Subject Root Tag

In both Michigan and Wisconsin, school districts are seeking about $2 billion of either bonding capacity or revenue raising authority.

Frasca achieved national prominence as an expert in advising governments on capital development at airports and was one of the earliest proponents of public-private partnerships.

While a full basis point increase will be discussed, analysts see the Fed increasing 75 basis points to a 3% to 3.25% range, with a split between those who say inflation is worsening and those that believe it peaked.

Daily report for September 20, 2022

Triple-A muni yields rose another five basis points on the short end while UST rose up to seven. UST yields are the highest since 2007.

Bondholders want a quick resolution and they say the Oversight Board's approach would take two years.

Several Texas school districts, including Austin's, have put bond issues on the Nov. 8 ballot with some of the proceeds earmarked to fund security measures.

California revenues are $2 billion below its 2023-23 Budget Act forecast for the first two months of the fiscal year 2023.

The Municipal Securities Rulemaking Board voted to amend its Rule G-40 on advertising by muni advisors and Rule A-12 on registration during its final board meeting of the year.

Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.  

Daily report for September 19, 2022

Judge Swain on Wednesday will consider the Oversight Board's proposal to commence litigation on creditor claims.

Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both.

Municipals saw more cheapening on the short end Friday as selling pressure persisted all week.

Brad Lander says using municipal bonds could be one way to help move recent immigrants into mainstream society and provide a long-term economic boost to the city.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

Puerto Rico's Fiscal Agency and Financial Advisory Authority said it "is available to assist the municipalities, as financial advisor and fiscal agent of the Government, on any restructuring that it deems necessary."

Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.

Daily report for September 16, 2022

"Everyone is trying to figure out when the outflow cycle is over," said Craig Brandon, co-director of municipal investments at Eaton Vance.