News and Information from Bond Buyer

Under the agreement, the NBA's Thunder will play for at least 25 years in an arena that will be largely financed by a sales tax revenue bond sale later this year.

A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade, bringing the state's issuer and general obligation bond ratings to Aa2 from Aa3.

Deals from two small Michigan cities show how bond-funded improvements are used to keep up with water infrastructure replacement needs.

Tom Kozlik said he was particularly concerned about the impact of a scaled-back FEMA on issuers in the Southeast.

"We expect no change to rates but [for the Federal Open Market Committee] to continue to signal that rate cuts should still be expected," said Cooper Howard, a fixed income strategist at Charles Schwab.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.

White, who served as CEO of the financial advisory firm for over three decades before retiring at the end of 2011, passed away on Friday.

Hillman is part of a spate of hirings deepening the firm's presence in certain regions and the transportation sector. 

K-12 public schools get a $55 per-student increase in the state basic allotment, while other funding is allocated to specific purposes.

In the first quarter of this year, 18.6% of new-issue volume in the market was traded electronically, up from 17.3% last year, according to data from Coalition Greenwich.

The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.

Even before January's fires in Los Angeles, change-of-address data shows residential moves based on fire risks and insurance availability.

After two weeks of a deluge of issuance, supply drops off "given the FOMC meeting and Juneteenth holiday, so we expect investors will refocus on the secondary market and look to scoop up any value left behind in the wake of the issuance onslaught," said Birch Creek strategists.

"This case involves the discovery of a massive Ponzi-like fraud orchestrated by former GHA executive director Robert Cappelletti," plaintiffs GHA and Greater Groton Realty Corp., a non-profit affiliate of the GHA, said in an April court filing. 

As the Senate Finance Committee works on the the reconciliation puzzle, attorneys, accountants, and doctors are lobbying for keeping the pass-through exemptions that provide a workaround to the cap on state and local taxes in place.

Fitch cited the authority's stronger margins in recent years.

The panel is not expected to change rates, but the dot plot will be watched to see if the Fed's prior projection of two rate cuts this year holds.

Civic Builders, a 23-year-old nonprofit charter school developer and financer, borrowed though the public municipal bond market for the first time.

The state was one of three where one person was responsible for deciding how to invest pension money.

Issuance takes a bit of a breather due to the Juneteenth holiday and the Federal Open Market Committee meeting, Barclays strategists said.