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After the year-end rally, "2024 bond investors have been reluctant buyers, prices creeping lower perhaps until the data and the Fed's next steps are more clear," said Matt Fabian, partner at Municipal Market Analytics.

While this appeal was rejected, the panel suggested bondholders could immediately file a new motion for relief.

SIFMA's Leslie Norwood joins Bond Buyer Executive Editor Kyle Glazier for a discussion about the regulatory and legislative outlook for broker-dealers. (17 minutes)

The new governor and concessionaire on the $2.1 billion P3 have reached a revised deal that will lower tolls and provide a 15% equity contribution to the local area.

Capital Markets Advisors and its co-principals Richard Ganci and Richard Tortora are caught up in a legal back and forth with the SEC over how MSRB Rule G-42 on conflicts of interest applies to their case.

SEC Muni Office Chief Dave Sanchez gave issuer officials some updates on implementation of the transparency law.

The rating agency said plugging a growing budget gap is "crucial" for the credit quality of the Aa1-rated state.

Brightline, a high-profile name in the speculative muni market, is set to come to market next week to remarket $675 million of 2020 bonds.

Bond parties say several parts of the original trust agreement support their lien on the authority's revenues.

Providing care for thousands of migrants is contributing to the system's escalating uncompensated care costs.

Daily report for January 23, 2024

This week's heavy new-issue calendar of tax-exempt supply "could lead to a modest cheapening of ratios," said Vikram Rai, head of municipal markets strategy at Wells Fargo.

Moody's Investors Service bumped Chicago's outlook to positive from stable, while affirming the city's Baa3 issuer and general obligation bond ratings.

A California Department of Water Resources spokeswoman said the department is considering an appeal of the Superior Court judge's decision.

The rulemaking board is prepping for a machine-readable future.

Katz is well known for guiding operational improvement and expense control in the financial services sector, his new employer said.

The regulator has charged a former chief compliance officer $15,000 and a firm $100,000 in twp separate enforcement actions.

The top bond counsel in 2023 handled a combined $361.721 billion across 7,164 bond issues versus $359.189 billion in 7,882 transactions in 2022. 

"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.

Hochul's budget proposal for fiscal 2025 would preserve New York State's reserves at $19 billion.