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Transcripts For KVVU FOX5 News At 500pm 20160219

To around the corner from this home said they are renters, a person at the of the home said leavitt no longer owns the property. Its not clear whether or not leavitt is the only person subject to a criminal investigation, or if more raids could be coming. The fbi says so far there have been no arrests in connection with the raids. While we connected at least one person rick leavitt to all three locations. Its not clear how many people were subject to the seized documents. Fox5s Ophelia Young continues our Team Coverage in southwest las vegas at the raid location of a local Accounting Firm, linked to the other two locations and to that hoover dam audit. All day weve asked why the fbi is searching the Accounting Firm behind me ll bradford cpas. What connects the firm to Frederick Leavitt and the bureau of reclamation . The Southern California Public Power Authority confirms on the phone with me ll leavitt is a director was awarded some money to conduct an audit of the hoover dam. Heres w

Munis weaken, focus turns to large primary market

Several weeks of elevated supply should theoretically be "weighing more on performance, but the market is now just ahead of its largest reinvestment season, which so far in 2024 has become even more pronounced, with an additional $19.5 billion scheduled for call/redemption between [June 1 and August 30]," said Matt Fabian, a partner at Municipal Market Analytics.

Selling pressure mounts, muni yields spike

"While we acknowledge that the market tone is weaker [Monday], we are generally constructive regarding valuations and expect this week's supply to be absorbed fairly well after last week's giveback of the richening witnessed over prior weeks," said Vikram Rai, head of municipal markets strategy at Wells Fargo.

New-issue muni bond calendar is robust at +$12 billion

There are nearly 30 new-issues over $100 million on tap across the credit spectrum, led by the week's largest negotiated deal from Harris County, Texas, with $950 million of toll road first lien revenue and refunding bonds. The competitive calendar ticks up with several high-grade names.

Munis quiet before surge of new issuance

Munis quiet before surge of new issuance
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