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BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.

The Eleventh Circuit Court of Appeals has issued an opinion that blocks Treasury from enforcing the "tax cut ban" against 13 states.

School districts must sell bonds based on their own ratings or with private insurance because the triple-A-rated Permanent School Fund's capacity is nearly maxed out.

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Investors will be greeted Monday with a new-issue calendar estimated at $5.520 billion.

The complex restructured its debt through bankruptcy in 2018 but COVID-19 knocked its recovery off track.

Bondholders say they have lost patience after six years of nonpayment.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

Treasury's move is the latest by the federal government to enforce its Offset Provision that bars states from using ARPA funds for tax cuts.