Organization Root Tag

Serving on MSRB's Board of Directors over the past four years has been a privilege and an honor.

Andrew Nakahata officially takes the helm of the California Infrastructure and Economic Development Bank on Wednesday.

Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is "largely in balance."

It affirmed the California city's Aaa issuer rating, but cited the drag on revenues from tepid tourism numbers and liabilities from child sexual abuse claims.

Secondary selling pressure and the larger calendar weighed on the market Tuesday.

Chicago is returning to market with a $375 million deal for O'Hare Airport, according to multiple rating reports, with more on the way.

Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.

A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

"A lawsuit like this is probably critical for any future settlements or agreements, because it will (maybe) determine up front if the incoming [board] members, and thus whatever agreements they sign, are valid or not," said Matt Fabian, a partner at Municipal Market Analytics.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.

The SEC-approved amendments will become effective in two stages, the MSRB said.

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.

The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.

By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.

A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.

The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.

Despite the expected rate cut, analysts will be watching the Federal Open Market Committee's actions for other reasons.