Commonwealth of Massachusetts

Muni data is complicated, confusing and unstandardized, and analysts say there's a cost to that. 

Massachusetts drew multiple bidders for all four tranches when it sold $850 million of general obligation bonds competitively last week.

The alma mater of former President James Garfield and current U.S. Rugby Olympian Kristi Kirshe plans to sell $108 million of bonds next week to help fund a new art museum and a multipurpose recreation center, according to bond documents.

After this week's sale, the state intends to issue another series of refunding bonds in February in connection with a potential tender offer for taxable GOs and a current refunding of some tax-exempt GOs.

Building off his success in creating a revolutionary website as Massachusetts assistant treasurer of debt management, BondLink founder Colin MacNaught has grown his firm into 45 states.

S&P raised Massachusetts' general obligation long-term credit rating to AA-plus from AA.

The 514-bed hospital in Boston's South End is taking on the new debt as it pushes for net-zero emissions at all of its facilities by 2030.

"The curve slope has undergone a massive flattening this year and recent trends suggest demand pockets are developing in specific ranges," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut and Massachusetts pricing general obligation bonds, a large CommonSpirit healthcare and several competitive issues led by Rhode Island GOs.

Massachusetts Treasurer Deborah Goldberg talks about the Bay State's economic recovery, the largest ESG bond deal ever done in the municipal space and special state initiatives such as promoting diversity and inclusion and creating a Baby Bond taskforce. Chip Barnett and Thomas Nocera host. (22 minutes).

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

The commowealth is flush with cash but still managing the effects of the COVID-19 pandemic.

The market idled Monday while investors prepare for a $12 billion new-issue onslaught that brings diversity of credits that will help direct benchmark yields. Continued fund flows are needed to sustain current yields.

Officials call it the first for any state revolving fund program in the country.

Greg Sullivan of Boston's Pioneer Institute explores the migration from Massachusetts and Connecticut to lower-tax states, and the ripple effects of a lawsuit regarding cross-state remote employees that could reach the U.S. Supreme Court. Paul Burton hosts. (13 minutes).

The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.

A Pioneer Institute report cited “a persistent trend” of high-income earners leaving high-tax states for low-tax ones.

Massachusetts Treasurer Deborah Goldberg said state officers pivoted quickly as the coronavirus pandemic escalated.

New Jersey and Connecticut on Tuesday joined a legal battle to stop neighboring states from taxing residents who due to the pandemic have stopped commuting over state lines and are now working remotely.

Daniel Rivera will leave Lawrence City Hall to run the state's finance and development wing.