Coronavirus

The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.

As hospitalizations surge because of the new coronavirus variant, Fitch Ratings and Kaufman Hall warn of threats to not-for-profit healthcare's fiscal recovery.

Tom Kozlik, head of municipal strategy and credit, Hilltop Securities

John Ceffalio, Senior Municipal Research Analyst at CreditSights, talks with Chip Barnett about what to expect in the second half of the year. He discusses municipal bond market fundamentals, credit and climate disclosure. And he looks at the pandemic’s long-term risks for U.S. cities as the work-from-home culture becomes stronger and how higher education will cope with a new reality. (18 minutes)

Community banks have played and will continue to play a key role in supporting local economies across the country. Join us in a lively conversation with Dennis E. Nixon, President & CEO of International Bank of Commerce (Laredo, Texas) & Chairman, International Bancshares Corporation and Eddie Aldrete, Senior Vice President at International Bank of Commerce as we discuss: (1) the need for bankers and the business community to become involved in political issues. From minimum wage and issues that affect small businesses to regulatory issues that directly affect the banking industry, banking and business leaders need to be thought leaders in the public conversation and (2) how bankers can play a pivotal advocacy role in the free trade process.

The regional Fed bank said it was making the move “due to the recently elevated COVID-19 health risk level in Teton County, Wyoming.”

In his annual revenue speech, Virginia Gov. Ralph Northam highlighted the state’s record reserves, budget surplus and optimistic economic outlook.

Kentucky Gov. Andy Beshear talks with Chip Barnett about economic progress the Commonwealth has made this year and how the state-local government partnership strengthened during the pandemic. He describes the heartbreaking human cost of the virus, the deadly toll it took on residents and why the Delta variant is a continuing cause of concern. (14 minutes)

The announcement came after the municipal advisors trade group said it had received a report of COVID-19 exposure at a testing site.

The $1.4 billion seaport revenue refunding bond deal Wells Fargo will price next week will be the largest port transaction since the COVID-19 pandemic began.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

The reserve was used to make a $9.3 million Aug. 2 payment on about $290 million of debt. About $9.3 million is left in the fund, enough for the Feb. 1 payment.

BlackRock and Wells Fargo are pushing their return-to-office plans back by a month into early October.

“Kentucky’s economy is on fire,” says Gov. Andy Beshear, after the state passed the $2.2 billion mark of total planned private-sector investment this year. But COVID's Delta lurks.

Effective spread data yielded interesting results about the way corporate and municipal bonds were treated by Fed backstop programs.

The rating agency also affirmed the ratings on 18 large airports and major airline hub facilities across the United States.

Pitfalls loom despite improved bond ratings and an improving fiscal picture, according to members of the state's fiscal control board.

New York's governor denied allegations by state Attorney General Letitia James' office that he engaged in unwanted groping and comments of a sexual nature.

The city sees room for a new convention hotel, despite nearby competition and pandemic-related setbacks.