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Lawsuits targeting validation lawsuits for pension obligation bonds in California generally stop issuers from considering issuance, but two cities have fought and, so far, won.
August 2
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Municipal bond mutual funds saw inflows as investors added $1.112 billion to funds after $892.2 million of inflows the week prior, according to LSEG Lipper.
August 1
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Oconee County using bond proceeds for a sewer that will benefit only some residents may violate the state constitution.
August 1
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Regulators indicated they may prefer the use of Financial Instrument Global Identifiers for securities.
August 1
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The city's pensions funds for police officers, fire fighters, teachers, civil employees and school personnel, with a combined $274 billion in assets, returned 10% in the year through June, beating their 7% target, according to a news release Thursday from city Comptroller Brad Lander.
August 1
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The proceeds will be used to finance replacement of the Calcasieu River Bridge.
August 1
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"The Fed remains data dependent as always, but it now appears that the 'more good data' bar is not as high as it was before, particularly with labor market developments becoming more important," said Michael Gregory, deputy chief economist at BMO Economics.
July 31
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California Gov. Gavin Newsom fast-tracked the first $3.3 billion of a bond measure approved by voters in March.
July 31
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Successful roll-outs are countered by regulations and red tape.
July 31
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The mayor and controller debated the causes for the rating outlook revision to negative from stable ahead of a July city bond sale.
July 31
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Riedl First Securities Company of Kansas has been fined $15,000 by FINRA for charging unfair prices, violating MSRB Rule G-30 on fair pricing and MSRB Rule G-27 on supervision.
July 31
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Issuance was lumpy in July, with three weeks of $10 billion issuance sandwiched between lower issuance due to the Fourth of July holiday at the start of the month and the FOMC meeting the last week.
July 31
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Fitch upgraded Chicago's issuer default rating and GO debt rating to A-minus from BBB-plus and the city's sales tax securitization bonds to AAA from AA-plus.
July 31
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States may need to look to Florida's catastrophe fund example as extreme weather increases, FEMA denies more requests and insurance becomes unprofitable in much of the Midwest.
July 31
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Yields may move lower after the Federal Reserve "communicates its goals to ease policy in coming meetings," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
July 30
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Bond financing is likely for parts of a major revitalization effort on which the city is collaborating with the University of Notre Dame's School of Architecture.
July 30
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Issuers and development advocates urged lawmakers to include advance refunding, the expansion of opportunity zones, and other muni prorities in any upcoming tax package.
July 30
