News and Information from Bond Buyer

DFW is getting ready for a rebound in passenger traffic, preparing a bond refunding and continuing to develop its terminals.

A deal to lift the debt ceiling through November would buy Congress time to hammer out Democratic agreement on the Build Back Better plan.

ICI reported $704 million of inflows, a $1.1 billion drop from the week prior, bringing the total to $76 billion year to date.

They argue the takeover violates their constitutional rights and say a voter-approved tax measure is illegal because it originated with state-appointed leaders.

Swain said she would review the consistency of the proposed Plan of Adjustment with the certified fiscal plan in deciding whether to approve it.

The proposed guidance does not indicate any particular problems with compliance, the MSRB said.

The firm’s distribution capabilities across major and mid-size institutional accounts, professionally managed retail accounts, and high net worth individual accounts is a throwback to founder Archibald Bullock Roosevelt’s vision.

The lion's share of the deal is taxable, with a $20 million tax-exempt new money series; proceeds from the taxables will refund outstanding debt.

Municipal bonds are just contracts between issuers and investors, why not make them smart contracts?

Connecticut and New York are the first state and city, respectively, to implement such savings programs.

The unpredictable nature of wildfires increases long-term risks in western states where they are the new normal, S&P ratings analysts wrote.

The board wants the deadline for retail bondholders to vote on the Plan of Adjustment to remain Oct. 18.

The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation.

The Local Government Commission voted to approve the city financing to extend utilities into annexed areas, as well as other deals around the state.

A nonprofit that funds charter schools for low-income students is set to price a $233.5 million of revenue bonds Wednesday.

A lawsuit accusing underwriter Stifel of negligence on one bond issue is pending and broader claims related to the financings are being considered.

Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.

Sen. Elizabeth Warren, D-Mass., said questionable financial transactions by senior Federal Reserve officials — two of whom have resigned — cast doubt on Fed Chair Jerome Powell’s ability to steer the central bank as President Biden mulls whether to reappoint him.

FINRA said the firm failed to detect and resolve short positions in municipal securities

Challenges abound in meeting the needs of both investors and issuers in incorporating environmental, social and governance factors into the municipal market. Jasper Cox, Fixed Income Analyst at the PRI, Principles for Responsible Investment, gives insights into how the market can adapt. Lynne Funk hosts. (23 minutes)