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A sharp decline in taxable issuance leads to an overall volume drop in the first half.

Daily report for August 15, 2022

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

New-issue volume grows to $10.7 billion led by a $2.7 billion taxable Massachusetts ESG deal, $1.35 billion of Oklahoma natural gas taxables, $1.25 billion from the Regents of the University of California and $1.1 billion from New York City.

S&P revised the state's outlook to positive in September, which gives it a one-in-three chance of a ratings boost over the two-year outlook period.

Illinois laid out updated six-year transportation packages allocating more than $30 billion in spending.

The training camps will focus on 30 grant programs in the infrastructure law that carry the biggest bang for their buck and allow cities to apply directly to the feds.

A court-ordered modification of the plan is more likely than outright rejection, sources say.

After thirty years at the Commission, Lori Price will begin as director for the Office of Credit Ratings Aug. 14

The Northeast's issuers sold $49.69 billion of municipal bonds in the first half of 2022, down more than 18% year-over-year.

"I think this deal is kind of like football in the pre-season," says County Comptroller Kevin Hardwick. "We're looking at this new issue as a run-up to next year — the big event — when we hope to be bonding for our new stadium for the Buffalo Bills."

Daily report for August 12, 2022

Massachusetts had temporarily delayed the $2.7 billion sale as state lawmakers debated additional funding for the state's unemployment trust fund.

Pressure on the short end of the muni curve is being exacerbated by a 3.24% two-year Treasury note, from a correction to floating rate notes and dealer positions.

The bulging surpluses are a result of $5 trillion in economic stimulus from the federal government including American Rescue Plan Act (ARPA) funds which boosted economic activity and tax revenues.

Friedman is remembered for her devotion to clients, social justice, and family. She spent her career at Borge and Pitt and then Katten Muchin after they merged.

During her almost 14 years as Virginia state treasurer, Manju Ganeriwala oversaw the issuance of more than $33 billion of municipal bonds.

The debt issued through conduit Gallatin County, Montana, benefits an aerial firefighting company that went public through a SPAC weeks after the bonds sold.

The $2.2 billion will be divided evenly between urban and rural communities, with 75% going to projects in poor or disadvantaged areas.

U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed's inspector general was "troubling."