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PFM Asset Management will continue to operate as a separate entity. The deal does not affect PFM’s financial advisory business which will continue to operate independently.
July 8
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The Fitch Ratings upgrade applies only to GO debt — the city's issuer default rating remains AA-plus. The GOs benefit from California’s 2016 statutory lien law.
July 8
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S&P said the rating on the senior living revenue bonds Capital Trust Agency issued for borrower H-Bay Ministries Inc. of Texas will now be withdrawn in 30 days.
July 8
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In his lawsuit in state Supreme Court, the New York city comptroller seeks a return of oversight to his office,
July 8
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The Dormitory Authority of the State of New York overtook California for the most issuance, while New York issuers made up half of the top 10.
July 8
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More of the same from the FOMC did little to move UST or munis. ICI reported the 17th consecutive week of inflows at $1.98 billion. July is looking good for municipal issuers.
July 7
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The state's court is weighing whether to allow a public vote on proposed charter revisions that Mayor Mike Duggan warns could trigger a fiscal crisis.
July 7
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The governor's 11-item agenda for the special legislative session covers a wide array of social issues along with funding for the legislative branch.
July 7
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While the top three advisor firms stayed put, the next seven firms moved around, including three new firms making their way into the top 10.
July 7
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As issuance increased, the top municipal bond underwriters saw their total par underwritten rise by 14.4% from the first half of 2020.
July 7
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Hawaii lawmakers approved the budget before Treasury guidance banned the use of federal funds for debt payments or reserves.
July 7
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State Treasurer Folwell praised officials in two towns for taking concrete steps to pass responsible budgets and avoid a state takeover.
July 7
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The Brooklyn borough president maintained his narrow lead under the city's ranked-choice voting system, prompting Kathryn Garcia and Maya Wiley to concede.
July 7
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The calendar includes $4.25 billion of new money and $2.5 billion of refundings and reofferings, New York State's comptroller said.
July 7
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U.S. Treasury 10- and 30-year yields hit February lows. Large blocks of high-grades in secondary trading led triple-A benchmarks to lower yields by two to four basis points across the curve.
July 6
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With the effects of the pandemic fading, Texas tax collections showed strength across all sectors, Comptroller Glenn Hegar said.
July 6
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Puerto Rico's government would pay attorneys to represent the interests of bondholders who own less than $1 million of Puerto Rico bonds.
July 6
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High-yield municipal bond returns are more than 6% so far in the year as Nuveen expands its reach in the sector with a new "interval" high-yield fund.
July 6
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Participants consider whether Illinois' recent upgrade is a one-off due to the flood of federal aid or a turning of the tide toward better fiscal decision-making that could help it climb further up the rating scale.
July 6
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Gov. Jim Justice said strong revenue collections during fiscal 2021, amid the pandemic, left the state with with a $413 million surplus.
July 6
