News and Information from Bond Buyer

The Treasury Department's Bureau of Fiscal Service has suspended the sales of State and Local Government Series securities in efforts to avoid defaulting on the debt limit.

In a supply-challenged market, foreign investors can play a role in buying taxable munis. 16Rock Asset Management's James Pruskowski discusses a 2023 reset in the muni market. Lynne Funk hosts (29 minutes)

The bond market is not an inherently racist market but, it does not exist in isolation from society at large. As a result, it has acted against the financial interests of municipalities whose residents are predominantly Black. 

"Dave has always worked hard, maintained the highest analytic integrity and role modeled independent thought," said Eden Perry, S&P head of U.S public finance. "He will be missed."

Las Vegas sees March visitor totals similar to pre-pandemic March 2019, putting in on solid fiscal footing.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

"The latest upgrade is further recognition of the work we have put into responsible budgeting," said Treasurer Elizabeth Maher Muoio.

Municipals were in the red to close out April, down 0.2%, per the Bloomberg Municipal Index, but are in the black 2.5% year-to-date.

JPMorgan's move to acquire First Republic and its muni portfolio eases the risk of nearly $20 billion of munis flooding the market.

The city is offering more than $1 billion of debt under its higher-rated Sales Tax Securitization Corp., and its water and wastewater revenue credits.

A draft environmental report released by a federal agency could threaten California and Arizona's water supply, if the states don't reach an agreement on their own to protect the Colorado River.

Maine's tax collection season was better than expected, bucking expectations at the threat of looming recession, a state committee told lawmakers.

Public school districts account for most of the bonds on ballots as some need to finance new facilities to accommodate rising enrollment.

First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis.

The Jacksonville office is the firm's first in Florida and 28th location in the United States.

The electric automaker was promised $15 billion of bond proceeds and other incentives to set up shop in Jasper County, Georgia. It can walk away from the state-backed deal up until Monday.

Michael Ballinger, Publisher, The Bond Buyer; Noé Hinojosa, Jr., Chairman, President, and Chief Executive Officer, Estrada Hinojosa & Co., Inc.; Janice Hofferber, MD, Head of US Public Finance., Moody's Investors Service

Join our market leaders as they present their viewpoints on the macroeconomic picture and prospects for the U.S. muni market.

Our panel of experts will provide an overview of the most pertinent legislative and regulatory developments impacting the Texas' muni industry.

During this keynote address, the Moody's chief economist will share his views on the country's macroeconomic picture.