Investments

"Our issues seem complicated, but have the simple end goals of saving tax dollars, investing in infrastructure and creating jobs," retiring Rep. Dutch Ruppersberger, founder of the House Municipal Finance Caucus, told a public finance crowd Thursday.

The Chicago Board of Education adopted a nonbinding resolution declaring a moratorium on school closures during a heated public meeting on Thursday.

The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion

High-yield muni issuance totals $20 billion year-to-date, "reflecting normalization from relatively depressed levels in 2023 ($7.6 billion over the comparable period), and now virtually equal to the trailing five-year average for the period ($20.1 billion)," said J.P. Morgan strategists, led by Peter DeGroot.

Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney's Office announced Thursday.

The privately placed taxable bonds to be issued through Bernalillo County will help finance a manufacturing facility for Ebon Solar.

"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.

The continuing resolution to keep the government funded was passed without the inclusion of controversial legislation requiring proof of citizenship in order to vote.

California State Controller Malia Cohen was asked to form a task force to draft best practices for the state's charter schools after 11 San Diego charter schools became embroiled in a fraud case.

Matthew McQueen, Head of Municipal Banking and Markets and Global Mortgages within the Global Markets business at Bank of America, sits down with Bond Buyer Executive Editor Lynne Funk to talk about getting deals done amid an uncertain global macroeconomic landscape.

Dan Callahan joined UMB Bank as a senior vice president and public finance banker.

The Investment Company Institute reported $1.329 billion of inflows into municipal bond mutual funds for the week ending Sept. 18 after $1.402 billion of inflows the week prior. Exchange-traded funds saw $55 million of inflows after $1.048 billion of inflows the previous week.

The first of its kind for the group, the National Federation of Municipal Analysts has released a final 10-section recommended best practice detailing the various elements that go into State Revolving Fund disclosure.

The merger, which takes effect Jan. 1, will combine the firms' public finance practices, which have a current headcount of 29 attorneys.

Americans are not benefitting enough from federal infrastructure investment, said Judge Glock of the Manhattan Institute.

The developer of a moribund mall in Cape Girardeau is the latest to receive bond-financed support from a local government for some of the costs of its project.

"The sheer magnitude" of this redevelopment project presented a challenge, but it stands a chance of succeeding where previous efforts have fallen short, Clay County Commissioner Scott Wagner said.

Demand for munis looks "fairly stable" for now, particularly after the 10- to 25-basis-point rally ended in the 30 days before the Federal Reserve cut rates last week, Municipal Market Analytics, Inc. said, noting the "bull-steepening adjustment" looks like the 30-day move before the beginning of the Fed's last cutting cycle, at the end of July 2019.

This collaboration allows users with a DPC Data subscription to access content directly within BondWave's Effi, providing Effi users with more information for all municipal bond positions in their portfolio.

S&P Global Ratings placed more than 400 state and local government issuers under criteria observation as the agency adopts an updated rating methodology.