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Affluent, urban communities enjoy a natural edge when it comes to competing with their less-resourced rural peers for the new infrastructure funds.

An MSRB analysis finds that trading volumes have fallen dramatically since the Great Recession, led by a drop in short-term paper, while trading surged at certain times of uncertainty and market dislocation.

Valuations look increasingly attractive relative to other fixed income asset classes, even as rising interest rates continue to weigh on the market, strategists say.

Gov. Gavin Newsom's focus on voluntary water conservation has not brought much in the way of water conservation — consumption grew 19% year-over-year.

During his confirmation hearing, Jefferson’s experience and commitment to follow the Fed’s limited mandates had earned Republican plaudits, while Democrats have praised his research on poverty and the diversity he’ll add to the board.

Daily report for May 12, 2022

The Illinois Sports Facilities Authority's hotel taxes are on the rebound but Chicago is on the hook for a $28 million debt service gap this year.

Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week. 

While expenditures also grew, revenues came in 4.5% higher than projections and were higher than the authority's cost growth.

Oregon State Hospital's Junction City campus has three months to correct problems after an investigation revealed lax supervision.

Logan, 49, currently oversees implementation of the Fed’s monetary policy as manager of the Fed’s $9 trillion securities portfolio and executive vice president of the Federal Reserve Bank of New York, where she has led Market Operations, Monitoring and Analysis since 2012.

The Louisiana House passed a bill to limit firms that "discriminate" against the firearms industry from government business. A similar bill was vetoed last year.

The Michigan State University economist endured a grueling political fight over her nomination and secured a party-line vote in her favor on Tuesday night. 

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.”

As ETFs take a larger bite of the market, VanEck discusses how sustainable investing will contribute to the muni space.

Daily report for May 11, 2022

NOTICE IS HEREBY GIVEN to the holders of the bonds set forth below (the “Refunded Bonds”) of the defeasance of such bonds. In accordance with the General Bond Resolution of the South Central Connecticut Regional Water Authority (the “Authority”), there have been deposited with the Trustee on May 3, 2022, monies, which have been invested by U.S. Bank National Association in direct obligations of the United States of America, the principal of and the interest on which when due will provide moneys which shall be sufficient to pay (i) interest on the Refunded Bonds due and to become due on or prior to the Redemption Dates or maturity date, and (ii) the principal or the Redemption Price of the Refunded Bonds and accordingly the Refunded Bonds are deemed to be paid in accordance with Section 1101.B of the General Bond Resolution.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $236,185,000 principal amount of the Bonds will be redeemed on June 1, 2022, at a Redemption Price of 100.00%, together with interest accrued to June 1, 2022 interest on the Bonds shall cease to accrue.

New York Dormitory Authority school bonds and Northwell Health priced and upsized, while Wisconsin and Oregon offered general obligation bonds. Analysts say municipal curves are oversold, creating a buying opportunity.

The recent Texas law led the Texas Department of Housing and Community Affairs to drop three underwriters from a recent deal late in the process.