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Municipals posted gains for the first time in 2022 in May, outperforming U.S. Treasuries on the month. The Bloomberg Muni Index posted a 1.49% return in May bringing losses down to 7.47% year to date.
June 1
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An April COVID hospitalization surge, along with a continuing labor shortage and inflationary and supply chain costs, hurt hospitals' bottom line.
June 1
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Even as the U.S. deal pipeline builds, public pension funds still need to look outside the country when they want to invest in infrastructure.
June 1
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Proceeds from the sale of the $406 million of general obligation bonds will fund infrastructure projects including roads, parks and recreational facilities.
June 1
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The GOP-controlled state legislature adjourned without passing a bill barring government contracts with firms, including banks that underwrite municipal bonds, if they “discriminate” against the firearm industry.
June 1
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Howard Globus, founder and CEO of IT-on-demand.com, talks with Chip Barnett about what municipalities should do before, during and after a cybersecurity attack to keep their systems secure from hackers. (19 minutes)
June 1
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June redemptions will be the highest of the year at $50.6 billion. New-issue supply — 30-day visible is currently at $15.5 billion — is unlikely to keep up.
May 31
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Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state's fiscal 2022 tax revenue estimates.
May 31
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Total May volume was $31.167 billion in 750 deals versus $35.358 billion in 1,295 issues a year earlier. In a continuing trend, new-money issuance was up 14.2% in May year-over-year.
May 31
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The Bankruptcy Judge extended the deadline for PREPA debt negotiations to July 1 and bondholders expressed frustrations, warning they may seek full repayment if a deal is not made.
May 31
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State officials warn that federal infrastructure funds may be lost if lawmakers don't act on new authorizations.
May 31
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After nine months of a soft closure, two Nuveen high-yield mutual funds will resume accepting purchases from new investors in the face of improved market conditions.
May 27
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The rapid swing to lower yields over the past week has led to a sunnier outlook for the summer reinvestment season, but uncertainties on the economic front, rate volatility, and supply questions hang overhead.
May 27
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Investors will be greeted Tuesday with a decrease in supply with the new-issue calendar estimated at $2.691 billion in $1.786 billion of negotiated deals and $904.9 million of competitive loans.
May 26
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Chicago's decades-long casino chase has moved closer to reality with Mayor Lori Lightfoot banking on the fiscal jackpot to help fund the city's pensions.
May 26
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Rising home values are putting the spotlight on property taxes in Texas, where state lawmakers are eying tax relief options even as previously approved measures slow the growth in tax bills.
May 26
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The Securities and Exchange Commission has come forward with a proposal that would expand the Names Rule to include any language associated with ESG related metrics.
May 26
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All parties except for the Unsecured Creditors Committee support the extension.
May 26
