News and Information from Bond Buyer

The states and others are pushing back against studies showing adverse financial effects from laws that punish banks for their fossil fuel and firearm policies.

The bond parties and the Oversight Board are now arguing over the meaning of the word "account."

Litigants in a case challenging San Jose's validation of proposed pension bonds will have to wait another month to hear if the high court will review an appeals court ruling.

Higher education is facing serious headwinds, and many leaders within the sector see P3s as an avenue for innovation and efficient operation.

"Decelerating or slowing economic growth has sparked a classic flight-to-quality trade with short-term Treasuries being the prime beneficiary," said Gary Pzegeo, head of fixed-income at CIBC Private Wealth U.S.

Data shows the average bids per competitive sale is up noticeably over the past few quarters, Justin Marlowe said, rising to 8.5 bids in Q1 2024 from 6.1 bids in Q1 2022.

LIPA's prepares to go to market with new leadership as it prepares to decide on its next power supply management services provider.

All eyes now turn to the September Federal Open Market Committee meeting where the Fed is expected to cut rates, but market participants are mixed on whether it will be a 25- or 50-basis-point cut.

The Palisades Tunnel project and phase two of the Hudson River Ground Stabilization project will officially begin later this year.

Federal agencies have at least initially determined that CUSIP is not the best choice for an identifier as they develop rules pursuant to the FDTA.

Muni ETFs have grown in popularity ever since the first launch in 2007, gaining a foothold due to their cost-effective nature and ability to help investors acquire a significant amount of diversification.

The three new members will serve four-year terms beginning with the board's new fiscal year in October.

Lawsuits targeting validation lawsuits for pension obligation bonds in California generally stop issuers from considering issuance, but two cities have fought and, so far, won.

Municipal bond mutual funds saw inflows as investors added $1.112 billion to funds after $892.2 million of inflows the week prior, according to LSEG Lipper.

Oconee County using bond proceeds for a sewer that will benefit only some residents may violate the state constitution.

The MTA faces outyear budget gaps of hundreds of millions, even without congestion pricing losses.

Regulators indicated they may prefer the use of Financial Instrument Global Identifiers for securities.

The proceeds will be used to finance replacement of the Calcasieu River Bridge.

"The Fed remains data dependent as always, but it now appears that the 'more good data' bar is not as high as it was before, particularly with labor market developments becoming more important," said Michael Gregory, deputy chief economist at BMO Economics.

California Gov. Gavin Newsom fast-tracked the first $3.3 billion of a bond measure approved by voters in March.