Kyle Glazier

The best execution rule, which took effect this week, may solidify a market shift concentrating retail customers in a few large firms, while others seek just to keep their institutional business running smoothly, market participants said.

The volatile stock market has hurt the asset performance of large pension plans, a signal that fiscal year 2016 returns may fall short of assumed targets for the second consecutive year, Moody's Investors Service said in a report.

Californians are gearing up for election season in what may prove to be “the year of the initiative,” with two explicitly bond-related questions already qualified for the November ballot and several more of interest to public finance likely to follow.

Washington electric utility Energy Northwest will sell nearly $500 million of refunding bonds later this month.

MarketAxess Holdings Inc., a publicly-traded company that operates an electronic trading platform for fixed-income securities, announced Thursday that it will expand its trading system in April to include the municipal market.

Richard Kolman, a municipal finance veteran who most recently built U.S. Bank's muni underwriting group from scratch, is taking some time off from the industry.

Land-secured municipal bond defaults have plunged thanks to shifts in market practices and macroeconomic trends since the Great Recession.

The first bill Washington Gov. Jay Inslee signed this session may be a big step for the state toward complying with a court order that has been hanging over its finances for years.

Moody’s Investors Service has downgraded Alaska to Aa1 from Aaa.

Fitch Ratings has placed Alaska on a negative watch that the agency says should be resolved when the state passes a budget.

Sacramento, Calif.’s creation of a long-term plan to fund its retiree healthcare benefits has put the city on a more sustainable trajectory, Moody's Investors Service said Friday.

Overzealous regulators are a big problem for middle-market broker-dealers said Warren Stephens, chief executive officer of Stephens, Inc. and a founding member of the Bond Dealers of America.

Squire Patton Boggs, a leading muni bond firm, is merging with the San Francisco-based international litigation firm of Carroll, Burdick & McDonough.

The Wyoming Senate rejected a measure that would have expanded Medicaid in the state, a step Gov. Matt Mead had urged support of and that he said would have brought more federal money to Wyoming.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

Investors eager to buy triple tax-exempt debt have been turning to the Pacific Ocean territories of Guam and American Samoa, where limited tax bases and large debt loads create some risks reminiscent of Puerto Rico.

Arizona Gov. Doug Ducey has signed bipartisan pension overhaul legislation, though part of the plan must be approved by voters later this year.

Public finance lawyer Robert Haight has joined the San Francisco office of Holland & Knight, the firm announced Tuesday.

The Sacramento Municipal Utility District's decision to abandon the $1.45 billion, 400-megawatt Iowa Hill pumped storage generation project is good for its credit, Moody's Investors Service said Friday.

Standard & Poor's revised its outlook on King County, Wash.'s existing debt to negative from stable.