Investments

This year has favorable potential for 1Q activity, noting an unusually large scheduled reinvestment potential in January and February, including $19 billion of maturities plus calls in January and $24.9 billion in February, noted MMA's Matt Fabian.

North Las Vegas was upgraded to A-minus from BBB-plus by Fitch Ratings, which kept its positive outlook.

A deal to provide more money for defaulted AES bonds is also under way.

A new proposal would establish a fund for maintenance while precluding new bond issuance.

The climate rule aimed at cutting transportation-related greenhouse gas emissions will restrict investment in certain projects, said the states.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.

Arbitrage is in play, IRS budget boost is uncertain, stepped-up enforcement concerns remain

The Bond Buyer takes a look back at 2023 and remembers those in the public finance industry who died last year.

"Buyers went all in on revenue-sector names, with that category earning 6.8% and beating out GOs by 127 basis points," said FHN Financial's Kim Olsan. "Sub-sectors within the revenue category pointed to a risk-on theme into year-end." 

The regulator is looking for three tech savvy compliance experts.

"There is no doubt that inflation has had an impact. It's important that we continue to ensure that everyone working in New Jersey has access to a livable wage," said Gov. Phil Murphy.

Indianapolis is moving forward with a $1.5 billion stadium and real estate development, anchored by minor league soccer and to be financed partly through bonds.

The Municipal Securities Rulemaking Board is gearing up for its change to a one minute reporting window, slated for the first quarter of the year.

This performance is a dramatic rebound from 2022's losses.

Medford, Oregon-based Asante Health enters 2024 with negative outlooks from Fitch and S&P as it works to complete expansion projects amid industry headwinds.

The muni market saw $379.992 billion of debt issued in 2023, only $11.076 billion less than the lackluster $391.068 billion seen in 2022.

Illinois saw an uptick in its financial fortunes during the past fiscal year, one of the few times the state's net position has improved in recent years.

Municipal bond issuance in the Lone Star State totaled $59 billion in 2023, spurred by utility rate securitizations and school bonds.

Advance refunding, SALT, and the possibility of Low Income Housing Tax Credit all have at least some chance of a day in the sun in late 2024.

LSEG Lipper reported Thursday that investors pulled $463.7 million from muni mutual funds for the week ending Wednesday after inflows of $147 million the week prior.