News and Information from Bond Buyer

Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

The long end of the curve has stabilized at very attractive yields, according to CreditSights' Pat Luby, inviting insurance companies and banks into the negotiated market.

"The regulatory environment has become increasingly complex and overwhelming for smaller firms," said Sycamore Advisors LLC president Diana Hamilton.

U.S. Secretary of Transportation Sean Duffy says the loan will allow the long-sought bridge and Bayway project to be built.

Data centers are expected to produce $1.3 billion in tax revenue for Loudoun County this year, but opponents say the exemptions are costing much more than the property taxes they are generating. 

New Jersey's Transportation Trust Fund Authority, once in a "spiral of debt," is now fiscally stable. Its most recent bond deal offered investors attractive yields.

Federal Reserve guidance will likely continue to support the long end, MMD's Kevin McGuigan said, but "investors need to be cautious about extending duration right now, given that a lot of the pressure on the long end has been the result of supply concerns."

With the effects of added Medicaid requirement looming next year, some states are already seeing stress cracks in their reserve fund balances and revenue levels.

Burton brings 35 years of municipal sales experience, most recently at Cantor Fitzgerald.

Healthcare providers will receive nearly $12 billion in funding in fiscal 2027 with federal approval of the state's Medicaid directed payment programs.

Since 2021, 223 mutual fund-to-ETF conversions have been completed, including 24 involving munis, according to Morningstar data.

With more than 25 years in executive leadership in Texas public education, Rees will develop bond underwriting opportunities in the state, a Stephens statement said.

The rising cost of living, demographics, and growing utility demands are reshaping the credit profiles of municipal issuers and public utilities for the worse.

Transit systems have to adjust to a new ridership reality, but some have reoriented service and prevented operating challenges from becoming credit problems.

Participants in a power panel at The Bond Buyer's Infrastructure conference discussed current trends and the way forward for public power.

The front-end cheapening follows Wednesday's bear flattening of the UST curve in response to the Federal Reserve hiking rates and a median 2026 dot that implied another hike before yearend, said Kevin McGuigan, director at Municipal Market Analytics.

The guidance comes after Dave Sanchez, director of the Office of Municipal Securities, earlier this year signaled a focus by the SEC on whether MAs are fulfilling their duties to clients.

Despite the approval, ongoing litigation is attempting to stop the incentives to the plant.

The $5.66 billion spending plan for the fiscal year that begins Oct. 1 continues a voter-mandated plan to increase public safety spending.

Housing officials in several cities are already laying the groundwork that will enable them to take advantage of the 21st Century Road to Housing Act passed by Congress earlier this year even though funding has not yet been appropriated.