Bonds

Tech is taking over financial services — but which trends are here to stay? In this session, Maria Gotsch, President and CEO of the Partnership Fund for New York City, speaks with Chana Schoenberger, Editor-in-Chief of Financial Planning, about what’s innovative and exciting in fintech right now. Among the topics we’ll discuss are: – What
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Municipal triple-A benchmarks firmed Friday after a less-than-stellar employment report while a lackluster new-issue calendar awaits investors, with strong underlying technicals keeping rates low. Volume is estimated at $6.569 billion for the week of May 10, up from total sales of $1.840 billion the week of May 3. The supply-demand imbalance, solid fund inflows and
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U.S. consumer credit climbed in March by more than forecast, highlighting an increased willingness to borrow as economic activity resumes. Total credit rose $25.8 billion from the prior month after a $26.1 billion gain in February, Federal Reserve figures showed Friday. On an annualized basis, borrowing rose 7.4% in March. Economists in a Bloomberg survey
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To showcase Rhode Island’s progress on school construction, state General Treasurer Seth Magaziner spoke in front of the $189 million East Providence High School scheduled to open in the fall. The old building, which opened in 1951, was part of a cookie-cutter system that a school district in Texas adapted from East Providence. That Texas
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Puerto Rico bankruptcy Judge Laura Taylor Swain set the Disclosure Statement Hearing for the central government bankruptcy for July 13, setting up a first step in approving the commonwealth’s plan of adjustment for its debts. On Tuesday afternoon Swain posted her order for the hearing, deadlines connected to it, to establish a related document depository,
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Fitch Ratings revised Kentucky’s outlook to stable from negative due to the state’s solid economic recovery from the COVID-19 pandemic. Fitch cited the state’s ability to “navigate the ongoing budgetary implications without materially weakening its fiscal resilience.” “This improvement further indicates Kentucky is poised to sprint out of this pandemic and be a leader in
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Gov. Pedro Pierluisi vetoed a Puerto Rico legislative measure that would have delayed the privatization of the transmission and distribution system for the Puerto Rico Electric Power Authority. In his veto on Wednesday Pierluisi said the bill was unconstitutional since it undermined contractual obligations with LUMA Energy. The bill was also inconsistent with the Puerto
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California state officials are responding to a growing demand by investors for disclosure on climate change risks with efforts to create uniform standards for reporting risk. Earlier this month, the Governor’s Office of Planning and Research partnered with Stanford University’s Sustainable Finance Initiative to create an advisory group to study the challenges posed by climate
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Arizona Gov. Doug Ducey on Tuesday signed legislation allowing community colleges to offer four-year degrees. “Arizona is a school choice state, and today’s action is school choice for higher education,” Ducey said of Senate Bill 1453, which passed the legislature last week. “It will allow students even more opportunities as they strengthen their education and
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In 2016, the District of Columbia Water and Sewer Authority (DC Water) was under a federal court order to fix its combined sewer system, which dumped raw sewage into the nearby Potomac River after heavy rains. The price tag was steep: nearly $1 billion for the planned installation of just one of three massive tunnels
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New-money volume growth nearly tripled that of refunding volume in April, as issuers refunded less and played catch-up, issuing new paper in a better credit environment spurred by federal aid. Municipal issuance increased 6.2% in April year-over-year, starting the second quarter with $33.65 billion across 940 transactions, up from the $31.69 billion in 919 deals
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Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as New York weighs recrafting its streets amid its emergence from COVID-19. “This is a long-term conversation that we and other cities are having, as to the use of the streets,” said Kathryn Wylde, president of the business
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A former Morgan Stanley broker will pay $5,000 in fines after the Financial Industry Regulatory Authority found he bought and sold customers’ securities without their consent, a practice the firm didn’t allow at the time. Constantinos Maniatis agreed this week to pay the fine and be suspended for 30 days while neither admitting nor denying
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Movement of goods through the Port Authority of New York and New Jersey’s maritime and air facilities is still vital to the region’s and nation’s economy. The region’s exports, however, increasingly link to information-based services, according to a study by the Rudin Center for Transportation at New York University’s Transportation Robert F. Wagner Graduate School
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The Massachusetts Clean Water Trust intends to sell $355.5 million of state revolving fund bonds this week, including a tranche that officials say is the first sustainability bond issuance for any state revolving fund program in the country. Retail and institutional sales are planned for Wednesday and Thursday, respectively, with proceeds to finance projects statewide
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