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Oklahoma hopes to close on a federal loan this summer for rural highway construction and improvements that would tap into $200 million of borrowing authorized by a 2021 state law.

Daily report for April 19, 2022

The Federal Reserve has hired five executives from the stablecoin issuer Circle and at least one employee of Ripple since 2019 as part of its technology-focused recruiting efforts. It plans to do more hiring in the years ahead to aid its work on faster payments and central bank digital currencies.

Investors pulled more from municipal bond mutual funds last week, with Refinitiv Lipper reporting $4.106 billion of outflows, bring the total to $22.3 billion of outflows year-to-date.

Moody's views 16 first time payment delinquencies over the last two years impacting $1.46 billion of debt as related to the pandemic's toll on the senior-living sector.

The Oversight Board says an adversary complaint affecting HTA claims remains active, contradicting a statement made to the court last month.

Surface transportation groups like AASHTO want a phased implementation of the IIJA's Buy America policy.

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

The 12 announced transactions in the first quarter marked the lowest since Kaufman Hall began tracking the activity in 2016.

Daily report for April 18, 2022

The White House says the president will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act, as the central bank's vice chair for supervision.

Continued market demand means not-for-profit hospitals must think about their ESG strategy, according to a Kaufman Hall analyst.

Like last week, supply for the new-calendar issuance is light at $4.804 billion with $3.182 billion of negotiated deals and $1.622 billion of competitive loans.

New York’s $220 billion fiscal 2023 budget focuses on environmental and social issues while staying in balance with federal aid and projection-beating revenue.

Moody's deemed the temporary gas tax holidays implemented in several states credit negative.

The second quarter should bring more opportunity and less volatility following the worst quarter in four decades, analysts said.

Fitch Ratings revised its outlook to stable from negative on the state's A-plus rating, two weeks after the state received a positive outlook from S&P.

Daily report for April 14, 2022

The state’s personal income tax revenue and sales tax revenue bonds were also lifted from Aa2. Related credits were also upgraded. The rating outlook is stable.

Investors pulled more from municipal bond mutual funds as the Investment Company Institute on Wednesday reported $4.786 billion of outflows, up from $4.459 billion of outflows in the previous week.