Economy

The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.

"I think generally there is an over-emphasis placed on the takedown at the expense of considering the overall cost of the transaction," Nikolai Sklaroff, capital finance director at the San Francisco Public Utilities Commission, said.

Craig Kornett embraces his new work environment as he starts to settle into his position at TD Securities.

The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.

"My 10 years at Academy Securities building out the municipal platform while mentoring military veterans has been the highlight of my career," Kolman said.

As budget reconciliation finally moves past the Senate, Aggie bond advocates are reintroducing the Modernizing Agricultural and Manufacturing Bonds Act.

The Fed is expected to hold steady for the rest of the year as it navigates a renewed inflationary environment, according to the UCLA Anderson Forecast.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.

Market Intelligence analyst Jeff Lipton explains why energy prepays have become a popular SMA allocation for yield and diversification, while warning that financial institution counterparty concerns and "guilt-by-association" bank headlines can still trigger episodic spread widening.

The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.

Flagstar — one of the largest regional banks, operating around 340 locations across nine states — recently hired four senior executives.

Rating agencies, infrastructure analysts and stakeholders are asking questions about the modeling assumptions underpinning data center financings.

PNC added bankers to its higher education and West Coast teams.

Among the reasons S&P cited for the upgrades are "very high activity levels and long history of favorable enplanement trends."

The Missouri Highways and Transportation Commission will sell the third lien state road bonds in a competitive deal set for auction on Tuesday.

Market Intelligence analyst Jeff Lipton distinguishes impairment from default in unenhanced conduit multifamily credits and explains how occupancy declines, covenant breaches and reserve draws can trigger severe price discovery long before a payment miss occurs.

Hennepin County Medical Center operates one of the state's busiest emergency departments, and most patients are uninsured or on public insurance like Medicaid. 

Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.

The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.