S&P Global Ratings dropped Los Angeles' ratings and assigned a negative outlook, citing a "weakening financial position and an emerging structural imbalance."
"Easing tariffs, a slowing economy and an improved supply/demand outlook for munis in May and onward should drive muni market pricing going forward," BofA strategists said.
MSRB appreciates "the robust stakeholder engagement and response" to its requests for feedback on both the rate card and a municipal fund securities concept release, Board Chair Bo Daniels said.
The city of Los Angeles and its Department of Water and Power face Palisades Fire-driven lawsuits from some 776 plaintiffs, according to the offering document.
IRVING, Texas, April 25, 2025 ?Commercial Metals Company (CMC) plans to launch a proposed tax-exempt bond financing today in the amount of $150.0 million. In connection with the proposed financing, the West Virginia Economic Development Authority authorized the issuance and sale of Solid Waste Disposal Facility Revenue Bonds, Series 2025.
Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.
Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.
A mix of pay-as-you-go, bond proceeds and federal grants bolster the infrastructure of Mobile, Alabama, which is getting a new arena, air terminal and bridge.
KBRA assigns a long-term rating of AA+, with a Stable Outlook, to the Harris County Hospital District, TX Limited Tax Bonds, Series 2025. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
NOTABLE ITEMS FOR THE QUARTER INCLUDE: WOODBRIDGE, N.J., April 23, 2025 -- Northfield Bancorp (NFBK), INC.,?the holding company for Northfield Bank, reported net income of $7.9 million, or $0.19 per diluted share, for the three months ended March 31, 2025, compared to $11.3 million, or $0.27 per diluted share, for the three months ended December?31, 2024, and $6.2 million, or $0.15 per diluted share, ...
Four teams of University of Chicago Public Policy students presented their answer to the challenge: What can the city do to create a thriving downtown?
Muni yields may "continue to stay elevated due to supply and demand factors," rather than concerns over credit quality, said Cooper Howard, a fixed income strategist at Charles Schwab.
As the municipal bond community rallies around protecting the tax-exempt status of munis, alternative viewpoints emerge for why it should be eliminated.
The FHWA said it would start withholding project funds from Manhattan next month and later expand to other areas if the state refuses to halt its tolling program.
Legislation signed into law will place $500 million of general obligation bonds and a constitutional amendment for economic development districts on the ballot.
The Port Authority of Kansas City will decide whether to authorize $10 billion of taxable revenue bonds on behalf of a data center project with Google (GOOG) links.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0380 per share of common stock, payable on June 2, 2025 to shareholders of record at the close of business on May 16, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Unrated Colorado Educational and Cultural Facilities Authority bonds will finance the purchase of the hotel that inspired Stephen King to write 'The Shining.'
LAFAYETTE, La., April 21, 2025 Home Bancorp, Inc. (HBCP), the parent company for Home Bank, N.A., reported financial results for the first quarter of 2025. John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. ?First Quarter 2025 Highlights Loans Loans totaled $2.7 billion at March 31, 2025, up $29.1 million, or 1.1%, from December 31, 2024.
Monday saw a reversal from the past week as muni yields rose three to 10 basis points, depending on the curve. Despite this, Monday's losses were not enough to erase last week's gains as yields are still lower than they were two weeks ago.
Fourteen percent of the state bills would create an electric vehicle fee, and Republicans in Congress have floated their own national EV fee to shore up the Highway Trust Fund.
Congress has hit the pause on Washington, D.C.'s budget process as a framework for transforming the RFK Stadium site into a viable $3.2 billion NFL venue emerges including the possibility of tapping $856 million in public funds.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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