News Results

The Tax Policy Center examined which cities and states would be the most affected if Congress eliminates the tax exemption.

Michael Melzer joined Nixon Peabody's Chicago office as a partner, bringing wide-ranging experience in public finance.

PITTSBURGH, March 14, 2025 /PRNewswire/ -- Federated Hermes (FHI), a global leader in active investing, today announced that Federated Hermes?MDT Mid Cap Growth Fund, Federated Hermes MDT All Cap Core Fund, Federated Hermes Conservative Municipal Microshort Fund and Federated Hermes Corporate Bond Strategy Portfolio were recognized by the 2025 LSEG Lipper Fund Awards for consistently strong risk-adju...

S&P Global Ratings analysts said they reviewed their entire rated California public utility portfolio before giving seven negative outlooks.

After digit-double cuts out long Wednesday, muni yields rose an additional two to four basis points, depending on the curve, on Thursday.

The Oversight Board's effort to confirm a "a legally infirm cramdown plan is patently flawed and will add years of litigation," the bondholders said.

While the White Lake, Michigan, township hack is the best-known and publicly disclosed cyberattack, there have been others. Some issuers and firms are reluctant to share these experiences publicly.

The U.S. Congress is considering eliminating the federal tax exemption for municipal bonds, the single most important financing tool for cities and towns across America. If they do, the cost of building and maintaining infrastructure ? roads, bridges, schools, water systems, and even broadband networks ? will skyrocket.

The Southeast has many of the largest ports and cargo airports in the country along with extensive foreign investment that creates exposure to trade turmoil.

KBRA assigns a long-term rating of AA to the Alaska Municipal Bond Bank Authority General Obligation and Refunding Bonds 2025 Series One and 2025 Series Two.

"The supply/demand dynamic is a headwind for the muni market this week as supply is expected to be elevated," said Cooper Howard, a fixed income strategist at Charles Schwab.

SEC probe relating to a cyberattack on a Michigan township's bond sale could involve looking into whether investors are getting an accurate picture of the issuer's credit risk, a former SEC enforcement attorney said.

A city-created corporation plans to issue bonds for the mass transit project, paid off with a voter-approved hike in the maintenance and operations property tax.

Court challenges to self-regulatory organizations may have the potential to trigger a financial crisis, a law professor warns.

Iowa is considering two bills to expand disaster assistance to local communities, including via a revolving loan fund that may be funded with bonds.

"The ever-shifting narrative regarding President Trump's tariff policies is throwing fuel on the fire of unpredictability," said SWBC's Chris Brigati.

KBRA assigns a long-term rating of AA- to the City of Austin, TX Airport System Revenue Refunding Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.

The BDA met last week ahead of the House Ways and Means launching talks on what the reconciliation tax package may include.

State Treasuer Brad Briner said he hopes a longer maximum maturity will lead more borrowers to use the state conduit instead of the Public Finance Authority.

Muni advocates are stepping up pressure on Congress to take the elimination of municipal bond tax exemption off the menu by exploring alternatives and providing numbers showing how short term gains will become long term losses.

The market rally "took a bit of a breather last week, with yields rising across the curve," said Daryl Clements, a portfolio manager at AllianceBernstein.

In 2017, the BDA hired a lobbying firm as Congress wrote a tax reform bill. This time, the group opted for a strategic communications firm.

A united Republican vote for the continuing resolution could indicate the GOP's ability to gather support for the more complex reconciliation bill.

Moody's Ratings has placed Washington D.C.'s credit rating on review for a possible downgrade for all debt classes due to the Trump administration's cuts to the federal workforce.

Maryland lawmakers proposed a new tax on business-to-business transactions to close a $3 billion budget gap amid the firing of thousands of federal employees.

The Board of Directors of BNY Mellon Municipal Income, Inc., a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund, a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund.

Glenn Hegar, the state comptroller since 2015, was chosen as the next chancellor for the Texas A&M University System by its board of regents.

"March is not an overly positive month for munis, but a lot will depend on U.S. Treasuries," said Barclays (JJCTF) strategist Mikhail Foux.

http://archive.fast-edgar.com/20250307/AVLDRG2CZC22PZZU222P2ZZZD3OWZEY2Z272 Filed on: March 7, 2025.

Macquarie Asset Management has introduced the Macquarie National High-Yield Municipal Bond ETF (HTAX) , an actively managed fund that aims to maximize returns through an income-driven, risk-controlled approach.

http://archive.fast-edgar.com/20250307/AV2L322CZZ2RJTZZ2R9M2ZYKLNODZZ22Z272 Filed on: March 7, 2025.

The U.S. Department of Transportation is signaling a change in infrastructure emphasis by pressing the District of Columbia to address safety issues on the city's streets while also pushing Amtrak and WMATA to boost security and curtail fare evasion.

The MSRB said its board at a previously scheduled meeting Thursday authorized the filing of further amendments to Rule G-14 .

The $550 million deal from an issuer with two triple-A ratings includes about $250 million for refunding and an $85 million taxable piece.

Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake.

The bankruptcy judge planned a hearing on the topic for March 19.

A district judge in Rhode Island issued a second order telling the administration to halt its grant freeze, saying his first order is not being followed.

"Markets fixate on one risk at a time, and there's no shortage right now. Volatility has spiked, liquidity is thin, and buyers are sidelined ? but that's temporary," said James Pruskowski, chief investment officer at 16Rock Asset Management.

Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of up to $25.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022A-2 to be issued under an indenture between the Issuer and the bond trustee, dated as...

Investors like the 10-year area of the curve because "if they're buying duration, the tax-exempt market is usually going to be one of the best places to buy," said Wesly Pate, a senior portfolio manager at Income Research + Management.