Commercial banking

Introducing The Bond Buyer's newest class of Rising Stars, who will be honored at an awards dinner in Boston on Sept. 30, 2025.

Following last year's record volume, long-term municipal issuance is exceeding that pace through the first half of 2025.

A state-by-state review of 2025 midyear issuance in the Northeast.

Municipal bond insurance volume grew 12.6% in the first half of 2025 year-over-year, according to LSEG data.

Electric power bond issuance was up 47.8% and educatron issuance was up 31.6% from the first half of 2024.

Rising underwriting spreads are a "flashing neon sign that the muni market is still nursing the hangover from higher rates and choppy flows," said James Pruskowski, an investor and market strategist.

The market saw elevated issuance, with an average of $10 billion to $12 billion of supply per week.

Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.

Daily report for August 18, 2025

The trustees of the University of Pennsylvania entered into a $300 million loan this month as part of a broad strategy to ensure access to liquidity.

Issuance for the week of Aug. 18 remains elevated at an estimated at $6.166 billion, with $5.065 billion of negotiated deals and $1.101 billion of competitive deals on tap, according to LSEG.

Louis "Louie" Zitting is the Founder of MonitorBase and General Manager of Credit at MMI.

California Sen. Dave Cortese proposed the bill as the state grapples with a shortage of affordable housing.

Little Rock, Arkansas-based Stephens Inc. consented to FINRA's findings without admitting or denying them.

Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.

President Trump's move to take over the Washington D.C. Metropolitan Police Department by deploying the National Guard is spawning a request to Congress to establish a security fund that could also be used for infrastructure improvements.

Medicaid cuts and tariffs are expected to pressure already struggling small rural and urban hospitals, including 18 in California that borrowed from the state.