Bonds

Federal Reserve officials said they want strong evidence that the hottest inflation in four decades is on a sustainable downward path before declaring victory in their fight against it. With consumer prices rising 9.1% in June from a year earlier, the Fed has “a long way to go” on reaching price stability around a 2%

Detroit-based Miller Canfield public finance attorney Jeffrey Aronoff has joined the five-member board of managing directors following a vote of the firm’s principals. The firm also voted to put attorney Pawel Chudzicki, who is a member of the corporate and transactions group, on the five-member board. The newly elected members join Scott Eldridge, who was

Chicago will offer airport and casino site tours to highlight key economic initiatives while Chief Financial Officer Jennie Huang Bennett will seek to make the city’s case with the buy-side for its fiscal turnaround at an annual investors’ conference next week. “This daylong event will include morning tours and investor lunch with Mayor Lori Lightfoot

Municipals were firmer five years and out while an active primary led by two $700-plus million of revenue bonds from the Port of Seattle and the Georgia Ports Authority took the focus away from a massive U.S. Treasury selloff. U.S. Treasuries saw yields rise 20-plus basis points on bonds seven years and in, while equities

The Securities and Exchange Commission’s Office of Municipal Securities is seeking a financial analyst to join its team in either of its Los Angeles, Washington D.C., Atlanta or Chicago offices. That’s according to a posting on USAJOBS, the official job portal for the federal government. According to the posting, the desired applicant should expect to

The Chicago’s Park District’s pension overhaul that pulled the system off a track to insolvency along with a healthy balance sheet that has overcome early COVID-19 pandemic hits have stabilized the district’s ratings, Fitch Ratings and S&P Global Ratings said. Fitch and S&P revised the outlook to stable from negative on the district’s AA-minus general

Cuyahoga County, Ohio, has launched a high-profile utility and microgrid project in a bid to transform a legacy of heavy manufacturing into a high-tech, climate-friendly economy that attracts advanced manufacturers. The plan, which features a public utility and a series of microgrid districts, will likely be structured as a public-private partnership. The county “was thrilled”

John Luke Tyner, fixed income analyst at Aptus Capital Advisors, discusses yield curve inversion with Bond Buyer Managing Editor Gary Siegel. Tyner looks at recession possibilities and how the Federal Reserve’s actions will impact the economy, the yield curve and recession. (23 minutes) Transcription:Gary Siegel: (00:03) Hi, and welcome to another Bond Buyer podcast. I’m

Municipals were mostly firmer to kick off August, while U.S. Treasuries rallied out long and equities were in the red near the close. Muni-UST ratios on Monday were at 67% in five years, 84% in 10 years and 98% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five

A handful of House Democrats who advocated for an increase in the state and local tax deduction cap appear ready to support the latest budget reconciliation bill that omits such provisions, dealing a blow to issuers who were proponents of SALT reform. The representatives may be the deciding votes for the package to pass through

Janney Montgomery Scott LLC has hired Citi’s Alice Cheng to replace Erin Ortiz, who has moved into a new role for the firm’s Higher Education & Not-for-Profit Advisory Group. The advisory group is tasked with providing insights regarding capital and debt planning and management, credit analysis and strategy to higher education and non-for-profit institutions. In

Monetary policy has a more significant impact on spending of U.S. households headed by white women than on those led by white men or Black men and women, the Federal Reserve Bank of San Francisco said. White households overall in the three years after an unexpected rate hike, Aina Puig, a research scholar with the

As a new school year looms for students, Texas is once again giving parents and guardians a break by suspending sales taxes on apparel and school supplies particularly at a time inflation is hammering household budgets and its coffers are overflowing with cash. The three-day tax holiday — an annual event in the Lone Star

A former broker and investment advisor has been suspended by the Financial Industry Regulatory Authority for violating MSRB Rule G-8 on recordkeeping as a result of failing to identify the intended beneficiaries of multiple 529 or education expense plan accounts. Wayne Von Borstel has agreed to a deferred $5,000 civil and administrative fine and is

Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank is committed to doing what’s necessary to bring down demand in order to reach policy makers’ 2% long-term inflation goal, a target that remains far off. “We are committed to bringing inflation down and we’re going to do what we need to do,”

The Municipal Securities Rulemaking Board announced Friday that Meredith Hathorn will be its next chair of the board on the same day that the Securities and Exchange Commission announced the withdrawal of the board’s controversial fee proposal and the MSRB submitted a new version. Hathorn is a managing partner at Foley & Judell in Baton

Municipals were steady to firmer in spots to close out a week of lackluster supply, while U.S. Treasuries were mixed and equities rallied. Muni-UST ratios on Friday were at 67% in five years, 84% in 10 years and 98% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five

The Puerto Rico Fiscal Agency and Financial Advisory Authority filed an objection to the Highways and Transportation Authority Plan of Adjustment Thursday, saying it is illegal. FAFAA, a government body, objected to the Puerto Rico Oversight Board’s HTA plan of adjustment submitted to bankruptcy Judge Laura Taylor Swain. While the Puerto Rico Oversight, Management, and

New York City’s issuance of $22 million of special obligation revenue-backed bonds next week is just the latest in a series of deals that local officials hope will help address the future educational needs of a growing and increasingly youthful urban population. The bonds are slated to be priced by Robert W. Baird & Co.

Minnesota has a trio of triple-A general obligation ratings after Moody’s Investors Service upgraded the state to Aaa from Aa1 on Thursday. The rating agency cited the state’s financial condition, governance, and “high degree” of flexibility to raise revenue and adjust spending for the upgrade, which comes ahead of an approximately $591.5 million new money