Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Jobless Claims Rose Last Week, Pausing Downward Trend
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Worker filings for initial unemployment benefits rose last week for the first time since late April but remained near a pandemic low as the labor market continues to heal from the impact of Covid-19… Link to Story
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Municipal Bond Credit Report: Fed Reverse Repos Surge to Record of $756 Billion After Rate Tweak
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A day after the Federal Reserve boosted the return on a key part of its interest rate control tool kit, a record $756 billion flowed into the central bank’s reverse repo facility on Thursday… Link to Story
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Municipal Bond Credit Report: Red-Hot U.S. Economy Drives Global Inflation, Forcing Foreign Banks to Act
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A booming U.S. economy that is driving inflation higher around the world and pushing up the U.S. dollar is pressing some central banks to increase interest rates, despite still-high levels of Covid-19 infections and incomplete economic recoveries in their own countries… Link to Story
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Municipal Bond Credit Report: Michigan tees up Flint water settlement deal with outlook boost in tow
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Michigan takes a milestone step next week toward resolving litigation over its failures that contributed to the Flint water contamination crisis with its $604 million taxable borrowing to cover settlement costs… Link to Story
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Municipal Bond Credit Report: U.S. Producer Prices Rose Strongly in May, Adding to Inflation Pressures
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The prices that suppliers are charging businesses and other customers rose again last month, adding to inflation pressures bubbling through the U.S. economy… Link to Story
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Municipal Bond Credit Report: Retail Sales Dropped 1.3% in May as Pandemic Shopping Habits Shifted
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Retail sales dropped in May, marking a shift in consumer spending from big-ticket items to goods and services related to going out amid business reopenings and higher vaccination rates… Link to Story
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Municipal Bond Credit Report: Florida misses deadline on federal schools money
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida is among 21 states that have not submitted plans to the U.S. Department of Education detailing how they intend to use the latest round of federal stimulus funds earmarked for schools… Link to Story
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Municipal Bond Credit Report: The Pandemic Supercharged the Corporate Debt Boom
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Before the pandemic, U.S. companies were borrowing heavily at low interest rates. When Covid-19 lockdowns triggered a recession, they didn’t pull back. They borrowed even more and soon paid even less… Link to Story
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Municipal Bond Credit Report: Fed Officials Could Pencil In Earlier Rate Increase at Meeting
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials could signal this week that they anticipate raising interest rates sooner than previously expected following a spate of high inflation readings… Link to Story
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Municipal Bond Credit Report: Chicago Park District pension revamp takes fund off road to insolvency
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Chicago Park District pension funding overhaul approved by lawmakers moves the fund off a path to insolvency to a full funding target in 35 years, with bonding authority… Link to Story