News and Information from Bond Buyer

An uptick in new money borrowing fell far short of making up for a decline in refundings.

The transition should not affect state credit, said John Ceffalio, senior research analyst for municipals at CreditSights.

John Ceffalio, Senior Municipal Research Analyst at CreditSights, talks with Chip Barnett about what to expect in the second half of the year. He discusses municipal bond market fundamentals, credit and climate disclosure. And he looks at the pandemic’s long-term risks for U.S. cities as the work-from-home culture becomes stronger and how higher education will cope with a new reality. (18 minutes)

U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.

Fitch Ratings also maintained a negative outlook on BART.

Island employment was up overall from 2020 figures.

Municipal bond volume in the Southwest region increased in the first half of 2021 as its seven other states more than made up for a decline in Texas.

The MTA budgets 16 months for environmental review of the tolling project for Manhattan's central business district.

Bonds sold for the public facilities sector were up 126.9% year-over-year and environmental facilities sector was up 77.7%.

Despite a slowdown in June, long-term municipal bond volume is ahead of last year's record-breaking pace with more than $231 million in six months.

Municipal bond insurers are seeing the most business since the global financial crisis of 2008 crushed the sector.

Volume was down as state and local government municipalities benefited from federal stimulus aid and increasing tax and revenue receipts.

The honorees of the past are making a big impact in the present.

Municipal bonds ended the week unchanged for the sixth consecutive trading session as inflows surged as more than $7 billion is headed to market next week.

Funding would be offered, perhaps for pensions, in exchange for a debt restructuring.

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

Issuers sold nearly $60 billion of debt as states, cities and agencies adjusted to the COVID-19 environment and other variables.

Production companies making films, TV series and commercials may offer North Carolina $409 million of revenue this year.

Municipals were unchanged for the fourth consecutive day this week amid slight Treasury strength as demand for yield continued.

The governor and the legislature are at odds on how to make the increases, which could affect more than half of the workforce.