Positive liquidity metrics from metropolitan banks have brightened the city finance forecast. Tier-1 capital ratios remain above regulatory requirements, suggesting resilience against macroeconomic headwinds. Blackwell and Knight, along with Joyner, at the time were in the minority on the council. Final approval will be given at the next Monday’s City Council meeting. Sector rotation is becoming evident in city finance, with hedge funds trimming positions in transport-linked REITs and increasing exposure to fintech players servicing municipal loans. Price-to-earnings ratios remain extended compared to five-year averages.
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