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Texas Sen. John Cornyn urged counties to continue to lobby for a bill that would allow ARPA funds to be used for transportation infrastructure and disaster relief.
February 14
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Four Texas defaults reflect a sector that accounts for half of this year's municipal bond defaults, according to Municipal Market Analytics.
February 14
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- Other Legal Notices
On February 10, 2022, School District No. 1 of York County, South Carolina (the “School District”) delivered its $37,047,000 General Obligation Refunding Bond, Taxable Series 2022 (the “Refunding Bond”). The proceeds of the Refunding Bond have been applied to (i) effect the defeasance of the School District’s General Obligation Refunding Bonds, Series 2015A, dated March 18, 2015, maturing on and after March 1, 2028, and (ii) pay the costs of issuance of the Refunding Bond. This notice is given in accordance with Section 11-21-50 of the Code of Laws of South Carolina 1976, as amended.
February 14 -
Dennis Gingold, co-founder of the Reserve Trust company, says Republican allegations that central bank nominee Sarah Bloom Raskin behaved unethically in interacting with the Federal Reserve Bank of Kansas City while serving on the company's board are “completely false.”
February 13
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Municipal yields rose up to 10 basis points on the short end, playing catch up to the volatility of Treasuries' moves on Thursday. Rising UST rates will inevitably be more significant for munis until they settle into more stable levels.
February 11
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The SEC terminated its latest proceedings against the city after an independent consultant found the city was in "substantial compliance" with a 2014 judgment.
February 11
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House fails to approve budget amendment allowing payment to bondholders.
February 11
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The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.
February 11
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In an interview on Thursday, Federal Reserve Bank of St. Louis President James Bullard discussed his outlook for monetary policy following a report showing surging consumer prices.
February 11
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Between unspent money from last year and excess revenues, Oregon lawmakers have nearly $1 billion of extra money to spend.
February 11
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Refinitiv Lipper reported the first inflows into municipal bond mutual funds at $216 million after three weeks of large outflows while high-yield saw small outflows. Exchange-traded funds reported $755 million of inflows.
February 10
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The board said a stay would inflict serious harm on Puerto Rico by plunging it into “financial chaos,” send the bankruptcy process “back to square one,” and would “needlessly delay the commonwealth’s economic recovery.”
February 10
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Michigan Gov. Gretchen Whitmer's proposed budget provides mostly one-time spending hikes, makes a modest deposit into the rainy day fund, and offers targeted tax relief.
February 10
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The feds said they expect states to partner with private entities to develop and operate the electric vehicle charging networks.
February 10
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An unfortunate custom in municipal finance is to discount every cash flow with the same rate, namely by the yield of the refunding issue. This underestimates the worth of nearby savings, and overestimates that of savings in the distant future.
February 10
Andrew Kalotay Associates Inc. -
Sarah Bloom Raskin tried again Wednesday to assuage Republicans’ concerns about her hawkish stances on mitigating climate risks ahead of a vote on her nomination to be Wall Street’s top bank regulator.
February 10
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The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.
February 10
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