News and Information from Bond Buyer

“We expect it will be years before demand returns to peak 2019 levels,” industry exec says.

Federal judge rules in favor of Georgia's MEAG and JEA will need to continue to pay debt service on bonds used for nuclear reactor construction.

California legislators met the letter of the law in passing the budget by Monday's deadline, but the state is a long way from a final spending plan.

Mostly stronger-than-expected data suggests improvement, with a long way to go.

Social distancing has some issuer officials questioning how much government infrastructure they need.

The recently elected board president of the Western Valley Water District in Rialto says significant improvements are underway.

Matt Boardman, head of fixed income for RBC Wealth Management, talks with Chip Barnett, about how the municipal bond market has changed over the past few months in light of the coronavirus pandemic. He talks about how the economic effects due to COVID-19 caused a "sudden and violent" dislocation in munis for over two months and how we’ve now returned to being a more rational and reasonable market and remains vibrant and strong.

The day's big new-issue slate was led by the pricing of the New York State Urban Development Corp.'s $1.3 billion deal.

Federal Reserve Chair Jerome Powell told Congress the Fed will "keep its foot" on the gas pedal until the pandemic ends.

The new system would hold a commanding presence in Illinois, Michigan and Wisconsin with $17 billion of revenues and 100,000 employees.

Jerome Powell agreed with senators who said the slow pace of economic growth following the Great Recession was partly due to spending cuts made by state and local governments.

Board says it has prevailed in past legal struggles with the local government.

There is absolutely no good reason why, 10 years after Dodd-Frank was enacted, the MSRB has not rationalized its fee structure.

The Sunshine State plans to build a statewide network of electric vehicle charging stations to cut down on carbon dioxide emissions from gas-fueled cars.

Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.

Municipals finished weaker on Tuesday amid Treasury weakness and equity strength.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.

Bondholders hope to negotiate a deal before July 15.

The former Loop Capital executive has nearly two decades of experience in underwriting and institutional sales.

Fed chair says recovery has started but will take time and follow "uncertain" path.