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Rates, ratios and credit spreads have munis entering May on solid footing, though some pressures due to tax season and rising U.S. Treasuries remain.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

Signs of excess risk taking in financial markets show it’s time for the U.S. central bank to start debating a reduction in its massive bond purchases, said the president of the Dallas Federal Reserve, breaking ranks with Chair Jerome Powell.

The North Texas Tollway Authority will sell a mix of taxable first-tier and tax-exempt second-tier bonds in the refunding transaction.

Passage of the bill Thursday authorizes programs to receive funding, though money would still need to be appropriated through an appropriations process or a comprehensive infrastructure bill.

The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates.

Federal and state aid camouflage danger around the corner, fiscal watchdogs and others insist.

Daily report for April 30, 2021.

Refinitiv Lipper reported another week of inflows at $1.64 billion, with $630 million headed into to high-yield. Benchmark yields rose as much as four basis points following weaker U.S. Treasuries, resistance to ultra-low yields.

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

People want their payments to be quicker, safer, and more readily available across a wider range of channels. How are industry leaders leveraging data to build stronger relationships with their clients?

Fitch also affirmed the authority's $1.8 billion of senior lien bonds at AA-minus and $968 million of subordinate lien bonds at A-plus.

Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.

SEC Chair Gary Gensler's pick for enforcement director resigned just days after being announced.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.

Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as city officials plan a recovery from COVID-19 and a full reopening of the city by July 1.

Bank of America and Citigroup, the top two underwriters in the $3.9 trillion municipal bond market, are at risk of getting shut out of Texas because of a push by Republican state lawmakers to punish the banks for their restrictive gun policies.

Daily report for April 29, 2021.

Judge Laura Taylor Swain says they can be dealt with in the process of confirming the central government plan of adjustment.

The surprise move was announced Wednesday in a Securities and Exchange Commission statement.