News and Information from Bond Buyer

The pandemic was strikingly different than Sept. 11, financial meltdowns and other disasters, according to Robert Mujica.

The massive summer reinvestment into municipal bond mutual funds continue and are both sustaining the strength of investor demand and solidifying the technical footing of the market.

Municipal issuers are missing the low-borrowing-cost opportunity to finance repairs and modernize infrastructure, says Merritt Research Services.

His bill follows unsuccessful efforts by the territory's Senate to increase oversight of its Water and Power Authority.

A Moody's report highlights stark contrast in recovery between tourist hotspots such as Florida and metro areas like New York City and the San Francisco.

Lawmakers are considering a bill to credit state employees with three extra years of service for work done outside their homes over nine months of 2020.

The economy continues to recover, with durable goods orders and consumer confidence suggesting strength, but concerns about the Delta variant of COVID-19 and continued supply-chain problems cloud the future outlook.

The Oversight Board reached the deal with Ambac Assurance and Financial Guaranty Insurance Company on PRIFA rum tax bonds. The two insurers had been important holdouts from the central government debt deal.

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

Federal relief and rising revenues drew a change in outlook from Moody's to stable from negative, but Moody's remains the only agency to rate Chicago at junk.

Fundamentally, much of the price inflation we’ve experienced over the past year can be attributed to the trillions of dollars of new money pumped into the economy that’s been looking for a home ever since.

New York City budget director Jacques Jiha says proactive moves such as building reserves helped the city weather COVID-19 fiscal challenges. Paul Burton and Chip Barnett host. (23 minutes)

With municipal yields at exceedingly low absolute levels, the spread tightening between credits also continues.

Michael Pagano, a "dean" of government finance with a national reputation, will hand the mantle as director of the university's Government Finance Research Center next month to Deborah Carroll.

Cyberattacks pose rising operational costs and can hinder revenue generation for hospitals and health systems eventually leading to rating hits, Fitch warns.

The pilot program aims to expand its all-to-all Open Trading marketplace by allowing investor clients to select a diversity dealer to intermediate in secondary trading.

The IRS is seeking comments on a change that may benefit many issuers.

The U.S. Supreme Court ruled in McGirt v. Oklahoma that Eastern Oklahoma remains tribal land, and the repercussions continue to play out.

Goldman Sachs is lead managet for the issuance, which includes tax-exempt and taxable bonds.

Preliminary yields in the offering memorandum show spreads of 112 to 169 basis points over triple-A benchmarks, substantially lower than spreads seen in a successful speculative grade PRASA refunding in December.