News Results

Month-to-date returns for municipals are in the red with the Bloomberg Fixed Income Indices municipal index returning -0.12%, high-yield at -0.15% and taxables at -0.32%.

Public finance issuers are taking an increased interest in the applications of blockchain and distributed ledger technology, and it is entering the market in multiple ways.

Cities and representatives from the National Urban League said the infrastructure bill would be a huge boost for cities and underserved neighborhoods.

Judge Swain said she would rule on Sept. 30 on extending the Oct. 4 deadline for voting.

William Estes has overseen multibillion-dollar design-build and infrastructure developments for government agencies in New York.

As two women compete for the city's top office, a ballot measure with big ramifications for its finances will also shape its future.

U.S. Treasuries sold off by double digits while municipals cut levels by one to three basis points. Refinitiv Lipper reported another $1.55 billion of inflows for the 29th consecutive week.

A firm and its two principals have been charged for an improper fee-splitting arrangement under the relatively new regulatory regime for municipal advisors.

The city's high leverage drew a two-notch Moody's (MCO) downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.

The country's digital divide and ailing water infrastructure would see boosts in bipartisan infrastructure bill up for House vote as soon as Monday.

Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

Making the Federal Reserve's Municipal Liquidity Facility a permanent emergency lending program would be ?valuable and forward thinking," Connecticut Treasurer Shawn Wooden told a House subcommittee.

Municipals continue to stay in their own lane. ICI reported $1.4 billion of inflows in the 28th consecutive week.

Nathan Coco and Megan Preusker joined the firm this month, deepening the expertise offered by the firm's bankruptcy and restructuring practice.

Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

Citi's muni strategy group had worried that a proposed 3% surcharge in the reconciliation bill would apply to tax-exempt interest, but now feels differently.

New leaders could create a joint blueprint while sidestepping another fiscal cliff, said Peter Goldmark, a major player when the city nearly went bankrupt.

The authority's officials have adjusted to the hit from COVID-19 through toll hikes, capital plan reductions and lines of credit.

The House is expected to approve a stopgap funding measure that suspends the debt ceiling and marks one of several partisan showdowns ahead of the looming fiscal year-end.

Data released Tuesday reflected a murky picture on the strength of the economy, but the market?s eyes were fixed on the Federal Reserve?s policy meeting in Washington, D.C.

Mayor Lori Lightfoot wants to use $1.3 billion of the city's $1.9 billion in coronavirus relief aid to make up for lost revenues.

* S&P SAYS HAWAII GO DEBT OUTLOOK REVISED TO STABLE FROM NEGATIVE ON STRONGER ECONOMIC MOMENTUM.

A superior court judge has granted the relator a small victory in a long fought case of alleged false claims, fraud and collusion.

Tax exempt coupon income may be included in a proposed 3% high income surcharge in the reconciliation bill, Citi says

The government is also hoping an outside company will take over the Limetree oil refinery in St. Croix.

Columbia Threadneedle Investments today announced the expansion of its strategic beta fixed income exchange-traded fund offerings with the launch of Columbia Short Duration Bond ETF, a short-duration bond strategy focused on generating income in four segments of the debt markets. This press release features multimedia.

Morgan Fahy has joined BAM?s capital markets team from Citigroup.

Without the primary in play and a mostly muted secondary, triple-A yield curves were little changed, coming nowhere near the moves in UST with the 10- and 30-year falling five and six basis points as equities saw their worst day since May.

The school will sell $600 million of bonds that a third party verifier said meet green standards.

Muni advisors can dialogue with regulators on key obligations from multiple perspectives

With a record $3 billion going to education, Oklahoma is facing stricter accounting in the wake of charter school funding abuses.

The Municipal Securities Rulemaking Board has published its strategic goals for the next four years, which includes the launch of EMMALabs, moving all of its data systems to the cloud and updating its rulemaking guidance.

NEW YORK, Sept. 20, 2021 CUSIP Global Services? today announced the release of its CUSIP Issuance Trends Report for August 2021. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly decrease in request volume for new corporate and municipal identifiers.

The commowealth is flush with cash but still managing the effects of the COVID-19 pandemic.

Municipals have been distracted by the robust primary market and that trend will continue next week when another large new-issue calendar greets investors.

The board sent mixed signals on a possibility of deal with legislature on pension cuts.

Detroit revised its revenue estimates upward this week as more revenue flows from the reopening of casinos and new internet gambling options.

Several strategists estimate the municipal market will be 50% taxable in five years if a direct-pay bond option makes its way into law.

RBC and two muni managers settled charges of flipping bonds in the SEC's latest action targeting abuse of retail order periods.

Concerns range from frayed infrastructure to better communication in the face of the deadly flash flooding that caught the city by surprise in storm Ida.