Investments

Observers say the decision may be a credit positive for the financially struggling utility

Pressure on the state budget level is being felt by both the University of California and California State University systems.

October's "price path has created wider spreads but also brought higher yields that are now in the range where a broader audience may begin to take notice," said NewSquare Capital Senior Fixed Income Portfolio Manager Kim Olsan, noting higher taxable equivalent yields for different tenors of the yield curve.

The month's total is above the 10-year average of $40.288 billion. The market needs to see about $45 billion of issuance in November and December to hit an all-time record year.

The board has put out fourteen questions on its fee setting process and will be accepting responses until January 31.

Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal year 2025 budget that calls for a $300 million property tax increase, but does not touch pension funding levels.

Municipals largely stayed in their own lane Wednesday, digesting the large slate of new issues as supply dwindles heading into election week, with Bond Buyer 30-day visible supply falling to $5.56 billion.

The future of infrastructure spending is in doubt post-election.

California's measure to lower the threshold of voter approval for bond measures will impact future transportation funding.

Nearly $1 billion of outstanding BABs may still be called back before yearend.

After a strong jobs report this month drove mortgage rates higher, the Midwest is seeing more bonds financing loans to single-family and multifamily homebuyers.

The 10 largest issuers of electric power issuance in the first half of 2024 accounted for $8.224 billion.

The 10 largest underwriters of electric power issuance in the first half of 2024 accounted for $8.68 billion.

Top 10 electric power bond counsel of electric power issuance accounted for $9.36 billion in 38 deals in the first half of 2024.

California sold tax-exempt and taxable GOs, the University of Miami priced a refunding deal while the Harris County-Houston Sports Authority came with a refunding and tender offer.

The lawsuit targets emails with the message "from our friends in DC" that relate to the treasurer's list of firms restricted from state business.

Some analysts question how much a leftist governor would impact financial and bond issues.

Oppenheimer's Head of Public Finance Beth Coolidge and Columbus Auditor Megan Kilgore delve into the future of public finance and human infrastructure on a wide range of topics, from affordable housing and workforce development to public health, climate resiliency, and digital access.

The Harris County-Houston Sports Authority's CEO was ousted and its chair faces ouster as it prices a $330 million deal to restructure its bond debt.

The 10 largest underwriters of education issuance in the first half of 2024 accounted for $48.172 billion.