Muni Bond Refinancing Wave Bolstered by Fed Interest Rate Cuts [Yahoo! Finance]
Siebert Financial Corp. (SIEB)
US:NASDAQ Investor Relations:
siebertnet.com
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Source: Yahoo! Finance
Most Read from Bloomberg Municipal bonds sold only to refund existing debt have topped $66 billion so far this year, an increase of nearly three-quarters from the same pace in 2023. Those deals represent nearly 20% of all state and local government debt sales, the largest share since 2021 — a year when 10-year municipal bond yields dropped below 1%, according to data compiled by Bloomberg. “The refunding surge started around the beginning of the summer when there were more clear indications of where the interest-rate direction is going,” said Alice Cheng, vice president and municipal credit analyst at Janney Montgomery Scott. “Working with issuers and bankers, I know that everybody is looking at any opportunities for refunding.” The reopened window is a win for governments who have had limited refinancing opportunities since the Fed started raising interest rates in 2022. And such sales can save cities, states and towns major cash. Chicago, for example, estimates it can reclaim
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SIEB
News
- Siebert Financial Corp. (NASDAQ: SIEB) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Siebert Financial Third Quarter 2024 Earnings: EPS: US$0.096 (vs US$0.07 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Siebert Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Siebert Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Siebert Financial Corp. (NASDAQ: SIEB) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SIEB
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/5/24 - Form 8-K
- SIEB's page on the SEC website