Bonds

Higher education credit downgrades remain more likely than upgrades next year as colleges and universities cope with the latest form of the COVID-19 virus, analysts at Fitch Ratings said. “The neutral sector outlook for U.S. colleges and universities reflects Fitch Ratings’ expectation for some enrollment recovery, solid state budget prospects and good levels of budgetary
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Municipals continued on the unchanged path with sparse trading and no primary to speak of for guidance, keeping the asset class in idle mode to end 2021. The Investment Company Institute reported $91 million of inflows into municipal bond mutual funds in the week ending Dec. 15, down from $517 million in the previous week.
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With interest in ESG from both issuers and investors on the rise, a new Arizent and Bond Buyer survey sponsored by Assured Guaranty explores what it means for the broader municipal industry. For key takeaways, join Arizent’s VP of research Janet King as she sits down with an expert panel including Assured Guaranty Managing Director
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S&P Global Ratings’ decision to update to stable from negative its outlook on the Government of Guam’s general obligation debt was driven by a combination of factors including an influx of federal funds and general fund revenue improvements. On Friday, S&P also affirmed the BB- long-term rating on those bonds and revised its outlook to
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In approving a revised plan for a $9.5 billion international terminal at John F. Kennedy International Airport, New York Gov. Kathy Hochul and the Port Authority of New York and New Jersey sent a clear message. Pandemic or not, major projects must continue. The board of commissioners of the Port Authority, which owns and operates
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Well before the pandemic drove online adoption, the consumer shift toward a digital, personalized banking experience was on an upward trend. For financial institutions looking to capture the millennial and Gen Z demographic, it’s increasingly important to rethink card member acquisition approaches and prioritize automated, hyper-personalized programs. In this Arizent Leaders forum interview with American
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Natalie Braswell of Bloomfield will succeed Kevin Lembo as Connecticut comptroller on Dec. 31, Gov. Ned Lamont announced. Lembo on Dec. 3 said he would resign due to a heart condition. Braswell will hold the position through Jan. 4, 2023. Lamont, in appointing Braswell, said state law requires that upon the resignation of a constitutional
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Munis started off quiet this week ahead of some big deals on tap, with new issuance totaling nearly $8 billion. Triple-A yield curves were little changed on the day while U.S. Treasuries were stronger. Ratios were slightly higher with the five-year muni-to-UST ratio at 49% in five years, 72% in 10 and 82% in 30,
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Amid rising prices, supply chain disruptions and labor shortages, governments are increasingly eying so-called progressive development agreements, or PDAs, as a way to minimize uncertainties as they embark on complex infrastructure projects. The move can reduce risks and costs and deliver a project faster, said Moody’s Investors Service analyst John Medina. “Construction costs are very
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Municipal bonds were steady for the eighth straight session Friday as U.S. Treasuries were slightly better and stocks rose after Consumer Price Index data came as expected, though the highest since 1982. “U.S. stocks rallied after the latest inflation report did not come in as hot as many were expecting. Wall Street did not see
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