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The workers say federal law bars the impairment of their wages.

In its analysis of primary market data from 2019 to 2021, the MSRB showed that market participants fled competitive offerings during the COVID period and preferred private placements.

Treasury Secretary Janet Yellen said that while the U.S. financial system remains resilient, the current backdrop has created the conditions where risks to its stability could appear.

Population growth is fueling bond proposals in Texas, particularly for schools; K-12 districts there are asking voters for $15 billion of bond authority.

Daily report for October 24, 2022

Selling pressure was on the rise again this week. Thursday's $2.919 billion of bonds out for the bid was only surpassed on March 19, 2020, when they hit $4.115 billion. A larger calendar closes out October.

The upgrade reflects the city's improving pension funding practices, commitment to a sound reserve position and ability to institute structural budget measures, Fitch said.

Massive mutual fund selloffs this year have returned the market to a pre-1976 investor landscape, when portfolios focused on individual demand, said MMA's Tom Doe.

At 2.5%, Florida's September unemployment rate is the second lowest in the state's history and the lowest since October 2006.

Corporate CUSIPs can reach a different, broader set of investors than even taxable munis and offer more issuing flexibility for well-known universities.

"It should at least be something we're considering at this point, but the data haven't been cooperating," Daly said Friday.

There is chatter about a restructuring of UPR bonds, which have been paid throughout the territory's bankruptcy; the university's accreditation is a factor.

Josh Wilsusen named executive vice president, Advocacy

The operator of the South Terminal said it expects to prove hundreds of millions of dollars in damages caused by the city of Austin's "unlawful actions."

The sale will fund improvements and repairs to public parks, waterfronts, and roads across the double-A-plus rated city.

Daily report for October 21, 2022

"The curve slope has undergone a massive flattening this year and recent trends suggest demand pockets are developing in specific ranges," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

Decisions by three organizations to drop Moody's ratings underscore an industry-wide trend as the sector struggles with rising costs and narrowing margins.

If the IRA's tax credits prove popular for building clean energy projects, they may be expanded into basic infrastructure financing, said University of Chicago professor Justin Marlowe.

Between them, the California State University trustees and University of California regents have sold more than $23 billion of bonds since 2017.