Capital markets

The region's municipal bond issuers borrowed $40.4 billion during the first half of the year as record low rates more than tripled refunding activity.

Joe Torsella said the online tool will help portray long-term drivers of the state’s financial picture.

Low rates in an economic crisis brought a plethora of Southwest municipal bonds to market, and some see a strong second half coming.

A surge in taxable muni volume has overall issuance 18% higher in the first half of 2020.

The housing and transportation sectors had the biggest declines in municipal bond volume.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

The structure in which bonds are backed by a lease of city streets is being used in the Southern California cities of Torrance and West Covina.

State economists project Florida will lose $5.4 billion of general revenues over the next two years, partly from reduced sales and lack of tourism.

The mass transit agency, its finances reeling from the coronavirus, rejected bids from 10 different banks and sold $451 million of notes to the Municipal Liquidity Facility.

Its $125 million taxable social bond follows a $1 billion Ford Foundation deal as part of a multi-foundation pledge in response to the COVID-19 pandemic.

Gilt-edged Georgia boosted the amount of its borrowing this year to support the state's economy amid the COVID-19 pandemic, state official say.

Lauren Sobel, a municipal bond analyst at Bank of America, died in a rock climbing accident in Gardiner, New York.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Federal Judge Mark Cohen formally closed out the lawsuit between the two utilities and Jacksonville after a term sheet was posted settling the litigation.

Hector Matos brings years of experience as a Texas school finance expert and Citigroup banker to Raymond James' new San Antonio office, the firm said.

Huntington says the Michigan team that came over from Hilltop has experience covering local school districts and governments as well as the state.

The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

The coronavirus is adding to strains bearing down on the city that serves as home to Southern Illinois University's flagship campus.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.