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An improving tone was apparent in the municipal market midweek — after a topsy-turvy ride last week when the market saw a close to 50-basis point adjustment to the front end of the triple-A municipal yield curve.

Earlier in the pandemic, bond values showed a greater divergence among local government issuers tracked, but that has reverted to pre-pandemic levels, although work-from-home and other uncertainties still take a toll.

The bill in Massachusetts bill would establish a "baby bond" program to create a trust account for children born into a low-income households.

While the FAFAA backed the board's discovery timeline, bondholders argue the board is trying to "run out the clock."

The San Francisco Bay Area Rapid Transit District relied on fare revenue before the pandemic. Ridership has lagged since COVID, and so have revenues.

The White House is narrowing its search for a nominee to become the next Federal Reserve vice chair, intending to swiftly replace Lael Brainard, who became President Joe Biden's top economic adviser this week.

"Many asset managers are using too many systems to do one job," said Justin Land, CEO of AG Analytics.

It says the plan of adjustment can treat bonds of National Public Finance Guarantee differently and let National vote in a different class.

Inflows continued with the Investment Company Institute reporting investors added $931 million to mutual funds in the week ending Feb. 15, after $2.194 billion of inflows the previous week.

The public finance industry veteran brings his experience to the minority owned investment banking and advisory firm.