The Latest

Florida lawmakers passed a state budget and approved plans to pay off $830 million of debt in fiscal 2026 in advance of maturity.

The rock-bottom prices show the risks of a high-yield market where liquidity is famously limited.

A colleague called the Florida-based lawyer "an institution" in the public finance community

Housing advocates are cheering the Senate's embrace of expanding Low Income Housing Tax Credits which ensures a volume increase and reduces a key bond threshold test.

Under the agreement, the NBA's Thunder will play for at least 25 years in an arena that will be largely financed by a sales tax revenue bond sale later this year.

A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade, bringing the state's issuer and general obligation bond ratings to Aa2 from Aa3.

Deals from two small Michigan cities show how bond-funded improvements are used to keep up with water infrastructure replacement needs.

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.