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Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according to Refinitiv data.
July 29
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Former Treasury Secretary Lawrence Summers said he was concerned the Federal Reserve is still engaging in “wishful thinking” about how much it will take to bring inflation down from four-decade highs.
July 29
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A group of 20 muni bond investment firms have asked U.S. cities to disclose their environmental-related needs and risks, including infrastructure projects, to CDP, a global disclosure firm.
July 29
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The Unsecured Creditors Committee, a PREPA union and a PREPA retiree group disagree. They want litigation to start.
July 29
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Investors added $236.491 million to municipal bond mutual funds, per Refinitiv Lipper data, versus the $698.782 million of outflows the week prior. High-yield saw inflows hit nearly $550 million.
July 28
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MMA revised down its credit outlook for several sectors noting that looming credit trouble in the second half of the year may underpin a bleak credit and operating situation for certain issuers.
July 28
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Due to their policies on fossil fuels, BlackRock, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo can't bid on state banking contracts in the Mountain State.
July 28
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Property owners want to halt approval of bonds for the Oklahoma Turnpike extensions.
July 28
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Sens. Manchin and Schumer's long-elusive deal on a energy, climate and tax bill includes no muni-friendly items or SALT reform.
July 28
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Keely Martin Bosler steps away from California fiscal policy after two decades of analyzing and helping to craft the state’s budgets.
July 28
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A proposal would prohibit fund managers at the State Board of Administration from considering ESG factors when investing the state’s money and require them to only consider maximizing returns on investment.
July 28
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Municipals are poised to end July in the black. Demand for muni product has been strong this summer, with analysts expecting supportive market technicals through August with a likely continuation of positive performance.
July 27
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With the Fed committed to fighting inflation with aggressive rate hikes, fewer issuers want to take the risk with taxable advance refundings.
July 27
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The SEC’s Public Finance Abuse Unit has brought four enforcement cases against municipal issuers this year, which signals a shift from the usual focus on underwriters and municipal advisors.
July 27
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The Louisiana Bond Commission approved $600 million of notes to help pay Hurricane Ida damage claims after several insurers went bankrupt and up to $1.1 billion to build a biorefinery.
July 27
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They want at least 14 days more for the debt restructuring mediation process.
July 27
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A way to look at city regeneration, infrastructure and the virtuous cycles of funding these initiatives through long-term pension investments obligations.
July 27
Legal & General Capital -
