News and Information from Bond Buyer

The bill would have required cities, counties and the California Highway Patrol to post the amounts paid, broken down by individual settlement and judgment.

Modern economic growth in the U.S. is dependent on credit creation — which has perpetuated a cycle of suppressed yields and inflated asset prices. While credit creation has been accelerating away from GDP growth for the last 15 years with no signs of stopping, retirement investors are left in the intractable situation of watching the value of their savings erode. What can be done?

A fresh debate on the debt ceiling could come as soon as December, as Congress also faces deadlines on surface transportation and stopgap government funding.

Volatility in the U.S. Treasury market continues to pull on municipal bond valuations, despite little trading volume.

Three-quarters of the way through the year, municipal bond issuance has risen 3.1% compared to the same period in 2020. So far in 2021, volume totals $340.99 billion in 9,082 transactions compared to $330.71 billion in 8,577 deals in the first nine months of 2020.

BofA Securities led with $48.85 billion of deals, while Goldman Sachs jumped into the top five and Morgan Stanley moved up one spot from where it was at this point last year.

The Public Finance Authority issue for the Fargo-Moorhead Diversion Project sets the stage for the Corps of Engineers' future use of a P3 financing model.

The top municipal financial advisors saw $278.55 of business in 6,599 transactions in the first nine months of 2021, down slightly from the $284.08 billion in 6,350 deals the same period last year.

Another correctional facility avoids a private business use tax penalty.

The National Association of Bond Lawyers' new president intends to focus the group's efforts and provide support for infrastructure legislation in Washington.

Geoffrey Buswick and Todd Kanaster of S&P Global Ratings, talk with Chip Barnett about all things cryptocurrency. They look at why municipalities are getting into blockchain technology and crypto. What are the risks and rewards?

The presence of unregistered — and potentially unqualified — advisors providing municipal advisory services to state and local governments and other municipal entities is a cause for concern and greater regulatory scrutiny.

Amendments would make it "impossible" to enact the Plan of Adjustment because the cost would be too high.

Municipals outperformed the move in taxables Friday but weakness hangs over the market as fund flows lessen and supply increases. Taxable munis may be keeping exempt rates from moving higher.

While move-outs still outpace move-ins, the rate at which people are leaving has slowed and returned to near pre-pandemic patterns. A return by workers to offices is also rising, but occupancy in the city remains lower than almost all major metropolitan areas in the U.S. except for San Jose and San Francisco in California.

Officials from multiple regulators came together on Thursday for a detailed discussion about municipal advisory regulation.

For 31 consecutive weeks investors put cash into municipal bond mutual funds but saw just $36.87 million of inflows in the latest reporting period while high-yield funds saw $460 million of outflows after $103 million of outflows a week prior.

Puerto Rico House leadership wants a guarantee of no pension cuts and other incentives in a debt bill.

The proposed budget taps one-third of Cook's $1 billion in federal COVID relief, makes a supplemental pension contribution and holds the line on taxes and fees.

Erring on the side of caution and good documentation are key to managing conflicts of interest