Municipals were slightly weaker as the focus turned to a large new-issue day with deals upsized and accelerated. The asset class followed U.S. Treasuries to higher yields while equities closed the session up. Triple-A yields rose one to five basis points, depending on the curve, while UST yields rose up to four basis points. The
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates.
President Joe Biden signaled tentative federal support for a long-struggling high-speed train between Dallas and Houston using Japanese technology during a meeting last week with Japanese Prime Minister Fumio Kishida. Opponents of the controversial proposal, meanwhile, have urged the Department of Justice to investigate the project’s owner, Texas Central Partners LLC, for violations of the
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s gross domestic product grew 5.3 per cent in the first quarter against a year earlier, exceeding market expectations as Beijing tries to steer a manufacturing-led revival of the world’s second-largest economy. The strong first-quarter
Brodie Killian has moved to PFM Financial Advisors from Stifel Nicolas & Co., joining its Ann Arbor office as a director. The move represents the capstone achievement of Killian’s broad career in the municipal bond market, he told The Bond Buyer. “My past experience gives me a unique perspective as a municipal advisor who has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Western leaders increased pressure on Israel on Monday to exercise restraint following Iran’s drone and missile attack, as Benjamin Netanyahu’s war cabinet prepared to reconvene to discuss how it will respond. French President Emmanuel Macron
The private sector has until the end of April to submit unsolicited proposals for transportation projects to the Pennsylvania Department of Transportation. PennDOT’s Office of Public-Private Partnerships, one of the country’s most active P3 state DOT agencies, accepts unsolicited P3 bids twice a year, in April and October. Interested companies can submit proposals “offering innovative
Benjamin Netanyahu’s initial assessment of how Israel’s aerial defences dealt with Iran’s first direct drone and missile attack on the Jewish state contained more than a hint of satisfaction. “We intercepted. We stopped [the attack]. Together we will win,” the Israeli prime minister wrote on social media platform X on Sunday, after Israel and its
The not-for-profit healthcare sector continues to face challenges, including a high number of bond covenant violations, which can provide an early warning of payment defaults, said Lisa Washburn, chief credit officer and managing director for Municipal Market Analytics. “The hospital sector has definitely seen improvement since the worst of 2022, but I would still
In this article BJ GOLF AMZN Follow your favorite stocksCREATE FREE ACCOUNT CFOTO | Future Publishing | Getty Images A hotter-than-expected consumer inflation reading spooked investors last week, but investors may want to adopt a long-term mindset as they seek buying opportunities. Top Wall Street analysts are calling out their favorite stocks with a focus
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s war cabinet met on Sunday afternoon to discuss possible responses to a massive overnight Iranian drone and missile attack, with US President Joe Biden urging restraint as the Middle East edged closer to full-blown
The late March collapse of Baltimore’s Francis Scott Key Bridge raises questions about the age and resiliency of U.S. infrastructure that engineers and the finance industry will need to address together. That’s the view of Maria Lehman, immediate past president of the American Society of Civil Engineers, GHD’s infrastructure market leader for the United States
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has launched drones at Israel, an Israeli military spokesman said, following a suspected Israeli strike on the Iranian consulate in Damascus that killed several senior Iranian officials. In a statement late on Saturday, Daniel
Bond insurance continued its upward trajectory in the first quarter of 2024, leading the two top municipal bond insurers to expand. Municipal bond insurance grew 24.4% in the first quarter of the 2024 year-over-year. The top two municipal bond insurers wrapped $7.132 billion in the first quarter of 2024, up from the $5.735 billion of
In this article AAP Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of the Advance Auto Parts store at the Sunbury Plaza. Sopa Images | Lightrocket | Getty Images Company: Advance Auto Parts (AAP) Business: Advance Auto Parts is an automotive aftermarket parts provider, serving professional installers and do-it-yourself customers. Its stores and branches
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Iran’s elite Revolutionary Guards have seized an Israeli-owned container ship in the latest escalation of hostilities between the Islamic republic and Israel. The capture of the ship comes as Tehran has been
The City of Richmond, Virginia is changing course on a nearly $280 million bond issuance that will build a new minor league baseball stadium anchoring a $2.4 billion mixed-use project on 67-acres just northwest of downtown Richmond. Last week the Diamond District project, which includes retail, housing, and office space took a public financing turn when the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company. Macquarie’s investors lent about £130mn to the utility’s holding company Kemble Water Finance
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