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The direction of interest rates will have the greatest impact on the municipal bond market this year, according to a vote taken at The Bond Buyer’s 2024 National Outlook Conference in Manhattan on Thursday. Almost three quarters of respondents, 72%, said interest rates would have the most significant effect on the public finance industry in

The Internal Revenue Service has informed the Port of Port Arthur Navigation District of Jefferson County, Texas that the tax-exempt status of a 2017 $55 million bond issuance remains unresolved, months after the district initially disclosed that the IRS was casting doubt on the tax-exempt status of the bonds. The notice came via a notice on

Debt-shy Tennessee is eying private activity bonds under its newly authorized public private partnership program. Gov. Bill Lee signed the Transportation Modernization Act into law last April, supported by a $3 billion general fund infusion, making Tennessee the latest state to authorize P3s. The alternative delivery method will be used to build four toll lanes

Ex-IFS Securities trader Keith Wakefield committed securities and wire fraud when, as the broker-dealer’s head of fixed income, the Chicago resident made forbidden speculative trades and embezzled hundreds of thousands of dollars over a two-year period, an Illinois federal court jury found this week. According to the U.S. Attorney’s Office for the Northern District of

Jason Lisec was named head of HilltopSecurities’ fixed income capital markets. He had been co-head of the department since 2020. “Jason has a proven record as an outstanding leader who brings clarity, decisiveness and expertise to his role with our fixed income capital markets division,” said HilltopSecurities CEO Brad Winges. “He has established great partnerships

An active primary market was the focus Wednesday with the New York City TFA pricing for institutions with small changes to yields from its Tuesday retail offering, Massachusetts upsizing its GO refunding deal and Wisconsin selling green bonds in the competitive market. Triple-A muni yield curves were mostly little changed to a basis point of

Law firm McGuireWoods has hired Jackie Wells, a former director in the enforcement department of the Financial Industry Regulatory Authority, as part of the continued expansion of its securities enforcement and regulatory counseling practice. Wells, who joins the international law firm’s New York office as counsel, spent eight years at FINRA, the private corporation that

The focus shifted fully into the primary market Tuesday as the secondary took a backseat to large new-issues pricing in both negotiated and competitive markets while U.S. Treasuries halted its two-day sell off to see gains on the day. Equities ended mixed. Munis were little changed Tuesday, as UST yields fell six to nine basis

The major Puerto Rico Electric Power Authority bond parties asked the bankruptcy judge to adjourn or stay all bankruptcy proceedings due the potential profound implications of an anticipated First Circuit Court of Appeals decision on their appeal. U.S. District Court Judge Laura Taylor Swain said the existing confirmation schedule and related deadlines “remain in place