Category: Bonds
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Harvey, Illinois, resolves SEC compliance questions
Harvey, Illinois, has resolved Securities and Exchange Commission concerns over its compliance with a 2014 consent judgment that settled fraud charges, removing one hurdle to a debt restructuring. The SEC forced the city back into court in October 2020 over concerns the city had not fully implemented an independent consultant’s recommendations aimed at cleaning up…
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No rest for the weary muni market
Munis sold off, playing catch-up Thursday’s U.S. Treasury selloff, while taxables pared back some of those losses in a flight-to-quality bid Friday as equities were hit hard on U.S.-Russia tensions. Triple-A muni benchmark yields were cut by up to 10 basis points on the short end but the pain was felt across the curve with…
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Fed’s Bullard on rate plan, possible inter-meeting move: Q&A
In an interview on Thursday, Federal Reserve Bank of St. Louis President James Bullard discussed his outlook for monetary policy following a report showing surging consumer prices. He gave his view on whether a 50 basis-point interest-rate increase would be needed, and the possibility of raising rates between Federal Open Market Committee meetings. Here’s a…