Commercial banking

What's happening to the muni market is the "confluence of modest selling (via fund outflows and retail perhaps pausing during tax season); a heavy new issue calendar; and very thin near-term reinvestment expectations," said Matt Fabian, a partner at Municipal Market Analytics.

Another big deal from a major borrower is moving forward after Rochester's City Council last week approved a conduit bond sale for the Mayo Clinic.

The American Securities Association's federal appeals court case regarding an SEC order has been stayed until Aug. 13.

The state treasurer is seeking someone willing to take the role on a permanent basis.

Sam Sullivan is senior account manager of equipment funding at Summit Funding Group, an Ohio-based lender specializing in lease financing for health facilities nationwide.

Goldman Sachs was tapped to lead a sales tax revenue bond issue to finance an arena to replace Paycom Center, home of the NBA's Thunder.

Colleges and universities have already begun hiring freezes and spending cuts, dialing back research and rescinding offers to Ph.D. candidates, the rating agency said.

Houston, Phoenix, and Dallas are taking action to address fiscal challenges brought on by litigation, state actions and a ballot measure.

The American Society of Civil Engineers released its infrastructure report card, which shows that billions spent on infrastructure is having overall positive effects on the condition of the nation's bridges, highways, and ports.

Daily report for March 25, 2025

Edgar J. Garrett Jr. is a professor of legal studies, college of business at East Texas A&M-Commerce.

Augustine C. Arize is regents professor of economics and business management at East Texas A&M-Commerce.

Jared joined ADP Research in 2023 as a Research Analyst. He brings with him a lifelong passion for the social sciences and a desire to better understand and contribute in a meaningful way to the world of work.

Lighter supply, at an estimated $7.9 billion, and still-attractive valuations should allow for solid muni performance this week, said J.P. Morgan strategists.

A bill in Oregon would tax professional baseball players to fund $800 million in bonds for a stadium to attract a Major League Baseball team.

Plaintiffs are challenging Oconee County's use of general obligation bonds repaid by taxpayers countywide to fund sewer improvements serving a small area.

NewEdge Securities was also ordered to pay disgorgement of $750,746 plus interest.