Investments

Alaska, California, Hawaii, Washington, Louisiana and New York have the worst-performing, least cost-effective roads and bridges, according to Reason Foundation's latest report.

The Oversight Board's effort to confirm a "a legally infirm cramdown plan is patently flawed and will add years of litigation," the bondholders said.

While the White Lake, Michigan, township hack is the best-known and publicly disclosed cyberattack, there have been others. Some issuers and firms are reluctant to share these experiences publicly.

The U.S. Congress is considering eliminating the federal tax exemption for municipal bonds, the single most important financing tool for cities and towns across America. If they do, the cost of building and maintaining infrastructure — roads, bridges, schools, water systems, and even broadband networks — will skyrocket.

"The supply/demand dynamic is a headwind for the muni market this week as supply is expected to be elevated," said Cooper Howard, a fixed income strategist at Charles Schwab.

SEC probe relating to a cyberattack on a Michigan township's bond sale could involve looking into whether investors are getting an accurate picture of the issuer's credit risk, a former SEC enforcement attorney said.

If the seven states dependent on the Colorado River don't craft a new operating agreement, the federal government could end up doing it for them.

A city-created corporation plans to issue bonds for the mass transit project, paid off with a voter-approved hike in the maintenance and operations property tax.

Court challenges to self-regulatory organizations may have the potential to trigger a financial crisis, a law professor warns.

Iowa is considering two bills to expand disaster assistance to local communities, including via a revolving loan fund that may be funded with bonds.

"The ever-shifting narrative regarding President Trump's tariff policies is throwing fuel on the fire of unpredictability," said SWBC's Chris Brigati.

The BDA met last week ahead of the House Ways and Means launching talks on what the reconciliation tax package may include.

State Treasuer Brad Briner said he hopes a longer maximum maturity will lead more borrowers to use the state conduit instead of the Public Finance Authority.

Muni advocates are stepping up pressure on Congress to take the elimination of municipal bond tax exemption off the menu by exploring alternatives and providing numbers showing how short term gains will become long term losses.

The market rally "took a bit of a breather last week, with yields rising across the curve," said Daryl Clements, a portfolio manager at AllianceBernstein.

Alaska Gov. Mike Dunleavy signed legislation approving the issuance of up to $135 million in revenue bonds to replace a cruise ship terminal.

In 2017, the BDA hired a lobbying firm as Congress wrote a tax reform bill. This time, the group opted for a strategic communications firm.

A united Republican vote for the continuing resolution could indicate the GOP's ability to gather support for the more complex reconciliation bill.

Moody's Ratings has placed Washington D.C.'s credit rating on review for a possible downgrade for all debt classes due to the Trump administration's cuts to the federal workforce.

Glenn Hegar, the state comptroller since 2015, was chosen as the next chancellor for the Texas A&M University System by its board of regents.