Investments

Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.

"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.

The rating agency lifted the state's general obligation and other ratings by a notch, citing well-established and prudent governance practices.

Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.

Overall, the top underwriters saw minor shuffling last year, and no new firms entered the top 10.

The second-largest public school system in Texas could ask voters to approve as much as $6.24 billion of bond authorization as soon as in May.

Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.

The governor's $348.9 billion budget would boost education but targets housing investors.

Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.

New York's governor and mayor called Manhattan's cordon toll a success on its first anniversary, but congestion pricing has not cleared all legal hurdles.

"With decent job growth in December and a downtick in the federal funds rate, the Federal Reserve will likely hold the federal funds rate steady at [its] next decision in late January," said Comerica Bank Chief Economist Bill Adams.

Munichain says its product will simplify and vastly improve the ordering process.

Average trade size continued to decline in 2025, "consistent with a market that is becoming increasingly more electronic," the MSRB said.

Attorneys and lawmakers are working through questions from clients and water authorities about finalized drinking water rules by the EPA regarding "forever chemicals."

New Jersey Transit CEO Kris Kolluri will keep his role under Gov.-elect Mikie Sherrill, and add a second position overseeing the state's two major toll roads. 

It's the first time the regulator has named VRDO rate-resetting process as an area of review.

The platform uses AI to provide users with an analysis of any municipal bond issuer by centralizing all data and delivering easy-to-understand results instantly, its developer said.

Los Angeles plans to price $86 million in bonds off its Proposition HHH bond measure, closing out the $1.2 billion GO authorization from 2016.

Chicago Chief Financial Officer Jill Jaworski will join the nonprofit that controls Navy Pier.

The mayor-elect expects the reductions in staff will reduce payroll by $27 million.