Category: Municipal Bond Credit Report
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Municipal Bond Credit Report: Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline… Link to Story
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Municipal Bond Credit Report: Illinois and California have largest unfunded pension liabilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California and Illinois are the largest contributors to an expected $1.3 trillion in unfunded pension liabilities for the 50 states in fiscal 2023, according to a Reason Foundation study… Link to Story
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Municipal Bond Credit Report: Muni Funds That Use Borrowed Money Take a Big Hit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Some municipal-bond funds are suffering their worst stretch since the 2008-09 financial crisis, an acute example of how two years of rising interest rates have slammed investors’ portfolios… Link to Story
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Municipal Bond Credit Report: Bankrupt Arizona sports venue attracts no qualified bidders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt Arizona participant sports venue received no qualified bids by last week’s deadline, although other parties are interested in purchasing the venue as the financing to keep it operating nears its end… Link to Story
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Municipal Bond Credit Report: Higher education’s struggles in West Virginia underscore national trend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Universities across the U.S. welcomed students this school year with trimmed budgets and fewer program offerings, changes implemented to stay afloat as enrollment and tuition remain depressed… Link to Story
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Municipal Bond Credit Report: Hiring Surge Sends Bond Yields Even Higher
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Surging U.S. job growth shattered investors’ expectations in the latest sign of accelerating economic momentum, stoking a brisk bond market selloff that is sending longer-term borrowing rates to new 16-year highs… Link to Story
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Municipal Bond Credit Report: Owners of defaulted Arizona sports venue debt may have additional claims
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bondholders may have actionable claims related to the sale of now-defaulted debt that financed an Arizona participant sports venue for Legacy Cares Inc., which filed for bankruptcy in May, according to a disclosure notice… Link to Story
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Municipal Bond Credit Report: Underlying Prices Cooled in August, Giving the Fed More Evidence of Softer Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Underlying inflation cooled notably this summer, with the latest report notching a third consecutive month of slower price pressures. If that continues this fall, it would strengthen the case for the Federal Reserve to stop raising interest rates… Link to Story
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Municipal Bond Credit Report: GDPNow- Federal Reserve Bank of Atlanta
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 4.9 percent on September 27, unchanged from September 19 after rounding.. Link to Story
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Municipal Bond Credit Report: Autoworkers strike exposes Michigan’s continued reliance on gas-powered vehicles
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The United Auto Workers’ strike against three big U.S. automakers, even if successful, won’t do much to reduce Michigan’s reliance on traditional gasoline-powered vehicles, a report released this week by Moody’s Investors Service says… Link to Story