Municipals were firmer Tuesday, underperforming a U.S. Treasury flight-to-safety rally. Equities ended in the black. Triple-A muni yields fell up to 10 basis points while USTs rallied upwards of 15 basis points. The two-year muni-to-Treasury ratio Tuesday was at 73%, the three-year was at 73%, the five-year at 74%, the 10-year at 75% and the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Israeli military bombarded more than 200 targets in the Gaza Strip overnight and said it had secured its border with the enclave, three days after an incursion by Hamas triggered the worst war on
Texas is home to several rapidly growing cities, such as Austin whose population rose by more than a fifth (21.7%) from 2010’s 790,390 to 2020’s 961,855; San Antonio whose population rose by 8.1% over the same 10-year period, from 1.33 million to 1.43 million; and Houston whose population rose by 9.8%, from just under 2.1
A year after it was launched, the U.S. Conference of Mayor’s public-private partnership task force held its inaugural roundtable conference this week in Atlanta. “Our first public-private partnerships council meeting laid the groundwork for our objectives in the years to come,” said Atlanta Mayor Andre Dickens, who was tapped last year to head up the council.
The muni market may be several years away from fully integrating artificial intelligence, but firms are taking small steps already. “AI is a big deal if you want to personalize your approach, differentiate your products,” James Pruskowski, chief investment officer of 16Rock Asset Management, said during MuniTech NYC, a conference hosted by Munichain and Spline
Stay informed with free updates Simply sign up to the Israeli-Palestinian conflict myFT Digest — delivered directly to your inbox. Benjamin Netanyahu warned that Israel faced a “long and difficult war”, as its forces continued to wage gun battles with Palestinian militants on Sunday morning following the unprecedented multipronged attack by Hamas that stunned the
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic,
The largest health-care strike in U.S. history hit Kaiser Permanente Wednesday, putting investors who buy and sell hospital bonds on edge as an industry that’s already experienced more than its share of distress struggles to stabilize financially. Kaiser has almost $4 billion in outstanding municipal-bond debt, according to Bloomberg data, including $1 billion in so-called