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Bolingbrook called the GO cut to BBB-plus from AA an attempt "to cause a de facto conversion" of a special sales tax district's debt to a general obligation.

"Investors are acknowledging that the Fed is nearing the end of its rate tightening cycle which is supporting a relief rally in stocks and lower bond yields, said Bryce Doty, senior vice president at Sit Investment Associates.

The Department of Agriculture announced that 64 projects by power cooperatives and utility companies to improve rural power systems were approved for loans.

Federal Reserve officials quietly tightened internal restrictions on employees' political activities after several reserve banks ran afoul of Congress over real or perceived engagement on issues within the domain of elected officials.

"We're going to see job growth, population growth, gross domestic product growth and we're very excited," says Mark Wilson, president of the Florida Chamber of Commerce.

Prior to last year, there were varied expectations from investors that led to confusing directions and expectations for issuers. In other words, there was a lack of consistency from investors on ESG matters.

Alex Chilton is the firm's new head of municipal securities. Zach Solomon and David Gallin are co-heads of public finance. 

They also came in 14% higher than those of December 2021.

The $292 million federal grant comes from the Mega grant program for large, complex infrastructure projects, which had a "wildly competitive" first year, said Transportation Secretary Pete Buttigieg.

Christian Care Centers' bankruptcy liquidation plan leaves bondholders impaired after an asset sale raised only $44.25 million.