Subject Root Tag

Ahead of the FOMC meeting, municipal issuers pull back. Investors will be greeted Monday $2.880 billion of new-issue supply.

State Comptroller Susana Mendoza will renew a push for legislation to set automatic triggers for a $200 million annual deposit into the rainy day fund.

The White House released proposed rules for the $7.5 billion electric vehicle charging network program as gas prices in the U.S. hit another record high.

More firms are revising issuance projections downward due to lower refunding and taxable volumes. Many participants say it is unlikely the market will hit issuance records reached in 2021 and 2020.

The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.

A survey shows local business owners are more pessimistic than they were six months ago.

Daily report for June 10, 2022

The board and its law firm O'Neil & Borges clashed with challenger Carlos Lamoutte in court papers.

Indiana revenues are up $1 billion in the current fiscal year from December revenue projections that already had forecast a multi-billion dollar surplus.

Refinitiv Lipper reported $2.094 billion of outflows, reversing the $1.216 billion of inflows from the mutual fund complex.

The Cleveland-based university's 100-year taxable bond landed at a 5.4% interest rate.

While a document search will not turn up the dreaded word “stagflation,” the minutes mention on multiple occasions that the FOMC sees risk to growth skewing toward the downside, and inflation risk to the upside.

Phoenix may end a GO bond drought with a plan to ask voters next year to approve $500 million of debt to fund projects in the growing city.

Bridger Aerospace plans to sell $160 million in unrated taxable revenue bonds, with a verified sustainability designation, through conduit Gallatin County.

Hardy Manges brings three decades of experience in municipal trading to the national, full-service investment bank, brokerage and advisory firm.

Daily report for June 09, 2022

NOTICE IS HEREBY GIVEN, pursuant to Sections 6.3 and 4.3 of the General Bond Resolution adopted by the Board of Directors of the Issuer on August 14, 1980, as amended and restated on December 6, 1984, and as amended by a Supplemental Resolution adopted on September 6, 1996 and by a Supplemental Resolution adopted on February 7, 2017, as further supplemented by all of the supplemental resolutions issued under the General Bond Resolution from time to time (the “Bond Resolution”), Computershare Trust Company, N.A. has resigned as trustee, paying agent and registrar under the Bond Resolution.

The Investment Company Institute reported investors added $1.090 billion from muni bond mutual funds in the week ending June 1, up from $4.367 billion of outflows in the previous week.

The referendum passed Tuesday by a 70% to 30% margin an an election with miniscule turnout.

CPS' federal windfall aided the district's fiscal progress with plans to use $700 million in the next budget before exhausting the pot in fiscal 2025.