Investments

Gov. Phil Murphy highlighted pensions and fiscal responsibility in his budget address. 

"March is not an overly positive month for munis, but a lot will depend on U.S. Treasuries," said Barclays strategist Mikhail Foux.

A new report identifies reforms to speed up the regulatory process and reduce costs for infrastructure projects in California.

The U.S. Department of Transportation is signaling a change in infrastructure emphasis by pressing the District of Columbia to address safety issues on the city's streets while also pushing Amtrak and WMATA to boost security and curtail fare evasion.

The case related to an attorney the firm used as a consultant in negotiations related to Puerto Rico's debt restructuring.

Trustees of New Jersey City University voted to approve the pursuit of a merger with Kean University, a larger fellow state university 12 miles away.

The MSRB said its board at a previously scheduled meeting Thursday authorized the filing of further amendments to Rule G-14 .

The $550 million deal from an issuer with two triple-A ratings includes about $250 million for refunding and an $85 million taxable piece.

The bankruptcy judge planned a hearing on the topic for March 19.

"Markets fixate on one risk at a time, and there's no shortage right now. Volatility has spiked, liquidity is thin, and buyers are sidelined — but that's temporary," said James Pruskowski, chief investment officer at 16Rock Asset Management.

Ordinances pending before the city council would authorize up to $325 million of interim financing that would be refunded with fixed-rate, 30-year bonds.

Investors like the 10-year area of the curve because "if they're buying duration, the tax-exempt market is usually going to be one of the best places to buy," said Wesly Pate, a senior portfolio manager at Income Research + Management.

Future generations will benefit if we don't give up on breakthroughs in medicine or energy. That's why research Trump is cutting should be funded with bonds.

FINRA found that Tradeweb had violated an MSRB rule by failing to include the 'NTBC indicator' when reporting certain municipal securities transactions.

With at least one important aquifer reaching peak allowable draw this year, Florida's water utilities are looking at a variety of infrastructure approaches.

Issuance remains heavy this week, but while it's elevated, the muni market is "structurally undersupplied," meaning if 2024's record level of $500 billion-plus of issuance was doubled, the market could still digest it quite well, said Wesly Pate, a senior portfolio manager at Income Research + Management.

Missouri lawmakers have opened a new salvo in the battle with Kansas over who gets to fund new stadiums for the Kansas City Royals and the Kansas City Chiefs.

Mass deportations and tariffs on key trade partners are expected to have a "significant" negative impact on the U.S. and California economies, according to the UCLA Anderson Forecast.

The Texas city, which is considering an $800 million general obligation bond election next year, expects to issue nearly $400 million of debt in 2025.

The House Committee on Transportation and Infrastructure is in the early stages of hammering out a surface transportation bill designed to prop up the Highway Trust Fund while House Ways and Means tinkers with a tax deal.