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Hanging in the Balance

March 22, 2016
FMS Financial Managers Update

The Federal Reserve may have finally gotten the ball rolling late last year with its first interest rate increase in years, but anyone anticipating a clearer, more predictable path going forward was likely nevertheless disappointed.

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Chicago Schools Lose Ground in State Capitol

March 4, 2016
Bond Buyer

Bondholders banking on the Chicago Public Schools’ ability to stabilize its rocky finances lost ground this week as the district’s labor woes intensified and lawmakers advanced an attack on its governance structure. “The news for bondholders is negative as it affirms the dysfunction at the state and local level,” said Brian Battle, director of trading at Performance Trust Capital Partners. The district has more than $6 billion of outstanding debt.

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