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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
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Joseph Krist, publisher of Muni Credit News, explores state budgets, federal aid, climate change and cybersecurity. Paul Burton hosts. (34 minutes)
July 6
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The Oversight Board filed a suit against a new law that contradicts certain provisions in the plan of adjustment. Gov. Pierluisi says the litigation is not necessary.
July 2
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Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.
July 2
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With better-than-expected payrolls, economists still caution full recovery is a ways away. Muni participants are closely following how the Fed's action — or inaction — will affect the municipal market going forward.
July 2
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Voters in Texas' most populous county approved the flood control bonds after the devastation of Hurricane Harvey, but matching funds have been slow to arrive.
July 2
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The Bureau of Ocean Energy Management will initiate an environmental review for Virginia's large-scale commercial offshore wind project.
July 2
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The broader market awaits Friday’s nonfarm payrolls report, but Thursday brought some helpful labor news — unemployment claims dropped to the lowest since before the pandemic-caused economic shutdowns and layoffs plunged in June.
July 1
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Michigan's fiscal recovery led S&P Global Ratings to lift its rating outlook to stable from negative. Fitch boosted its outlook to positive earlier this month.
July 1
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The $10.1 billion General Fund focuses on operational improvements, Medicaid reform, and enhancing tax compliance.
July 1
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Ridership displacement, remote work and online shopping amplify pre-pandemic challenges such as large capital plans.
July 1
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S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.
July 1
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By contrast to the circus surrounding the Board of Elections, the City Council quickly passed a record $98.7 billion spending plan drama-free.
July 1
