Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.
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During the meeting, the board also approved a $48 million FY2027 budget, representing a 3.7% increase from the MSRB's FY2026 budget.
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While NAMA believes FA references should be eliminated, it urged the MSRB to address the proposed amendments as part of its retrospective review of MA rules.
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Issuers who aren't using AI to protect themselves are relying on older code that won't be able to hold up, one expert said.
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Market Intelligence analyst Jeff Lipton says cyber preparedness has become a key credit signal for muni investors, with issuer readiness potentially affecting borrowing costs, liquidity, capital market access and confidence in timely debt service.
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Market Intelligence analyst Jeff Lipton breaks down why munis became the fixed-income standout in 1H 2026, as tax-exempt income, SMA demand, healthy supply-demand dynamics, curve positioning, active security selection and spread compression offset geopolitical volatility and shifting Fed expectations.
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The first tobacco bond payment default raises the prospect of additional isolated failures, but not a systemic sector collapse, according to Market Intelligence analyst Jeff Lipton, highlighting how vintage, lien, turbo and reserve features can produce sharply different cash flow and liquidity outcomes.
The top two municipal bond insurers wrapped over $18.012 billion across 819 deals in the first half of 2026, down from $21.97 billion in 878 deals in 1H 2025, according to LSEG data.
New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.
Congress should also eliminate the mass transit account from the Highway Trust Fund, and consolidate all federal fuel tax revenues into the HTF, the USDOT proposed.
Cities with voter requirements face higher borrowing costs, a study found.
Ramirez & Co. is expanding its public finance group in Texas with the addition of Dennis Covington, who previously served as a chief financial officer for school districts in Texas and other states.
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Treat AI like the best junior analyst you have ever hired, and manage it like one.
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The modern bond market is no longer defined by dealers and asset managers alone.
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Blockchain-based tokenization could modernize muni market infrastructure by compressing settlement timelines, automating coupon and redemption workflows, and creating a shared, immutable ownership and compliance record.
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Introducing The Bond Buyer's newest Muni Hall of Famers who will be honored at an awards dinner in Boston on Sept. 30, 2025.
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"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
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Over nearly 40 years, investment banker Diana Hoadley built a legacy of far-ranging vision and collaboration that left a trail of professional admirers.
"I love solving complicated problems faced by our local governmental clients," Leslie Bacon. "We come up with strategic solutions that have a real impact on our communities."
"The intersection between the public impact and the financial markets is unique and it brings a lot of good people to the same place. I really enjoy being a part of this community," Connor Benoit said.
Roosevelt & Cross president and executive director of public finance Elaine Brennan receives the 2025 Freda Johnson Award for the private sector.
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Water infrastructure projects in the 2027 plan are aimed at accommodating projected population growth and addressing dwindling supplies.
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As housing affordability remains a top national priority, policymakers in Washington are advancing a wave of legislative and regulatory initiatives aimed at boosting housing supply, expanding affordability, and reshaping the role of federal programs. In addition to the One Big Beautiful Bill Act, a bipartisan housing package—the 21st Century ROAD to Housing Act—has gained significant momentum, alongside ongoing regulatory changes at HUD that are impacting rental assistance, development incentives, and compliance requirements.
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The challenge of building new housing and making it affordable is omnipresent in almost all areas around the country. How are issuers preparing for new housing opportunities? Are there innovative ways some issuers are growing the housing stock that can be replicated?
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Tender activity has risen between 2019 and 2024, with muni issuers executing more than $48 billion, according to the Government Finance Officers Association.
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Washington, D.C. and the House Oversight Committee are squabbling over tax policy as the federal government weighs legislation that would prevent the city from raising taxes without Congressional approval.
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- Primary Market ReportWeeklyRecap of articles on new issuance as well as Featured Deals on the week.
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Gilmore & Bell and Nixon Peabody were new entrants in the top 10, bumping Greenberg Traurig and Bracewell to the top 15.
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ON-DEMAND VIDEOJosé Torres, senior economist at Interactive Brokers, breaks down the FOMC decision and Fed Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOSean Snaith, Director of the Institute for Economic Forecasting at the University of Central Florida, will provide insight into the FOMC meeting.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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