equities ended down after the Federal Open Market Committee, as expected, held rates steady. “Both the FOMC’s December Summary of Economic Projections and current rate futures suggest 50 basis points of additional cuts
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The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed’s 2% mandate. The move comes after the central bank cut its benchmark interest rate by a full percentage point last year and in the wake of President Donald Trump‘s comment during his first week back in office that he’ll
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Ramirez promoted Patty McGrorry to head of underwriting and Lorry Palacios to co-head of public finance. Ramirez & Co. promoted two investment bankers to senior management. Patty McGrorry, managing director, was promoted to head of underwriting. Lorry Palacios, senior managing director, was promoted to co-head of public finance. The two have worked at Ramirez for
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<img src=”https://public.flourish.studio/visualisation/21361104/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday ahead of the Federal Open Market Committee meeting as U.S. Treasury yields were little changed and equities ended up. This year may see higher levels of volatility due to the uncertainty about forthcoming policies from President Donald Trump’s administration, said BlackRock strategists. “An emphasis on
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OpenAI chief executive Sam Altman said he would fast-track product releases and “deliver much better models” after the release of a powerful new model by Chinese start-up DeepSeek undermined Silicon Valley’s lead in a global artificial intelligence arms race. DeepSeek’s generative AI chatbot, a direct rival to ChatGPT, is able to perform some tasks at
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<img src=”https://public.flourish.studio/visualisation/21344305/thumbnail” width=”100%” alt=”chart visualization” /> A new artificial intelligence model from Chinese firm DeepSeek led to a selloff in tech stocks, which, in turn, scared the broader market. In response, investors flocked to safe haven assets like municipal bonds and U.S. Treasuries. Muni yields fell five to seven basis points, depending on the scale,
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