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"This peculiar shape of the muni yield curve has created a conundrum for investors, as all high-quality municipal bonds, with the possible exception of the long end, have become quite rich," Barclays strategists said.

Low income residents of Puerto Rico won't be charged the proposed monthly fees the Oversight Board said.

The new law gives the governor the power to appoint the Disney district's board members and renames it the Central Florida Tourism Oversight District.

A lawsuit seeking $389 million filed by a representative of junior lenders is the latest financial headache for the mall developer Triple Five.

Plaintiffs who challenged the legislation plan to ask the Illinois Supreme Court to hear the case. Meanwhile, the consolidation process has moved forward and the majority of funds have transferred their assets.

An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.

"We actually are increasing the odds — we can get a soft landing. That doesn't mean we're out of the woods," Harker said.

The rainy-day fund is currently at $904 million, but Gov. Joseph Lombardo's budget targets $1.6 billion in reserve by the end of the biennium.

"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

Daily report for February 10, 2023

Citi was barred from underwriting government bonds in Texas under a state law prohibiting contracts with companies that "discriminate" against the firearms industry.

Inflows returned as Lipper reported $775.006 million was added to municipal bond mutual funds in the week ended Wednesday after $361.649 million of outflows the week prior.

Michigan would funnel $200 million more into its rainy day fund and establish a new school budget stabilization fund under Gov. Gretchen Whitmer's proposal.

Connecticut residents would get an income tax cut and increased spending in education and workforce training under Ned Lamont's spending package.

U.S. Virgin Islands Gov. Albert Bryan Jr. also voiced concern about the EPA closure of an oil refinery in St. Croix.

The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.

The proposed Rule G-46 seeks to clarify certain rules specific to solicitor municipal advisors, a very specific group of professionals.

"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.

A California conduit will price private activity bonds to replace the intakes for a San Diego County water desalination plant.