City of Philadelphia, PA

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.

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

Jacqueline Dunn had held the interim position since last September.

The Pennsylvania governor can expect pushback from Republican lawmakers over budget-balancing plan aimed at higher wage earners.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

The NBA team's plans for an arena financed with development bonds were dashed when a city-linked organization advanced a non-sports-centered waterfront plan.

The former Philadelphia City Council CFO will advise public sector leaders on how to address the financial and economic crisis caused by COVID-19.

Municipals were mostly unchanged with a firm tone on Tuesday, according to market participants, ahead of the week's large new-issue calendar that's heavy on taxables.

The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.