Municipals were mixed Monday ahead of a heavy new-issue slate while U.S. Treasuries were better and equities saw smaller gains after last week’s record-breaking moves. Munis continue to struggle in 2024, with the asset class seeing negative returns of 1.01% so far this year. This is a turnaround “from the last quarter of 2023 in
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The top bond counsel in 2023 handled a combined $361.721 billion across 7,164 bond issues versus $359.189 billion in 7,882 transactions in 2022.  The top 10 bond counsel, which welcomed three newcomers, accounted for $168.232 billion across 2,118 issues in 2023. The additions, Stradling Yocca Carlson & Ruth, Bracewell and Gilmore & Bell, knocked Chapman
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Luis Alvarez | Digitalvision | Getty Images While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that. These services track users’ rent-paying habits and report them to one or more of the big credit bureaus — Equifax, Experian and TransUnion — with the aim
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The Illinois Supreme Court Friday upheld pension consolidation legislation championed by Gov. JB Pritzker that was challenged in court by more than a dozen suburban and downstate police and firefighter pension funds.  The case, Arlington Heights Police Pension Fund et al. v. JB Pritzker et al., had pitted the governor and General Assembly against a
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A trial over Missouri’s first-of-their-kind ESG investment rules will go ahead after a federal judge this month rejected the state’s motion to dismiss. The Securities Industry and Financial Markets Association sued the Show Me State last August over a pair of four-month-old anti-environmental, social and governance securities rules. The measures require advisors and broker-dealers to
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Federal transportation and housing funding will continue to flow until early March after Congress late Thursday passed a short-term appropriations bill a day ahead of a partial government shutdown. “There will not be a shutdown on Friday,” said Senate Majority Leader Chuck Schumer, D-N.Y. “Because both sides have worked together, the government will stay open.
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Until this week, the UK economy looked increasingly set for a smooth “soft landing”, with inflation dropping sharply and early signs of growth picking up. But data releases in the past few days have added
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Siebert Williams Shank has formed a six-person quantitative solutions group to be headed by public finance industry veteran Giles Nicholson. Siebert said the hire highlights the firm’s steadfast and growing commitment to expand its public finance practice. “Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to
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