Byline: Gary Siegel The Treasury Department Tuesday auctioned $20 billion of four-week bills at a 1.300% high yield, a price of 99.898889. The coupon equivalent was 1.319%. The bid-to-cover ratio was 3.04. Tenders at the high rate were allotted 4.58%. The median rate was 0.930%. The low rate was ... (Publication: The Bond Buyer)
↧
Treasury 4-Weeks Auctioned at 1.300% High Yield on Sept. 5
↧
Municipals Strengthen Ahead of $3.9B New Issue Calendar
Byline: Chip Barnett Top-rated municipal bonds were stronger at mid-session according to traders who were returning to their desks on Tuesday and looking ahead to the week's lighter-than-average holiday week calendar. Volume for the week is estimated at $3.86 billion, consisting of $3.03 billion of ... (Publication: The Bond Buyer)
↧
↧
N.Y. Gov. Cuomo Announces 2017 Carey Gabay Scholarship Winners
Byline: Chip Barnett Five winners of the Carey Gabay scholarship program were announced on Monday, New York Gov. Andrew Cuomo announced. The scholarship program was created to honor the legacy of Carey Gabay, an attorney and public servant, who was tragically killed in September 2015 at the age of ... (Publication: The Bond Buyer)
↧
High Court Ruling Means Churches Have New Opportunities to Issue Tax-Exempt Bonds
Byline: Brian Tumulty WASHINGTON -- Churches may have new opportunities for tax-exempt bond financing of secular projects such as gymnasiums and cafeterias because of a recent U.S. Supreme Court decision saying Missouri could not deny a grant for a playground owned by a Lutheran church, bond ... (Publication: The Bond Buyer)
↧
NOW Money Closes $1.46 Million Bridge Funding Round
NOW Money has closed its bridge funding round with a total of $1.46 million and this funding round includes $700,000 from Dubai-based Venture Capital firm, Myrisoph Capital. Other contributions have come from private investors and MENA-based women's investor network WAIN. Myrisoph Capital focuses ... (Publication: CPI Financial)
↧
↧
Mashreq Bank to Deploy NCR Tablet and Video Banking Technology
The bank is United Arab Emirates' first financial institution to implement NCR Interactive Teller, Banker solutions to better engage customers. NCR Corporation (NYSE: NCR), a global leader in omnichannel solutions today announced that Mashreq Bank will revamp its banking services in the country ... (Publication: CPI Financial)
↧
DED-Ajman Reports Four per Cent of Total Economic Licences Compatible with ISIC4
span style="font-size: small;">A record four per cent of the total economic licences issued in Ajman are already compatible with the international reference classification of the UN Secretariat's Department of Economic and Social Affairs, only a week after rolling out its International Standard ... (Publication: CPI Financial)
↧
Kashkari: Rate Hikes May Be Doing Harm
Byline: Gary Siegel The Federal Reserve's rate hikes over the past year and a half may be harming the economy, Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday. "Maybe our rate hikes are actually doing real harm to the economy," Kashkari said in a live streamed question and ... (Publication: The Bond Buyer)
↧
Brainard Wants Caution on Rates until Inflation Rises
Byline: Gary Siegel The Federal Open Market Committee must be confident inflation will rise to the 2% target before raising interest rates again, Gov. Lael Brainard said Tuesday. "Once balance sheet normalization is under way, I will be looking closely at the evolution of inflation before making a ... (Publication: The Bond Buyer)
↧
↧
Commercial Bank of Dubai Upgrades Core Banking System with ITS
International Turnkey Systems (ITS), provider of comprehensive Shari'ah-compliant financial solutions, has announced the successful package upgrade of PHOENIX Core Banking system to the latest version of ETHIX-Core Banking solution for the Commercial Bank of Dubai (CBD). The upgrade facilitates the ... (Publication: CPI Financial)
↧
Title III Judge Is Prioritizing GO-COFINA Dispute
Byline: Robert Slavin Puerto Rico Title III bankruptcy judge Laura Taylor Swain has decided to address the dispute between Puerto Rico and the Puerto Rico Sales Tax Financing Corp. bondholders prior to other Title III matters, according to a bondholder source. In this way, bondholder challenges to ... (Publication: The Bond Buyer)
↧
S&P Hires Marian Zucker to Lead Public Finance Housing Group
Byline: Andrew Coen Marian Zucker was tapped by S&P Global Ratings to lead its U.S. Public Finance Housing group. S&P announced in an internal memo obtained by The Bond Buyer that Zucker has joined its public finance team as a sector leader for U.S. Public Finance Housing based in New York. Sector ... (Publication: The Bond Buyer)
↧
MEAG Power Needs $1.4 Billion to Complete Georgia Nuclear Reactors
Byline: Shelly Sigo BRADENTON, Fla. -- The Municipal Electric Authority of Georgia will need $1.4 billion in additional financing to complete its share of two nuclear reactors under construction at Plant Vogtle. MEAG Power expects about $985.3 million will be financed in the public capital markets, ... (Publication: The Bond Buyer)
↧
↧
Munis Adapting to E-Trading, but Slowly
Byline: Aaron Weitzman Municipal bonds still lag behind corporates in electronic trading, two years after a prod from the Municipal Securities Rulemaking Board to take advantage of the technology to meet best price, execution, transparency, and liquidity goals. However, muni pros said the movement ... (Publication: The Bond Buyer)
↧
Father/daughter Recruiting Team Has a Unique View of the Municipal Bond Industry
Byline: Keeley Webster LOS ANGELES -- Erin Baggott never dreamed of being a public finance recruiter. That was her father, Richard's, job. "Growing up, I had no idea what a bond was and little interest in anything that involved finance or numbers," Erin said. She ultimately changed course, joining ... (Publication: The Bond Buyer)
↧
Bank Nizwa Upgrades Digital Transactions with 3D Secure Solution
Bank Nizwa has improved its digital transactions with the enhanced '3D Secure' feature to all of its MasterCard credit cards to add an additional layer of security for online shoppers. Designed to support the MasterCard SecureCode system, 3D Secure uses One-Time-Passwords (OTP) to combat fraud and ... (Publication: CPI Financial)
↧
RAKBANK Hosts Happiness without Borders Workshop
RAKBANK recently hosted the 'Happiness without Borders' workshop at its headquarters in Dubai Silicon Oasis, which brought together Chief Happiness and Positivity Ministers from various governmental entities. This was an important milestone as it follows the general trajectory of the UAE in its ... (Publication: CPI Financial)
↧
↧
Muni Market Set for $3.9B Calendar
Byline: Chip Barnett Municipal bond traders were returning to their desks on Tuesday and looking ahead to the week's lighter-than-average holiday week calendar. Volume for the week is estimated at $3.86 billion, consisting of $3.03 billion of negotiated deals and $828.2 million of competitive ... (Publication: The Bond Buyer)
↧
Emirates NBD UAE PMI: Non-Oil Private Sector Growth at 30-Month High
Growth in the UAE non-oil private sector economy climbed to the fastest pace seen since February 2015, bolstered by sharp expansions in new orders and output. New export orders rose for the first time in three months, with other GCC countries being mentioned as key sources of international demand. ... (Publication: CPI Financial)
↧
Emirates NBD Egypt PMI: New Export Orders Rise Sharply during August
The downturn in the non-oil private sector lost impetus in August as signalled by the PMI rising to the joint-highest mark in 23 months. Output fell at the joint-weakest rate in the current 23-month period of contraction. A fractional decline in new orders was recorded, while new export work ... (Publication: CPI Financial)
↧