News and Information from Bond Buyer

Catch up on our recent coverage of the various legal issues and considerations impacting BAB redemptions.

This week's issuance is above the 2024's year-to-date weekly average of $7.6 billion, said Chris Brigati, senior vice president and director of strategic planning and fixed income research at SWBC.

The Turnpike Authority of Kentucky expects to sell the bonds on June 6.

Creedon has "tremendous capacity" as a banker, with experience in sectors outside of Janney's current business, such as tobacco securitization, and in geographical areas where the firm is seeking to grow, said Vivian Altman, Janney's head of public finance.

James Morris of Investortools joins the podcast to discuss the significant impact of electronic trading and automation on the municipal finance sector, revealing insights into improved efficiencies, trading workflows, and the evolving role of bond traders.

To keep up with anticipated passenger growth, Phoenix Sky Harbor International Airport plans to build an additional terminal.

The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.

With the market "hungry" for high-yield bonds, declining cigarette sales have not had as much of an impact "as maybe it should or could in the future," said John Miller, head and chief investment officer of First Eagle's High Yield Municipal Credit team.

Along with tax cuts and school funding increases, lawmakers created passenger rail funding streams and paved the way for a historic hotel's bond-financed purchase.

The muni market improvement has the asset class seeing gains of 1.08% so far in May, as year-to-date returns inch closer to "positive territory," said Jason Wong, vice president of municipals at AmeriVet Securities.

Argument continues over how much PREPA will be able to pay bondholders.

The proposal would codify a supervisory system that recognizes the work from home reality.

On Friday, Mayor Brandon Johnson will headline Chicago's 2024 investor conference, organized around the narrative that rating agencies underestimate the city. 

California Gov. Gavin Newsom's May budget revisions brought 260 program cuts, but he will not raise taxes or layoff or furlough employees to close the deficit. His plan would cut 10,000 vacant positions.

Pittsburgh recently celebrated removing 11,000 lead water service pipes. It has around 6,000 to go, and estimates that it will finish around 2026. 

The New York City Transitional Finance Authority leads the new-issue calendar with a total of $1.8 billion of future tax-secured subordinate bonds in the negotiated and competitive markets.

The nation's 3,300 airports face $151 billion in infrastructure needs over the next five years, according to the 2023 U.S. Airport Infrastructure Needs Report.

The budgetary process has been marked by political fights between the governor and the general assembly.

Chicago's top suburban customer and Illinois' largest water wholesaler bought land for a treatment plant in Northbrook, saying it will strike out on its own.

The approval clears the way for groundbreaking on a bridge that the two states have been trying to replace for 12 years.