News and Information from Bond Buyer

Investors pulled $229.263 million out of muni bond mutual funds in the latest week, versus the $635.177 million of outflows the prior week, according to Refinitiv Lipper. High-yield continues to see inflows.

Hazelwood's mayor posted a letter on the city website warning of potential bankruptcy if the city can't renegotiate its deal with a fire protection district.

The judge said she'd consider requesting changes to the proposed plan of adjustment.

New-money volume was off in the Golden State and across the Far West, but refunding volume was down even more.

The Internal Revenue Service has reinstated Ham Lake, Minnesota based charter school operator Parnassus Building Company's tax-exempt status after it was revoked in May 2022.

The short end was hammered in the secondary with large blocks of high-grades showing big swings to higher yields while the rest of the curve wasn't spared the damage and triple-A yields rose by seven to 16 basis points.

A county judge ruled that a lawsuit alleging Open Meeting Act violations on the part of the Oklahoma Turnpike Authority will remain in his court unless the state supreme court chooses to exercise original jurisdiction.

The 15% corporate minimum tax may hurt the muni market the most during outflow cycles by cramping demand and leading to higher borrowing costs for states and cities.

Municipal bond issuers in the Southeast sold $40.7 billion of bonds in the first half of this year, a 6.3% year-over-year increase.

Inflation and labor struggles are pounding hospital balance sheets and the pressures could damage ratings.

The inclusion of swaps has the potential to increase claimed damages in the New York State lawsuit, though banks view swap materials as providing a potential defense.

Chicago put its message on fiscal progress directly to bondholders at the annual investors conference last week.

Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.

Brokers should be aware that inaccurate tax reporting could force its brokerage clients to seek damages and could force dealers to make their clients sign a liability waiver, as the recent muni case Richard Goodman v. UBS Financial Services highlights.

Fitch is bulking up its public finance group with the addition of six municipal bond analysts for its offices in San Francisco, New York and Austin.

It was a busy day in the primary Tuesday, with New York City pricing $950 million of GOs for retail and Miami-Dade County, Florida, and Mecklenburg County, North Carolina, selling in the competitive market.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

The city takes competitive bids Wednesday on $124 million of GOs.

The respected muni tax expert died unexpectedly Aug. 14.

Ramirez & Co. and Cabrera Capital Markets, LLC — two Hispanic MWBE firms — are joint bookrunners for the deal, part of Dallas County's sustained push to "maximize professional diversity on the issuance," officials said.