Massachusetts

The $720 million issuance will include a $168 million sustainability component to help fund the $2.3 billion Green Line light rail extension.

After just one session, the 10-year muni is back below 1% with ICE Data Services and Refinitiv MMD at 0.99% while Bloomberg BVAL is at 0.96% and IHS Markit at 0.95%.

The states intend to come to market with $600 million and $1 billion, respectively, bringing state GO credits in an improving credit environment that has held yields down.

Rates, ratios and credit spreads have munis entering May on solid footing, though some pressures due to tax season and rising U.S. Treasuries remain.

Officials cited borrowing flexibility before a joint meeting of the transit authority's oversight board and the Massachusetts Department of Transportation.

New Hampshire wants the Supreme Court to hear its challenge to income taxes its neighbor levies on employees who began working from home during the pandemic.

The case has also has fiscal implications for Arkansas, Delaware, Nebraska, New York, and Pennsylvania.

Massachusetts Treasurer Deborah Goldberg said state officers pivoted quickly as the coronavirus pandemic escalated.

Ike Papadopoulos brings more than 20 years of investment banking experience, most recently with Ziegler and TD Securities.

MBTA officials insist the moves, which include a capital-to-operating budget shift, are necessary to help seal a coronavirus-related $579 million operating gap.