Raymond James has been on a hiring spree for its public finance division for years.
Yields on the global funding benchmark have fallen nearly 30 basis points from this year's peak.
Bonds are back as an income producer, and equity markets have reasonable valuations through a long-term lens.
Goldman's Marcus and others raised the yield for savers as the Fed hiked interest rates. Now, the tax bills are coming due.
Investors are betting that short-term interest rates will remain elevated for longer than many anticipated.
Traders boosted bets on a June rate cut after the Fed chairman's comments.
Investors piled into the bond sale despite the university's recent controversies.
The proposed bond aims to address a housing shortage of more than three million units.
The near-parity in the two types of debt is unprecedented in data going back to the 1970s.
The biggest chunk of the money will go toward affordable housing projects.
The market retreat comes as regulators start to erect guardrails around ESG labeling.
Investors that expect rate cuts this year are dialing up exposure to the world's biggest bond market.
The company says investors may be looking for more compensation for holding longer-term bonds.
The Allspring Core Plus Bond Fund is positioned to take advantage of the changing interest rate environment.
Orion Advisor Solutions said it's part of an effort to meet the needs of high-net-worth clients.
The so-called core personal consumption expenditures price index increased 0.4% from December.
Even consumers with healthy finances are struggling to secure approval for automobile purchases.
For the first time in over two decades, it's cheaper to sell shares than issue debt. Will corporations take advantage?
Fund managers in this market are often valuing their loans more generously than others do.
The gap between stock market winners and laggards has widened since 2020, the firm's analysts say.