Yield Restriction Liability As we enter the waning days of 2023, it’s important to take some time to reflect on what we’ve accomplished. And for some issuers of tax-exempt bonds, on what we still have to accomplish. You see, as 2023 comes to a close, so too does the three-year temporary period for construction bonds …
Interest Rates Are On The Rise You’ve probably heard about rising interest rates in this country. Unless you’ve been on a year-long sabbatical in the Amazon. If so, welcome back. Early in 2022, the Federal Reserve, through its Federal Open Markets Committee (FOMC), began raising its federal funds target rate from near-zero levels. The federal …