News Results

Bonding should increase in the next few years to address aged state and local infrastructure, Moody's Vice President Dan Seymour said.

A California Department of Water Resources issuance, based on a resolution extending contracts with water agency customers, drew strong demand.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

Amplify ETFs, a leading provider of breakthrough ETF solutions, announces the filing of the Amplify Municipal CEF High Income ETF. The Amplify Municipal CEF High Income ETF seeks investment results that generally correspond to the price and yield of the Nasdaq Municipal Bond CEF High Income? Index.

Currently, munis are largely operating "in their own world" ? ignoring rich valuations and upcoming supply, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital, in a report.

The Indiana House has passed legislation that would eliminate an estimated 164 townships across the state through consolidation.

The statutory watchdog requirement that arrived with Proposition 39 has not delivered on its promise ? and the Legislature has authority to try something better.

State lawmakers introduced bills to eliminate sales tax exemptions and tax credits for data centers and mandate public disclosure of water and electricity use.

Muni SMAs now hold an estimated $1.3 trillion in assets under management across around 180 managers, per J.P. Morgan. Meanwhile, ETF muni holdings are at $163.1 billion, up 22.4% year-over-year, as of the third quarter of 2025, according to the latest Federal Reserve data.

"The bond market marked down the odds of rate cuts after the release," said FHN Financial Chief Economist Chris Low. "The fact long yields are still lower than two days ago suggests traders are skeptical of the quality of the employment data but are confident the Fed will use it as a reason to keep rates steady," he said.

Longtime Columbus auditor Hugh Dorrian died Feb. 6. He was widely respected for his dedication to public service, transparency and timely audits.

The price drops follow a lawsuit filed Friday by bondholders alleging the mall's owners colluded with the city of East Rutherford to lower the property assessment.

The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.

Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.

The prepaid gas sector, once a small niche sector in the muni market, has grown exponentially over the years, with issuance reaching a record $31.4 billion in 2025.

Tuesday was a particularly heavy day of supply at an estimated $7.5 billion, per J.P. Morgan strategists.

The competitive bond sale comes after the triple-A-rated city received a negative outlook from S&P over the use of reserves to ease budget pressures.

Federal grants and loans account for $15 billion of the $16 billion Hudson Tunnels project.

The state transportation commission expects to tap into $1.5 billion of revenue bond authorization with two deals totaling $350 million this year.

An Oregon senator introduced legislation to create a $600 million Moda Center renovation package involving state, city and county government.

The city of Olathe and the Unified Government of Wyandotte County-Kansas City, Kansas, signaled support for a state bond plan to move the team from Missouri.

This week's expected elevated $12.6 billion in supply" "coincides with a recent uptick in secondary offerings ? and may skim some froth from the market, particularly where spreads have hit one-year tights," said J.P. Morgan strategists led by Peter DeGroot.

The lawsuits argue that the owner of American Dream and East Rutherford, New Jersey, which sets tax assessments for the mall, colluded to depress its valuation.

The downgrade reflects ongoing underperformance in ridership and revenues relative to Kroll's expectations.

The Illinois Municipal Electric Agency hasn't lost Naperville yet, but the city council withdrew from contract extension negotiations last week.

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $224 million offering from Virginia Beach, Va., records a Flood Score of 4.2 out of 5.0, ICE reports.

The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.

Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.

The rating agency cited weak operating results and high leverage.

The era of "announcement" is over; the era of "execution" is here.

Piper Sandler (PIPR) will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.

Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.

Munis enter this year with "strong credit fundamentals, elevated tax-equivalent yields, and a steeper curve that supports duration extension," said James Welch, municipal portfolio manager at Principal Asset Management.

The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.

A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.

Proceeds will help finance late stages of construction of city hall.

A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.

RAPID CITY, S.D., Feb. 04, 2026 -- Black Hills Corp. (BKH) today announced financial results for the fourth quarter ended Dec. 31, 2025. __________________________ During the three and twelve months ended Dec. 31, 2025, Black Hills incurred costs of $0.02 per share and $0.12 per share, respectively, related to the pending merger with NorthWestern Energy.

Yields have seen "intermittent volatility from broader macro and geopolitical crosscurrents, keeping sentiment cautious despite relatively muted headline moves," said James Pruskowski, managing director at Hennion & Walsh.

In rural areas, "even modest rate increases can force low-income households to choose between water service and other basic necessities," Matt Odermann from the National Rural Water Association told senators Wednesday.