Northeast

The bistate agency’s exports link increasingly to information-based services, an NYU Rudin Center study says.

New York City's mayor cited roughly $15 billion in additional state and federal aid, improving COVID-19 statistics and the further lessening of restrictions in releasing his executive plan.

Mayor Jim Kenney called the latest rescue package the only funding source that can help with coronavirus-related revenue losses.

Refinitiv Lipper reported $1.889 billion of inflows, with $641 million in high-yield. Negotiated deals repriced to lower yields while competitive loan yields were compelling from New Jersey and Los Angeles USD.

Maulin Vidwans, Jennifer Santangelo, Ryan Udell and Adam Chelminiak move over from White and Williams.

Municipal triple-A benchmarks held steady as the focus was on the primary in which large new issues repriced to lower yields while secondary trading was light.

The transit authority has a $2.9 billion hole in its $54.8 billion five-year plan, according to New York State's comptroller.

Natalia Quintero of the Partnership for New York City discusses the Transit Tech Lab accelerator program, which involves the MTA and other regional transportation agencies. Paul Burton hosts. (14 minutes)

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

Nearly 40% of the fees it pays for bond sales go to women-owned, minority-owned and service-disabled veteran-owned investment banks.