Rising bond yields and higher inflation leave the Fed trapped in a rate-hike dilemma

NYC Private School for Boys With Autism Taps Munis for Expansion

NYC Private School for Boys With Autism Taps Munis for Expansion A religious private school for boys who have been diagnosed with autism or other disabilities is tapping the municipal bond market to build a new campus. Hadran Academy, a grade 6 to 12 school, plans to issue about $56 million in tax-exempt revenue bonds and roughly $3.7 million in taxable debt on Thursday through Build NYC Resource Corporation, according to bond documents.

3 things that are driving inflation higher

Struggling with elevated prices? You don’t have to look much further than your local gas station.

A elite empresarial busca aproximação com Flávio Bolsonaro

US Private Credit Stress Masked by Growing PIK Use, Moody’s Says

US Private Credit Stress Masked by Growing PIK Use, Moody’s Says Borrowers in the US private debt market are using delayed interest payments and maturity extensions to avoid default, potentially masking the overall extent of credit stress, according to Moody’s Ratings. The default rate among 607 private credit borrowers assessed by Moody’s stood at 4% in the 12 months to June. That figure rose to 5.8% when payment-in-kind amendments and maturity extensions among distressed issuers were taken...