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Market Intelligence:
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Research
Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • Rendering of elementary school
    Trends in the Regions
    San Diego school district will hit the market next week

    J.P. Morgan is scheduled to price the deal as municipal issuers confront shifting interest rates, secondary market supply, and evolving investor sentiment.

    By Keeley Webster
    7h ago
  • Aerial rendering of planned expansion of Los Angeles convention center
    Primary bond market
    Delayed L.A. convention center deal a question of when, not if

    The city delayed a $1.8 billion deal that was on the calendar this week, but the new money deal proceeds will be needed for a project tied to the 2028 Olympics.

    By Keeley Webster
    September 29
  • California
    S&P analysts weigh wildfire risks and credit stability for California utilities

    Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.

    By Keeley Webster
    September 25
  • California Gov. Gavin Newsom among crowd of people
    Trends in the Regions
    Newsom's veto kills California infrastructure bank bill

    The veto means California won't have a new vehicle to fund large-scale infrastructure. Newsom also killed a bill to unwind pension reforms.

    By Keeley Webster
    September 25
  • Vote here sign
    Elections
    Nobel-winning economists tout California's billionaire tax

    Proposition 40 aims to raise $100 billion through a one-time tax on assets over $1 billion to offset federal Medicaid cuts.

    By Keeley Webster
    September 23
  • People mover trains on test runs at Los Angeles International Airport
    Public-private partnership
    Bondholders agree to ease key deadline for LAX people mover

    Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

    By Keeley Webster
    September 21
  • Shell station display of fuel prices, from $6.09 per gallon for regular to $8.59 for diesel
    Trends in the Regions
    Affordability crises add to credit pressure on municipalities, utilities

    The rising cost of living, demographics, and growing utility demands are reshaping the credit profiles of municipal issuers and public utilities for the worse.

    By Keeley Webster
    September 18
  • Ships coming into the Port of Los Angeles.
    Tariffs
    California trade shifts to new partners amid federal policy changes

    Despite uncertainty created by federal policies and global turmoil, California's trade did not shrink; it shifted.

    By Keeley Webster
    September 16
  • U.S. Sen. Alex Padilla, D-Calif.
    Wildfires
    Senators: federal agencies ill-prepared for an extended fire season

    Senators from western states sent a letter to two federal agencies to address preparations for an extended fire season.

    By Keeley Webster
    September 14
  • Building under construction amid burnt-out lots
    Trends in the Regions
    Pay now or pay later: closing the climate resilience finance gap

    To meet the climate challenge, capital investment must shift to early resilience investment and preparation from disaster recovery, a new report argues.

    By Keeley Webster
    September 11
  • Oregon Gov. Tina Kotek
    Data Centers
    Oregon governor sets broad-based pause on data centers

    Oregon Gov. Tina Kotek canceled plans for a Salem data center in July. Her new edict goes further.

    By Keeley Webster
    September 8
  • Woman filling in lottery form
    Finance, investment and tax-related legislation
    Oregon grant program proposed for small cities in distress

    Oregon State Rep. Paul Evans proposed a grant program that would fill budgetary gaps for small cities at risk of closing what he deems as essential city services.

    By Keeley Webster
    September 4
  • California Gov. Gavin Newsom
    Trends in the Regions
    California scraps wildfire liability overhaul, leaving utility credit ratings at risk

    The failure of California's recent wildfire liability legislation leaves investor-owned utilities like PG&E and SoCal Edison exposed to continued financial risk and potential ratings downgrades.

    By Keeley Webster
    September 4
  • Gary Hall, co-president of Siebert Williams Shank & Co.
    Hall of Fame 2026
    For Gary Hall, leadership means leaving institutions stronger

    The incoming Bond Buyer Hall of Famer says titles and board seats are "empty calories" unless they improve the municipal market, a philosophy that has shaped his work in regulation, banking, and mentorship.

    By Keeley Webster
    September 1
  • Wiener-Scott-California Sen.
    Finance, investment and tax-related legislation
    California lawmaker tries to revive bond measure with session ending

    State Sen. Scott Wiener reintroduced the bond measure, intended to counteract federal funding cuts to scientific research.

    By Keeley Webster
    August 31
  • Houses under construction
    Affordable housing bonds
    California Assembly passes watered-down housing finance bill

    The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.

    By Keeley Webster
    August 28
  • California State Treasurer Fiona Ma swears Deputy Treasurer John Sheldon into office.
    Trends in the Regions
    California's $3.1 billion GO sale adds heft to a high-volume market

    California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.

    By Keeley Webster
    August 28
  • Nikolai Sklaroff 2026
    Climate change
    SFPUC's impact report attempts to answer investor climate risk questions

    SFPUC's head would like rating agencies to consider what issuers are doing well regarding climate risk as well as where they fall short.

    By Keeley Webster
    August 24
  • Steven Rothstein of Ceres
    Trends in the Regions
    How municipal bond disclosure falls short on climate risks

    A report by Ceres found climate risk — and climate resilience — disclosure uneven after a review of offering documents from 60 recent municipal bond sales.

    By Keeley Webster
    August 21
  • Homes in Spokane, Washington, that were destroyed by wildfire
    Wildfires
    Rating agencies differ on credit impact of Pacific Northwest wildfires

    Tens of thousands of acres have burned in central Oregon and in the Spokane region of eastern Washington.

    By Keeley Webster
    August 19
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