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The top 25 state and local pension funds alone have seen the value of their public equities investments drop by a total of nearly a quarter of a trillion dollars in 2025, with roughly $169 billion of those losses coming during the four trading days that followed the Trump administration's April 2 announcement on global tariffs, a think tank said Wednesday.

Some congressional Republicans are concerned taxpayers aren't getting a good return on their investment in transit, as lawmakers gear up for work on a new transportation bill.

The district was created to finance the redevelopment of the Delta Center, home to professional basketball and hockey, as well as other downtown projects.

Stocks surged moments after Trump's announcement of the 90-day pause for most countries on high tariffs he announced last week that have roiled markets.

Municipal AAA yield curves were cut up to another 42 basis points, depending on the curve, as of noon, pushing yields to multi-year highs and long-end muni to UST ratios above 100%. Muni yields have risen up to nearly 100 basis points in spots since the bond market rout began.

A $125 million bond sale by the Indianapolis Local Public Improvement Bond Bank for Indianapolis public transit operator IndyGo is on day-to-day status.

It is sadly not possible to prevent 100% fraud scenarios from occurring; however, reassessing your firm's processes for identifying red flags may be a good place to start.  

The Affordable Housing Credit Improvement Act is reintroduced in the House of Representatives with bipartisan support to increase the development of affordable housing by leveraging private activity bonds and loosening restriction on Low Income Housing Tax Credits.

Municipal market advocates believe it won't take many muni bond "champions" to protect the financing tool.

Midwest market participants and researchers say the loss of the municipal bond tax exemption could cost the region's many smaller issuers market access.

Daily report for April 09, 2025

Weakness in the muni market has been partly amplified by ETF selling; high-grade yields rose more than 60 basis points on parts of the curve over two sessions.

The non-profit climate advocacy organization called for better disclosure on climate risks and adaptation efforts as the prevalence of natural disasters grows.

The utility said it will appeal the judge's action, citing grave concerns about its impact on the Denver area's water supply in the wake of floods and drought.

A new law increasing the bond authorization responds to federal pressures and increased anticipated prison construction costs.

Airport executives pushed lawmakers for streamlined funding, a boost in the passenger facility charge, and preserving tax-exempt bonds.

The judge cited "substantial evidence" for charges of collusion among the banks to fix interest rates on millions of variable-rate demand bonds.

Washington, D.C.'s ability to spend the money in its approved budget remains in doubt as a congressional recess looms, though President Trump signaled support.

A new S&P upgrade and one last year from Moody's burnish the Colorado Statewide Bridge and Tunnel Enterprise ahead of a $212 million revenue bond deal.

In March, BlackRock debuted a new tax-exempt municipal interval fund, IMTC inked partnerships with Franklin Templeton and T. Rowe Price and more.