Bonds

The Federal Reserve needs to raise interest rates a bit further to rein in an inflation rate that’s too high, monetary expert John Taylor said. “They’ve had a big adjustment over the last couple of years,” the Stanford University professor told a webinar hosted by the American Council for Capital Formation on Thursday, adding, “I

Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged. “Almost all participants judged it appropriate or acceptable to maintain the target range for the federal funds rate at 5% to 5.25%,” minutes from the

Investment losses last year eroded funding ratio gains achieved a year earlier by Chicago’s pension system, casting a shadow over a healthy pickup of taxes on the city’s audited financial results. The city’s overall net position for accounting purposes deteriorated to negative $27.6 billion in 2022 from negative $27.1 billion in 2021 due to growth

Illinois headed into the new fiscal year with fresh deposits to its rainy-day and pension stabilization funds, a low bill balance, and $1 billion in available general revenue funds — hitting several high marks on some fiscal metrics that had sunk during the state’s budget impasse six years ago. The state ended the year with

Another $42 billion worth of infrastructure spending dedicated to improving broadband connectivity is now moving from federal to state coffers, spurring comparisons to electrification efforts under the New Deal nearly a century ago and potentially kickstarting additional bond issuance. The Broadband Equity Access and Deployment Program flows from the Bipartisan Infrastructure Law and is aimed

Connecticut Green Bank is offering a seventh round of its one-year taxable Green Liberty Notes in a sale set to conclude on July 31. With buy-in starting at $100, the notes are geared towards retail investors, carry a 5% coupon rate, and will be issued through CGB Green Liberty Notes LLC, a subsidiary of the

Dallas is moving ahead with plans to finance the replacement of its convention center and improvements to Fair Park starting with the private placement in August of short-term debt, which would be refunded as part of a sale of at least $1.4 billion of long-term bonds in 2024. The city council June 14 authorized work

Democratic Rep. Danny Davis of Illinois has re-upped a long-stalled plan for a national infrastructure bank, saying the bank is needed to complement public infrastructure spending while acknowledging the difficult political realities of getting it through a Republican-led House. “Most bills that get introduced never get passed, so once you understand that, you don’t worry

Not-for-profit hospital balance sheets are on the mend from last year’s challenges that inflicted deep damage on balance sheets, but pressures persist and the recovery is slow going, according to reports published this week. Hospital finances showed signs of stabilizing in May with some improvement in operating margins, declining expenses and notable increases in outpatient visits,

Municipals were little changed in secondary trading Wednesday while sizable deals from Massachusetts, the Triborough Bridge and Tunnel Authority and others that saw ample demand in the primary and municipal bond mutual funds saw more inflows. U.S. Treasuries were firmer and equities closed mixed. Triple-A yield curves were firmer by a basis point in spots