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Most public pension funds are fragile not distressed, according to Equable.
July 21
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While an Oklahoma regulatory official said the bond sale's results for ratepayers was “simply horrifying,” the rapid increase in U.S. Treasury and municipal interest rates since the start of the year were directly correlated.
July 21
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Federal Reserve Chair Jerome Powell recently sold more than $1 million of municipal bonds issued by various entities across the U.S. as tough new ethics rules took effect for central bank officials in the wake of a trading scandal last year.
July 21
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The top two bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters.
July 21
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The governor refused board's order to suspend implementation and enforcement of the new law that the board says will hurt the island's labor market and revenues.
July 21
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“We have to be able to build things better and faster in this country and you don’t have to be a Democrat or a Republican to agree with that."
July 21
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The Investment Company Institute reported investors added $543 million to muni bond mutual funds in the week ending July 13 compared to the $1.061 billion of outflows in the previous week.
July 20
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The 2023 fiscal year chair, vice chair and four new members will be announced after the meeting and the board will adopt its FY 2023 budget.
July 20
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Bond premiums decrease when a city facing flood risk adopts measures that will reduce those risks, according to a recent study.
July 20
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Inflationary-driven challenges pose a drag on hospitals’ fiscal recovery from the pandemic with short-, mid-, and long-term action needed.
July 20
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“In the Great Recession it took us like seven or eight years to get back to where we were pre-recession,” Florida's Ben Watkins said. “This time it was less than 24 months.”
July 20
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PROMESA and the oversight board helped, but there is no economic plan going forward and recent government actions will create problems for the island's future, analysts said.
July 20
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Looking forward, a myriad of factors, including spiking fuel prices, fallout from the Russian invasion of Ukraine and the heat wave, “will facilitate recessionary(ish) economic outcomes by year end," noted an MMA report.
July 19
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Issuers come to market more often and with larger deals when muni bond funds are enjoying inflows, a new paper contends. But not all market participants agree.
July 19
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The West Lake Corridor and Double Track projects are billed as transformative projects to bolster local economic development by enhancing links to Chicago.
July 19
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Many local governments are taking this opportunity to partner with neighbors to help strengthen and build more ambitious projects across regions.
July 19
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The initiative would have raised income taxes on affluent Californians to benefit local health departments.
July 19
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A heat wave blasting Texas and other states is unlikely to lead to days-long blackouts as 2021's Winter Storm Uri did, the rating agency said.
July 19
