Bonds

Municipals were little changed Thursday as U.S. Treasury yields rose and equities ended down. This year’s summer technical picture has been stronger than 2023, said AllianceBernstein strategists. Total returns for June through August last year were –0.04%, with August wiping out June and July gains as UST yields “jumped” and muni yields moved higher, they
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Although charter school bonds seem to naturally lend themselves to a social label, there are inherent risks to taking that step. “One of the biggest questions that often come up is, what are the qualification requirements of being a social bond?” said Ryan Callender, partner, Squire Patton Boggs. “Unfortunately, there’s really no one answer to
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Federal Reserve Gov. Michelle Bowman.Julia Nikhinson/Bloomberg Federal Reserve Board Gov. Michelle Bowman said Tuesday she is not quite ready to sign off on an interest rate cut at next month’s Federal Open Market Committee meeting. In a speech delivered to the Alaska Bankers Association, Bowman said price growth continues to be “uncomfortably” high, adding that
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The letters are flying in the partisan debate over environmental, social and governance issues. A group of 20 state attorneys general led by Florida have slammed the U.S. Treasury Department’s recent warning against some state banking laws that the department said could undermine national security. In the Aug. 1 letter to Treasury Secretary Janet Yellen,
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Municipals were slightly better on the short end Friday, reversing some of Thursday’s losses, while U.S. Treasuries made small gains across the curve and equities were up near the close. Triple-A yields closed out the week on better footing by one to three basis points, albeit in light secondary trading, ahead of a much larger
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Moody’s ratings Wednesday revised New Jersey’s outlook to positive from stable and affirmed the state’s A1 issuer rating.  “The revision to a positive from stable outlook incorporates prospects for strong economic and revenue performance that will allow the state to narrow its structural gap and retain substantial budgetary reserves,” the rating report said, “while maintaining
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Municipal bonds improved Wednesday as attention turned to the primary market with Chicago coming off the sidelines to price its delayed general obligation bond deal along with deals from the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission and the Las Vegas Valley Water Department. U.S. Treasuries and equities closed the session mixed following
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