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Municipals rallied Friday, with yields dropping by as much as one basis point on the long end.

Without commenting on the legal merits laid out so far in the case, an appellate court panel concluded the lawsuit met the threshold to proceed as a taxpayer action.

Munis rallied all along the curve Thursday, with long end yields down by as much as four basis points.

The board re-elected Sisk as MSRB chair amid the pandemic and an ongoing search for a new CEO.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Initial jobless claims were lower after two weeks of increases, suggesting the trend may be downward again.

This despite being 3.1% ahead of the oversight board’s May 27 projection.

Republican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses argued before the state’s highest court Wednesday the state’s constitution and past legal precedent should prevent the plan from proceeding.

Illinois in the spring cut its fiscal 2020 and 2021 revenue estimates by more than $7 billion due to the pandemic.

The fund will invest at least 80% of its net assets in municipal green bonds from issuers including states, cities, municipal water and sewer enterprises, transportation systems, universities, and hospitals, and others.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

The Florida Department of Transportation continues litigation in an attempt to terminate the Miami-Dade County Expressway Authority.

The two board members with the deepest knowledge of municipal debt have said they will depart.

The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to address the COVID-19 crisis.

With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.

Benefits may aid island's economy and reduce pressure on island's local and territory-wide governments to pay for welfare benefits.

The U.S. economy needs more support than originally thought as a resurgence in the coronavirus pandemic weighs on growth, said Federal Reserve Bank of San Francisco President Mary Daly.

Municipal yields fell as much as three basis points on the long end of the AAA curves.

Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.