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A national high-speed rail coalition penned a letter to the state's Democratic leaders saying allocating bond funds for the state's high-speed rail project would encourage federal support.
May 6
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Mohamed El-Erian, a closely followed bond-market strategist, says the Federal Reserve has a trust problem with financial markets and the nation over inflation.
May 6
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Shorter-dated and high-yield credit will be more likely to succeed in the current volatile environment.
May 6
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“The racial wealth gap is wide and growing and we need innovative policies like Baby Bonds to begin addressing it right away," says Shira Markoff of Prosperity Now.
May 6
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NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $326,255,000 principal amount of the Bonds will be redeemed on June 15, 2022, at a Redemption Price of 1 00.00%, together with interest accrued to June 15, 2022, interest on the Bonds shall cease to accrue.
May 6 -
NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $693,260,000 principal amount of the Bonds will be redeemed on June 15, 2022, at a Redemption Price of 100.00%, together with interest accrued to June 15, 2022, interest on the Bonds shall cease to accrue.
May 6 -
Wisconsin's debt manager Dave Erdman will make the leap to the private sector when he exits state employment after three decades.
May 5
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A spending limit formula voters set in 1979, combined with surpluses in the tens of billions of dollars, put California lawmakers in a quandary.
May 5
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Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.669 billion of outflows, though down from $2.875 billion of outflows in the previous week.
May 5
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Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.
May 5
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Analysts agree with Moody's that the island still faces financial risks.
May 5
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The infrastructure package features $5.4 billion to fight wildfires. Issuers like California's Yuba Water Agency say the money is a game changer.
May 5
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The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm.
May 5
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The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.
May 5
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Outflows continue with the Investment Company Institute reporting $5.371 billion pulled from muni bond mutual funds in the week ending April 27. Exchange-traded funds saw inflows at $1 billion.
May 4
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The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.
May 4
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The Oklahoma Turnpike Authority received state approval on Wednesday for a $200 million revolving line of credit to jumpstart its $5 billion expansion program, but will not be able to spend a portion of the money unless a lawsuit is resolved in its favor.
May 4
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Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.
May 4
