Investments

"It became apparent that building this new critical care, advanced care bed tower was a strategic imperative," said John Morgan, interim CFO at WMCHealth.

The top five bond financings came in above $9 billion.

Supply has "declined materially, allowing dealers to take a breather, with their inventories dropping significantly, while retail investors do not seem to be spooked by rate volatility, lower taxes and possible threats to the tax-exempts, and continued putting money into tax-exempts at a brisk pace," said Mikhail Foux, managing director and head municipal research and strategy at Barclays.

George Joseph McLiney, Jr. founded municipal bond underwriting firm McLiney and Company. He was devoted to his family and small issuer clients.

The tools come with risks, like legal challenges to "polluter pay" funds or potential corporate departures with cap-and-invest programs.

Longtime firm members Elaine Brennan and Charles Stavitsky hope to maintain continuity after their promotions. 

The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.

High-yield funds saw $608.9 million of inflows compared with inflows of $150.3 million the week prior.

"Volatility creates all kinds of opportunities in the municipal space, not just for tax-loss harvesting, but for positioning and parts of the yield curve that might be undervalued or certain sectors or states that are poised to perform well going into yearend," said Tim McGregor, a managing partner at Riverbend Capital Advisors.

AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.

The Republicans are using "magic math" to disguise the cost of extending the TCJA, Sen. Elizabeth Warren said.

The future of infrastructure spending in doubt, helping to drive unity among professionals who interact with the municipal market.

Federal Agencies are requesting billions of dollars to aid states in disaster recovery efforts.

Skeptical lawmakers, a new administration in Baton Rouge, and construction change orders all meant repeated delays in commercial close of the P3.

The top 10 bond counsel for healthcare deals accounted for $12.32 billion in 63 deals in the first half of 2024.

Municipals are outperforming USTs to a large degree this month, with investment grade munis seeing positive 0.81% returns in November and 1.63% year-to-date. USTs are in the red at -0.40% in November with only 0.96% positive returns in 2024.

S&P Global Ratings placed Chicago's general obligation bond rating on watch negative Tuesday, warning against heavy reliance on one-time budget solutions.

Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.

The baseball team says the county's delays in approving the bonds set back construction and increased the costs.

Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.