Latest news with #Krieter
Yahoo
6 days ago
- General
- Yahoo
Illinois lawmakers pass bill to fine gun owners for improper storage
ROCKFORD, Ill. (WTVO) — The 'Safe Gun Storage Act' passed the Illinois General Assembly this week, a bill that would fine gun owners for not properly securing firearms. requires new rules for storing guns in homes where children and at-risk people are present. Gun owners could be fined anywhere from $500 if weapons are not securely stored to $10,000 if an unsecured weapon is used in a crime or suicide. Rep. John Cabello (R-Machesney Park) believes the bill criminalizes lawful gun owners. 'People are going to be so confused as to what they are supposed to do. And that's what this Democrat majority wants. They want to make more law-abiding gun owners criminals,' he said. Tyler Krieter, a member of the activist group Moms Demand Action, says the bill focuses on irresponsible gun owners. 'I hear the pushback from the other side because the other side thinks that always just coming after law-abiding citizens. And no, we're not. We're coming after people who are criminals, who are irresponsible with their guns,' said Krieter. He said the bill is based on data and studies. 'About 50% of gun owners don't securely lock all their firearms away here. And 82% of the teen suicides involve a gun that belonged to a family member, it says. It's not a left or right thing. It's statistics,' Krieter said. 'Almost every member of my family owns a gun here. We all agree with this bill here. It's going to help lower down suicides among teens. It's going to help cut down on irresponsible gun owners. If you are a responsible gun owner, you have nothing to worry about.' Cabello said he doesn't agree. 'The Democrats seem to just want to go after the law-abiding citizen in constantly making it harder and harder for folks to own weapons,' he said. Critics of the bill say they plan to challenge its constitutionality if Gov. Pritzker signs it into law. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
Corporate bond market has muted response to Moody's US rating downgrade
By Matt Tracy WASHINGTON (Reuters) -Moody's downgrade of the U.S. sovereign credit rating late Friday appeared to have a modest impact on corporate bond market activity on Monday, as spreads widened slightly and new bond sales started the week softer than expected. Late Friday, ratings agency Moody's announced a one-notch downgrade to the U.S. government's credit rating, at the same time changing its rating outlook from stable to negative. "This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns," Moody's wrote late Friday. The downgrade from Moody's follows similar moves from Fitch in 2023 and Standard & Poor's in 2011. Investment grade bond spreads widened modestly on Monday after the Friday ratings downgrade, according to Dan Krieter, head of fixed income strategy at BMO Capital Markets. The ICE BofA Corporate Index was roughly one basis point wider on the day while the High Yield Index was around five bps wider, Krieter noted. IG bond spreads had previously tightened two basis points to 93 bps to close Friday trading, according to the ICE BofA Corporate Bond Index. This is their tightest since March 27 before Trump's 'Liberation Day' tariffs. Junk bond spreads had tightened a modest 4 bps to 316bp late Friday, according to the ICE BofA High Yield Bond Index. At least six companies, including French bank Crédit Agricole and food services company Sodexo, announced bond offerings on Monday but there were some who decided to hold back any issuance, said one senior syndicate source. Monday issuance volume is likely to be less than $10 billion which was a slow start for a week that is expected to see $30 billion of new bond supply, according to Krieter. "So a bit lighter with some borrowers potentially wanting to see how the market reacted to the news," he said. "Given the muted response, I would expect (issuance) tomorrow to be large." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
