News and Information from Bond Buyer

The spaceport PAB statute was crafted in a way that's likely to appeal to the tax-exempt bond market. Nixon Peabody's Johnny Hutchinson said.

A judge approved an injunction requested by 20 states to temporarily halt the Federal Emergency Management Agency from diverting money from a disaster preparedness program.

Mayors and city leaders are using a combination of bond financing and public private partnerships to build and preserve affordable housing while working with a patchwork of regulations and facing opposition.

Officials are considering selling more voter-approved bonds for the stalled project, which could be jumpstarted with a phased-in construction approach.

St. Paul, Minnesota, is recovering from a cyber attack that overwhelmed the city's defenses ahead of its Aug. 19 bond deal close.

Analysts unsure about the impact of the firings on bondholders.

Over the past three trading sessions, MMD yields have been bumped nine to 12 basis points, while UST yields have fallen over 20 basis points on the front of the curve.

Some bondholders have retained legal counsel while others are in the dark about the company's plans.

City council approval of a five-part bond proposition for the Nov. 4 ballot comes as Denver faces a two-year, $250 million budget shortfall.

In this panel from The Bond Buyer's July 31 Virtual Summit, "The Shifting Muni Buy-Side," experts explore how volatility, tariffs, and reduced federal support are transforming municipal credit and attracting new forms of private capital.

Recent years' credit quality was "akin to a sugar rush," one investor said. Now we're seeing "fiscal normalization," an analyst suspects.

The state faces a $1.2 billion revenue hit in fiscal 2026 , as well as future spending pressures, from President Trump's One Big Beautiful Bill.

"If the narrative takes hold that the Fed is behind the eight ball and will need to cut rates several times in the coming months to catch up to the realities of a weaker economy, we expect muni yields will drift lower alongside treasuries," Birch Creek strategists said.

Sequestration on direct-pay bonds kicks in Oct. 1 without a fresh funding bill.

The plan being floated by California Gov. Gavin Newsom would nearly double the $21 billion fund created to protect the state's investor-owned utilities from outsized wildfire claims.

The council voted to preliminarily approve a $3.7 billion deal that will return an NFL team to play games inside the city limits while committing over $1 billion in taxpayer money.

Illinois Gov. JB Pritzker on Friday signed pension legislation that will put Chicago on the hook for an additional $60 million in its fiscal 2026 budget.

The municipal market has gone through several volatile years and the first half of 2025 continues to bring shifts to the landscape.

While high-yield out performed municipal investment grades in 2024,

The tremendous growth of separately managed accounts and exchange traded funds in the municipal market has been spurred on by lower fees,