The Latest

Democrats moved the ball further downfield Tuesday after Nancy Pelosi and a group of moderate House holdouts reached an agreement.

After financial and legal difficulties and under new legislative oversight, the South Carolina Public Service Authority heads into the municipal bond market.

The drenching of several regions exposed vulnerabilities that vary by state, and recurring problems that could jeopardize municipal credit.

An uptick in new money borrowing fell far short of making up for a decline in refundings.

The transition should not affect state credit, said John Ceffalio, senior research analyst for municipals at CreditSights.

John Ceffalio, Senior Municipal Research Analyst at CreditSights, talks with Chip Barnett about what to expect in the second half of the year. He discusses municipal bond market fundamentals, credit and climate disclosure. And he looks at the pandemic’s long-term risks for U.S. cities as the work-from-home culture becomes stronger and how higher education will cope with a new reality. (18 minutes)

U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.

Fitch Ratings also maintained a negative outlook on BART.

Island employment was up overall from 2020 figures.

Municipal bond volume in the Southwest region increased in the first half of 2021 as its seven other states more than made up for a decline in Texas.