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A state-by-state review of 2021 issuance in the Northeast.
February 28 -
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The new-issue calendar is $5.45 billion while 30-day visible supply sits at $11.14 billion. The largest deal of the week comes from the New York City Municipal Water Finance Authority with $793.83 million.
February 25
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The city's current trajectory could drive per-unit costs to $1 million, according to the audit by City Controller Ron Galperin.
February 25
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Lawmakers are being asked to put off a deadline to consolidate suburban Chicago and downstate police pension assets and extend the deadline for funds to reach a 90% funded ratio by 10 years.
February 25
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The board also says the bondholders' proposed deadlines for completing a restructuring are too tight.
February 25
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Fitch also affirmed the city’s AA-minus general obligation bond and issuer default ratings.
February 25
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Municipal bond issuance in the region was down 11.7% year-over-year in 2021, as new money, refunding, taxable and tax-exempt volume all slipped.
February 25
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Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.
February 25
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“With inflation well above the FOMC’s longer-run objective and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Fed said.
February 25
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Pandemic-related aid helped raise the proportion of state revenues coming from the federal government to record highs in fiscal year 2020, Pew Research found.
February 25
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A state-by-state review of 2021 issuance in the Far West.
February 25 -
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Investors yanked $1.154 billion out of municipal bond mutual funds in the latest week, Refinitiv Lipper reported.
February 24
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Gov. Steve Sisolak plans to dedicate $500 million in federal funds to developing affordable housing.
February 24
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The Illinois Sports Facilities Authority projects a fiscal 2022 shortfall in hotel tax collections needed to repay the annual state advance that covers debt service.
February 24
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Issuers in California sold more than $86 billion of municipal bonds in 2021.
February 24
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Some public finance, racial justice, and congressional advocates say baby bonds are needed like never before to combat wealth inequality.
February 24
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The Securities Industry and Financial Markets Association has bolstered its team with the additions of Jennifer Jacoby, Matthew Grinney and Nick Key.
February 24
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A judge has ordered the state to reconsider its rejection of a bid for a $9 billion P3 for new toll lanes, a move that could delay Gov. Larry Hogan’s priority project.
February 24
