Markets

State Treasurer Randy McDaniel said the state’s efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.

The issuance keeps pouring into the municipal market as muni fundamentals and interest rates drive demand.

S&P Global reports state HFAs are maintaining high ratings this year, “buoyed by demand for affordable housing and mortgages, low interest rates, relatively low unemployment, increasing wages, and the overall strong domestic economy.”

The expiration of a federal highway bill could provide a catalyst for expanding bonds, according to former Senate Finance Committee tax counsel, Ryan Abraham.

The integration to bolster Tradeweb’s electronic trading platform comes on the heels of other changes and collaborations in the muni tech space.

Lori Lightfoot would close an $838 million gap with a mix of permanent and one-time maneuvers including new taxes, spending cuts and debt restructuring.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

Interest rates the district will pay on a recent $600 million deal are lower than it paid in its previous bond deal a year and a half ago.

The new wave of bond issuance continued unabated as more sales priced on Wednesday.

llinois paper is looking more attractive when held up to Chicago city and Chicago Public Schools bonds, Citi analysts write.