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Since the 52-week low on April 12, yields have risen by an average of 46 basis points.
May 22
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Arizona, Nevada and California announced an agreement on Colorado River water use reductions, possibly averting a more stringent federal solution.
May 22
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"Ultimately, the case for fixed income generally, and munis specifically, is much stronger today than it was a year ago," said Nick Vendetti, municipal bond fund portfolio manager with Allspring Global Investments.
May 22
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Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.
May 22
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"If the banking stresses start to bring inflation down for us, then maybe we're getting closer to being done. I just don't know right now," said Federal Reserve Bank of Minneapolis President Neel Kashkari.
May 22
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When it comes to federal funds flowing to cities and states, top issues to watch are a potential claw back of stimulus aid, fresh infrastructure fund opportunities and guidance on first-of-its-kind tax credits.
May 22
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The bank-qualified cap is a muni priority that could appeal to lawmakers from less populous areas, as it impacts exclusively small issuers.
May 22
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The exemption, which has been recently enforced by the Securities and Exchange Commission for the first time, will likely force some underwriters to opt out of it for fear of enforcement.
May 22
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As GFOA's new president, she intends to work to address staffing shortages and bring GFOA members together.
May 22
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Puerto Rico must take additional steps to be able to regain market access, they said.
May 19
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High inflation and high costs for construction and borrowing add to a strained labor market complicating some planned municipal issuances.
May 19
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Kroll Bond Rating Agency upgraded Connecticut's general obligation bonds to AA-plus, citing improved finances and a recent package of fiscal guardrails.
May 19
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With a healthy surplus built over several years, the state adopted a series of tax relief measures. Those actions, along with robust growth in fiscal 2022 that triggered an automatic tax cut, are driving revenue projections lower.
May 19
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For the week, triple-A muni yields rose between 11 and 29 basis points, according to MMD, while UST yields rose 11 to 32 basis points.
May 19
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The Biden Administration has partnered with five cities and the State of California in efforts to reduce homelessness.
May 19
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Federal Reserve Bank of New York President John Williams says there is no evidence that the COVID-19 pandemic has ended the era of very low interest rates experienced before the crisis, although growth may be slower in the long run.
May 19
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Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.
May 19
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Terri Velasquez ends her term as GFOA president, reflecting on her year leading the group.
May 19
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