Investments

Butler Snow and Stradling Yocca Carlson & Rauth were new entrants to the top 10 year-over-year, knocking Chapman and Cutler and Nixon Peabody to the top 15.

Debt requests are escalating as the Lone Star State accommodates a growing population and addresses aging infrastructure.

All sectors of the muni market posted gains in April, Kim Olsan wrote, exemplifying the market's better-than-expected resilience.

Last year, 23 active ETFs launched along with nine passive ones. While the first quarter of the year bucks that trend as one active ETF launched compared to three passive ones, things could change the rest of the year, analysts say.

Fitch Ratings on Monday echoed a prior move by Moody's Ratings to revise the state's outlook to negative.

Muni advocates are watching Congress move towards a second reconciliation bill that may not require any provisions that pay for funding DHS, and the possibility of a third, tax-focused bill.

Veteran public finance banker Shawn Dralle has joined Los Angeles County as assistant-treasurer tax collector.

With no rate change expected, analysts look at Fed chair nominee Kevin Warsh and how investors should position.

Three universities in the Northeast found a market for their bonds despite larger headwinds for the higher education sector in the region.

While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.

"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."

The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.

The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .

"Investors typically start positioning for heavy summer redemptions in summer, so the market typically performs well enough through the first half of June and we do not believe that this year will be any different," Barclays strategists said.

The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.

Jay Leno, longtime comedian, TV host and car enthusiast, promoted an upcoming municipal bond deal in a video for Hollywood Burbank Airport.

Researchers examined more than 580,000 municipal bond issues and say the data shows communities with higher wildfire risk pay higher interest rates.

It was another "topsy-turvy day" for munis, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital. Munis have been weaker on the front end for a few days, leading to a slight inversion of the curve, starting around the 2028 maturities, Olsan said.

Market Intelligence analyst Jeff Lipton revisits the taxable muni market's expansion from the 1986 tax reforms through the BAB era, showing how call features, policy changes and rate cycles influence issuance, and why taxable munis remain a flexible tool for issuers and investors.

The state Supreme Court's ruling comes in a case that targeted the 2022 issuance of nearly $687 million of ratepayer-backed bonds for a utility company.