Subject Root Tag

A heated hearing was preceded by letters to the House Financial Services Committee that gave muni advocates a chance to weigh in on regulatory concerns.

The amount of time governments took to produce audited financials has increased by double-digits during an 11-year period.

It's unrealistic to ask transit agencies, even financially stables ones, to solve larger social problems like homelessness or inequity, says an expert.

Dueling analyses out this week found the mixed-use development will either underperform or outperform in generating revenue for Tempe.

Illinois' $2.45 billion GO sale should attract a wider investor audience with the higher ratings as the state seeks to raise new money for capital projects, fund ongoing pension buyout programs, and refund some debt for present value savings.

The MSRB's proposed amendments to Rule G-47 on time of trade disclosures codifies existing guidance and is being welcomed by dealer groups despite some minor objections.

Federal Reserve Bank of St. Louis President James Bullard said he favored continued interest-rate hikes to counter persistent inflation, while recession fears are overblown.

Neal Pandozzi, a partner at the law firm of Bowditch & Dewey, talks with Chip Barnett about what environmental social and governance really means for public finance, separating politics from policy, polemics from principles. (34 minutes)

Daily report for April 18, 2023

The bill follows the same lines as Gov. Maura Healey's tax relief package proposed in February, but comes with a smaller price tag.

Muni yields were cut four to eight basis points, depending on the scale, while UST yields rose seven to nine basis points. Muni outperformance and rich ratios continue.

Richmond Federal Reserve Bank President Thomas Barkin said he wants to see more evidence that U.S. inflation is easing back to the central bank's goal of 2%.

Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.

The House Republicans proposal to avoid a debt limit default relies on spending cuts and "capturing" unspent COVID aid.

Participants in the Texas municipal market raised concerns over bills that would constrain debt issuance.

Daily report for April 17, 2023

S&P raised Massachusetts' general obligation long-term credit rating to AA-plus from AA.

For long-term muni bonds, BofA strategists noted that macro market and supply/demand conditions "are dominating the picture, pushing the high-grade muni market to a relatively rich valuation versus Treasuries."

Federal Reserve Governor Christopher Waller said he favored more monetary policy tightening to reduce persistently high inflation, although he said he was prepared to adjust his stance if needed if credit tightens more than expected.

Swain set a deadline ahead of what was requested by the Oversight Board.