Commercial banking

Bond trustee UMB Trust has engaged Lighthouse Management Group to serve as the receiver.

February's volume was at $33.725 billion in 622 issues, up 1.6% from $33.191 billion in 614 issues in February 2024, according to LSEG data.

The American Securities Association in a brief filed in the U.S. Court of Appeals for the Eleventh Circuit said an SEC order should be set aside because the MSRB is unconstitutionally structured.

A state-by-state review of 2024 yearend issuance in the Far West.

Issuance in the Far West was up 30.8% year-over-year to $98.9 billion. Muni market observers say issuers tried to beat the uncertainties of the election.

Daily report for February 28, 2025

One California city has found that corralling a joint powers authority isn't easy.

While UST yields rose up to five basis points out long Thursday, the current rally "that has taken the 30-year UST closer to where the 10-year yield traded a week ago has not impacted the same range in munis," said Kim Olsan, senior fixed income portfolio manager at NewSquare.

It marks a major step forward for the long-stalled high-speed train project between Dallas and Houston.

Olivia Zhao is a business and global affairs student at Georgetown University and a research assistant at the Psaros Center for Financial Markets and Policy, McDonough School of Business.

The planned fiscal 2026 increase in bonding is expected to continue for several years.

S&P cited the government's improved fiscal position as a factor in the positive outlook.

The House moves the ball forward in the budget battle with an approved plan as public finance leaders lay out the strategy for saving the tax-exempt status of municipal bonds which provides a tempting target for lawmakers searching for ways to pay for promised tax cuts.

A voter-approved charter amendment requiring a bigger police force spurred Moody's Ratings to revise its outlook on the city's A1 bond rating to negative.

Seconds – even just one of them – count, FINRA's fining of MarketAxess shows

The Senate hearing comes as lawmakers start to shape the next surface transportation bill.

Chicago's City Council on Wednesday approved the sale of $830 million of general obligation bonds that Mayor Brandon Johnson says will fund infrastructure improvements.