Investors voted to alter the rate used to calculate coupon payments to the SOFR.
The Hollywood screenwriters strike will have little direct impact on state and municipal finances, but watch out for any spinoffs.
Yields on tax-exempt municipal bonds have touched their highs for the year.
The market for new preferred shares in the U.S. is reopening after a near half-year freeze.
Credit Suisse additional tier 1 bondholders are furious after UBS Group AG said it won’t need state support for its rescue deal, arguing that their wiped out notes should have…
“The increased volatility in the marketplace and the increase in the yield environment means there’s definitely more risk to a competitive underwriting than in less volatile circumstances,” said Pat Luby,…