Investments

The city faces hundreds of child sex abuse claims stemming from a former after-school program volunteer. A recent state law opened the window for old claims.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

Munis saw cuts, albeit small ones, for the first time in nearly two weeks as yields rose up to four basis points, depending on the scale.

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.

Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.

Backers of a voter-approved public safety funding proposition that led to a negative rating outlook by Moody's said the budget fails to comply with the measure.

Capital Group joins a small, but growing number of shops that have added, or considered adding, muni ETFs to their model portfolios.

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.

The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.

By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.

Walter O'Connor's decades-long tenure as a municipal bond portfolio manager at BlackRock will come to an end next year. 

The deal is expected to conclude in the summer of 2026, and at that time Elon University will operate Queens University of Charlotte.

The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."

As the "slope of the municipal yield curve remains extremely steep and long bonds are cheap relative to U.S. Treasuries," Daryl Clements, a portfolio manager at AllianceBernstein, predicts "long municipal bonds have a long way to go until they are considered fair value."

A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.

Minnesota plans to go to market Sept. 23 with a $1.27 billion general obligation bond sale.

Bond attorneys are eyeballing the possibility of attaching a tax title to the surface transportation reauthorization that could include issues of great interest to the municipal bond community as the appropriations process remains stuck in first gear.

Despite the expected rate cut, analysts will be watching the Federal Open Market Committee's actions for other reasons.

Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.