News and Information from Bond Buyer

The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.

Many states are capping or trying to eliminate property taxes that support bond issuance.

Northern Illinois University is going to market with $62 million of certificates of participation to finance energy-saving projects affecting 50 buildings.

While this meeting is a slam dunk, the election and data makes the December meeting more of a question, some analysts said.

Issuers in Southwest states led by Texas are hoping voters will approve billions of dollars of bonds in Tuesday's election.

Investors should "brace themselves" for further volatility, as uncertainty is likely to remain, said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.

Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.

October's roundup of pressing items in the bond markets includes a spate of lawsuits involving municipal bonds, issuers weighing in on the Financial Data Transparency Act and more.

The upgrade affects most but not all of MEAG's outstanding bonds.

A rule change allowing non-profits to cash in green energy credits presents both opportunities and challenges.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

Issuance will "not completely disappear, but will adjust to its seasonal norm from the record-breaking pace of the past several months," said Barclays' Mikhail Foux.

Moody's believes Florida will sell bonds to help replenish the CAT fund this spring.

The Payson Town Council rescinded its approval for $70 million of bonds targeted by a lawsuit filed in September.

Fitch Ratings ranks the credit as AA, up from AA-minus.

The increase in the muni market's size, number of novel credits and retail investors suggest it's "finally time" for direct SEC regulation, argue market veterans Kent Hiteshew and David Dubrow.

Observers say the decision may be a credit positive for the financially struggling utility

Pressure on the state budget level is being felt by both the University of California and California State University systems.

October's "price path has created wider spreads but also brought higher yields that are now in the range where a broader audience may begin to take notice," said NewSquare Capital Senior Fixed Income Portfolio Manager Kim Olsan, noting higher taxable equivalent yields for different tenors of the yield curve.

The results of the Nov. 5 polls will address many key municipal market policies.