Capital markets

The market awaits Gov. J.B. Pritzker's fiscal 2021 budget proposal next month before turning to November's progressive income tax vote.

Wells Fargo will be joint senior manager on a $1.4 billion deal, its first negotiated California deal since State Treasurer Fiona Ma lifted a ban.

Moody's Investors Service assigned a negative outlook to the college's Baa2 rating.

With demand at an all-time high and record inflows that is continuing to come into the market, one would think there would be more issuance.

Miroslava Mejia Krug is a veteran of top fiscal posts at two Chicago-area private higher education institutions.

The state sold tax-exempt refunding debt at 2019 rates but won't deliver them until 2021 when the call date of the original bonds is reached.

The Palmyra-Eagle district can't dissolve, and must find a way to close a looming budget gap as its reserves and enrollment dwindle.

Whether new dedicated revenue for the MTA or its higher total debt holds more sway in the capital markets remains an open question.

Although municipal bond volume is expected to rise by almost $2 billion, it won’t be nearly enough to satisfy investors’ thirst for the asset class.

Rhode Island's governor is asking lawmakers to forward $269 million worth of initiatives to voters.

The mayor warned about looming state Medicaid cuts in his media briefing on the preliminary spending plan.

Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.

The first hard evidence of how this is affecting ratings in the public finance sector came from a downgrade two months ago involving Princeton Community Hospital in West Virginia.

The state expects to set senior and co-manager pools with up to 15 firms each for an initial four-year term.

S&P dropped the the nation's second-most-populous county — one of many Illinois governments struggling with retirement plan funding — to A-plus from AA-minus.

Demand for municipal bonds is much stronger in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week.

The former FTN Financial increased its underwriting numbers in 2019 and parent First Horizon National merged with Iberiabank of Louisiana, adding more heft.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

The Palmyra-Eagle Area School District says it will run out of operating funds in the next school year.

Bill Carabasi has 37 years of sales and trading experience in the fixed income and municipal bond markets.