Proposed rulemaking on the FDTA is expected in June, but clarity on what exactly it means for the muni market is years down the line.
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Healthcare issuance is up 122.2% year-over-year through April, rising to $9.062 billion through the first four months of 2024 from $4.078 billion over the same time period in 2023, LSEG data shows.
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An amended bill that would clear the way for the Colorado Educational and Cultural Facilities Authority to issue bonds for its purchase of the Stanley Hotel, which inspired Stephen King's The Shining, advanced out of a Senate committee.
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Strong and growing sales tax revenues support the bonds. Repayment isn't tied to ridership, which has declined.
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Munis posted losses in April, returning negative 1.24%. The asset class is also seeing losses of 1.62% year-to-date.
May 1
Climate change presents a higher risk for muni bonds, compared to other investments, because the debt often has longer maturities and therefore, higher vulnerability to the long-term effects of climate change, said S&P' Sustainable1's global head of research and methodology.
The 2022 law, which has so far banned three major investment banks from underwriting municipal bonds in Oklahoma, could be amended to limit its reach to state agencies.
A state ban on bond underwriters that "boycott" or "discriminate" against the fossil fuel or firearms industries has resulted in fewer banks providing municipal financial products and services.
BNP Paribas' Lindsay Costigan discusses the progress and ongoing challenges for women in the financial sector, her role in pushing for gender parity and diversity in finance, and how critical career decisions at pivotal moments can define success.
The top 10 bond counsels saw some shuffling and welcomed two new entrants, Locke Lord and Ballard Spahr.
Photos from The Bond Buyer's Texas Public Finance conference.
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The "historical runway" heading into Memorial Day is favorable, rolling into the summer redemption months of June through August, said James Pruskowski, chief investment officer at 16Rock Asset Management.
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The Build America Bureau has $100 million in grants available over the next five years for public entities doing pre-development work to structure public private partnerships for transportation and transit-oriented development projects.
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The loan, which features a 2.5% interest rate, will finance nearly half of a community building in downtown Mount Vernon, Washington.
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April's volume stood at $40.456 billion in 653 issues, up 21.2% from $33.377 billion in 666 issues in 2023.
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The deal, originally planned at $1.5 billion in three maturities, was downsized and restructured and then restructured again into one 10-year bullet maturity.
May 1