News Results

Loren McDougall will help Birch Creek launch high-yield-focused separately managed accounts.

Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.

RAPID CITY, S.D., Nov. 05, 2025 -- Black Hills Corp. (BKH) today announced financial results for the third quarter ended Sept. 30, 2025. Third quarter GAAP EPS was $0.34 compared to $0.35 in 2024. Year-to-date GAAP EPS was $2.58 compared to $2.52 in the same period in 2024.

While the market navigates a surge in supply, another focus area has become elections and their potential to shift market demand, as several regional election results will likely garner greater attention over the next few months, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

City and state law mean it's unlikely that Mamdani will be able to enact the parts of his agenda that would have major impacts on the city's credit.?

An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.

The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.

The federal budget bill lowered the percentage of private-activity bonds needed for affordable housing projects to qualify for 4% tax credits, but it hasn't been the boon expected.

KBRA assigns an A+ long-term rating to the City of Chicago, Illinois Chicago O'Hare International Airport Senior Lien Revenue Bonds Series 2025E, Series 2025F, and Series 2025G.

Municipal market professionals aren't confident that state and local governments will invest in resilient infrastructure over the next five years.

Illinois' General Assembly passed a bill that provides both governance reforms sought by lawmakers and funding to avert a Chicago transit fiscal cliff.

A rundown of the largest bond referendums.

Tuesday saw a good slate of deals, including the acceleration of Ohio's $508.865 million of GOs and Austin's $419.035 million of electric utility system revenue refunding bonds.

Moody's revised the outlook on the Chicago Board of Education to stable from positive on Monday.

Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.

House Republicans hope to mark up the next surface transportation bill early next year.

Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.

Concerns over the Texas city's future water supply after a desalination project was terminated, led to negative rating outlooks from Fitch and S&P.

Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.

Blackrock Taxable Municipal Bond Trust (BBN): * DISTRIBUTION DATES AND AMOUNTS ANNOUNCED FOR CERTAIN BLACKROCK CLOSED-END FUNDS Source text: Further company coverage:

"Normalized supply, a supportive rate environment and favorable technicals propelled the municipal market to the best October performance [in decades]," said Robert J. Lind.

Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.

As climate and cybersecurity risks intensify, Jeff Lipton argues it's time for the legal community to lead a new era of municipal disclosure ? tightening language, clarifying exposures, and ensuring investor confidence.

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Hurricane Scores, according to ICE Climate Data. A $6 million offering from Polk, Iowa, records a Flood Score of 4.8 out of 5.0, ICE reports.

Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.

CHICAGO, Nov. 2, 2025 Ziegler, a specialty investment bank, is pleased to announce the successful closing of Frasier's $44,140,000 Series 2025A Bonds through the Colorado Health Facilities Authority. Frasier Meadows Manor, Inc. is a Colorado not-for-profit founded in 1956 in Boulder. Frasier maintains a very robust 742-household waiting list.

KBRA assigns a long-term rating of AA+ to Travis County Hospital District's Series 2025 Certificates of Obligation and affirms outstanding parity COs at AA+, all with a Stable Outlook.

Next week's issuance is slated to be "substantial" ? an estimated $13.1 billion ? although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.

The rating agency expects the school to post an operating deficit this year.

Issuance year-to-date is $493.063 billion, up 9.3% from $451.079 billion over the same period. With issuance estimated at $13.118 billion in the first week of November, 2024's $500-plus billion record should fall within the next week or two.

The school system, which has an AA underlying bond rating from S&P, was targeted by the Texas Education Agency for a takeover based on academic performance.

As more states move towards resetting their Congressional districts questions arise over how redistricting will affect the balance of power and eventually tax policy.

Franklin Templeton upped the ante in its ETF expansion with five new municipal bond funds each offering a different flavor of tax-free income for investors navigating an uncertain rate environment.

CHICAGO, Oct. 31, 2025 Ziegler is pleased to announce the successful closing of Brio Living Services' $113,500,000 Series 2025 Bank Direct Placement Draw Down Bonds. Brio Living Services is a Michigan-based 501 not-for-profit senior living and aging services organization.

In a deal completed on Oct. 27, the asset manager merged its JPMorgan National Municipal Income Fund into the JPMorgan Municipal ETF. The merger immediately made JMUB the biggest active municipal bond ETF in the United States with $5.8 billion in assets under management, according to the company.

Municipal Capital Markets Group and CSG Advisors were new entrants to the top 10, kicking Caine Mitter and Estrada Hinojosa into the top 15.

The Los Angeles Department of Water and Power will sell $977.6 million of water revenue bonds as it grapples with the impacts of January's devastating wildfire.

Technicals are supposed to become slightly more favorable into year-end, said Jeremy Holtz, a portfolio manager at Income Research + Management.

BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.

Chicago Public Schools went to market this week with nearly $1.1 billion of refunding bonds in the largest municipal transaction the district ever completed.