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Compared to December's projections, revenues are up $265.3 million and expenses are down $59.4 million.

For the first time in several weeks, munis last week outperformed "by a wide margin and across the entirety of the yield curve," said Eric Kazatsky, head of municipal strategy at Bloomberg Intelligence.

BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.

The Eleventh Circuit Court of Appeals has issued an opinion that blocks Treasury from enforcing the "tax cut ban" against 13 states.

School districts must sell bonds based on their own ratings or with private insurance because the triple-A-rated Permanent School Fund's capacity is nearly maxed out.

Daily report for January 23, 2023

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Investors will be greeted Monday with a new-issue calendar estimated at $5.520 billion.

The complex restructured its debt through bankruptcy in 2018 but COVID-19 knocked its recovery off track.

Bondholders say they have lost patience after six years of nonpayment.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

Treasury's move is the latest by the federal government to enforce its Offset Provision that bars states from using ARPA funds for tax cuts.

High-speed rail connecting Portland, Seattle and Vancouver, B.C. would spark $355 billion in economic development, supporters say.

Legacy Cares, which built Bell Bank Park in Mesa, was due to make a $10.3 million interest payment Jan. 1, but only had $2.68 million in the bond fund, the trustee said.

Kansas City Fed President Esther George said officials don't want to raise interest rates by so much that policy becomes overly restrictive and the economy can avoid a sharp downturn.

The Miami area unemployment rate fell to 1.4% in December and saw the second-highest number of private-sector job gains in the state on a year-over-year basis.

The company transferred its second party opinion business and analytical staff to Moody's Investors Service from Moody's ESG Solutions in October.

Daily report for January 20, 2023

Moody's lowered Fairview Health Services by one notch to Baa1 and assigned a negative outlook, but a pending merger and expected sale of some facilities could help its bottom line.