Municipal bonds continue to ignore UST and ICI reports $2.67 billion of inflows. While CPI should stay soft through the first quarter, expectations for future inflation should be considered.
The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.
The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program.
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