Market Outlook This is certainly not the kind of week that bond traders want to step in front of: between the monthly meeting of the Federal Open Market Committee (affectionately dubbed the “Federal Open Mouth Committee” by some of our friends in the business) and...
Month: July 2013
After Detroit, Is Chicago Next?
Market Outlook Just when we thought 10-year Treasuries had found some degree of support around the 2.50% level, fresh new supply and hints of economic stabilization in Europe have brought on renewed weakness this week. Traders are also starting to focus on the July...
Post-Detroit Muni Market Looking for Direction
Market Outlook With his remarks at last week’s Congressional hearings, Federal Reserve Chairman Ben Bernanke finally accomplished what he could not back in June: convince global financial markets that tapering is not the same as tightening and that any tapering...
Which U.S. Cities Boast the Best Hospitals?
Detroit is getting a lot of negative press lately. But here’s a bright spot for the Motor City: It is one of five cities deemed to be home to the greatest number of top hospitals in the nation, according to the 2013-14 U.S. News & World Report...
Kate’s Baby Upstaged by Detroit Bankruptcy
Detroit has replaced Jefferson County, Alabama as the largest municipal bankruptcy in U.S. history to date. The filing follows a month of intense negotiations with various classes of creditors. Of course, just because Motown wants to declare bankruptcy doesn’t mean it automatically can.
Detroit Takes the Municipal Bankruptcy Plunge
Updated July 23, 2013 - Detroit has been known for many things over the years ... cars, music, and now municipal bankruptcy. On July 18, the City of Detroit became the largest city to file for Chapter 9 municipal bankruptcy protection. James Spiotto, a...
A Grand Debut for the Year’s Largest Muni Deal
With temperatures rising across the nation, the municipal market too is heating up. This week’s muni new issue calendar is expected to top $9.65 billion of new volume … Accounting for much of that supply is a $2.9 billion deal from the Grand Parkway Transportation Corp in Texas
Muni Fund Outflows Continue Even As Tax-Exempt Market Recovers
Market Outlook “The overall message is accommodation.” This was the latest policy clarification from Fed Chairman Ben Bernanke, a day after the release of the minutes of the FOMC meeting showed deep dissension within the Fed’s ranks as to the timing...
Are Maps Becoming Extinct?
Can online maps and GIS tools replace wall maps and atlases?
Summer Sitings: Road Trips, Picnics in the Park, and … Travel Taxes
by Mardee Handler, managing editor Summer travel season is in full swing. Depending on where your road trips lead, you may be making a larger contribution to your destination city’s coffers than you realize. Earlier this year, Pew Stateline featured an article...