The municipal bond market experienced a mixed performance on Wednesday, with evident selling pressure on the short end due to few sizable deals pricing in the primary market. Despite this, munis have managed to hold relatively well as yields remain in a tight range. The AAA HG curve in the muni market has maintained stability
Samantha Costanzo, the newly appointed head of public finance at Huntington National Bank, sheds light on the challenges women face in the male-dominated financial services industry. Costanzo acknowledges the disparity in gender representation in finance, describing it as a “chicken and egg problem.” Despite the obstacles, she remains hopeful and believes in the power of
The spring housing market is typically a busy time, but recent data suggests a lackluster start to the season. Despite this being a prime time for home sales, mortgage demand remains stagnant. According to the Mortgage Bankers Association, application volume decreased by 0.7% last week compared to the previous week. This trend paints a bleak
Federal prosecutors have taken legal action to seize two upscale New York City apartments valued at $14 million, which are believed to have been purchased using funds obtained through a corrupt scheme connected to Mongolia’s significant copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, exposes a series of alleged illegal contracts totaling
City Controller Chris Hollins recently expressed his apprehensions regarding Houston’s ability to sustain the proposed settlement with its firefighters in the long term. While he acknowledged that the city could manage the immediate costs of the settlement, he emphasized the need for a revenue increase to prevent a growing structural budget gap. Hollins estimated that
In the midst of a challenging and competitive housing market, luxury vacation home co-ownership platform Pacaso has set out to revolutionize the way people experience second home ownership. Launched in 2020 with a focus on multimillion-dollar homes, Pacaso is now expanding its offerings to include properties with share prices starting as low as $200,000. This
Recently, Utah Governor Spencer Cox signed several pieces of legislation, including a measure aimed at preserving the state’s largest coal-fired power plant beyond its scheduled shutdown in 2025. Despite concerns raised by the Intermountain Power Agency (IPA), Cox remains optimistic about the future of the plant. However, IPA’s General Manager, Cameron Cowan, expressed reservations about
The recent $1.2 trillion spending bill that was passed by the U.S. Senate and signed by President Biden has left many in the municipal bond market disappointed. The bill, while ensuring the government remains funded, fails to address crucial legislative issues affecting the market. Despite flickers of hope for reforms on Low Income Housing Tax
Federal Reserve Governor Lisa Cook recently emphasized the importance of a cautious approach to cutting interest rates in the United States. The central bank has maintained its rates at a two-decade high, signaling a need for further evaluation before making any drastic changes. Cook highlighted the need for allowing more time for inflation to slow