Investments

Mayor Eric Adams says the city has a safe and effective way to use artificial intelligence throughout municipal government while protecting against the risks.

The municipal market is bifurcated, opaque, and can be a challenge to price even on a steady day. In this idiosyncratic market, especially in times of volatility, data-driven decision-making is key, whether pricing a new deal in the primary market or trading it in the secondary. Learn more.

"Demand is firming up. Interest rates have moved off the recent highs. Intermediate muni yields are about 50 basis points off from those highs," said Stephen Shutz, head of tax-exempt fixed income and a portfolio manager at Brown Advisory.

Buying technology can be a relatively safe bet, especially if it comes from an established brand, and it comes with support, maintenance and expertise from vendors. Internally building it allows for exclusivity and a potential competitive advantage.

Oversight Board asks Gov. Pierluisi not to sign a bill it says would cost $3 billion over five years.

The laddered measure will keep the government open until Jan. 19 and Feb. 2 while the Senate focuses on international concerns, Senate Majority Leader Chuck Schumer said.

City Attorney Michael Gates said he will appeal the case to the Ninth Circuit Court of Appeals.

The firm plans to launch a pair of high-yield muni funds in January.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.

Jaime Alvarez, who joined the Oregon State Treasury from Houston in 2021, was named the state's director of debt management in October.

"Everyone is reevaluating and taking a breather after the numbers [on Tuesday]," a New York trader said.

Prices have fallen for Alabama private activity bonds issued for wood pellet producer Enviva amid the firm's larger struggles.

Stabilizing the Highway Trust Fund and easing Buy America requirements are top congressional priorities for state transportation officials.

The bill to avert a government shutdown moves to the Senate and lawmakers are hoping to pass it before the government shuts down Friday at midnight.

The Metropolitan Airports Commission will sell about $125 million of bonds to complete its share of financing for the largest interior renovation of 61-year-old Terminal 1.

Judge Swain's action removes the last major hurdle for her to approve the PREPA plan of adjustment before the confirmation hearing, although appeals are expected.

Proceeds from the deal, along with additional monies, were to have been used to fund the costs of the Royal Caribbean Cruises' campus project as well as a debt service reserve fund.

The time between the announcement of an award and the actual cash going out the door can be frustratingly long.

Villanova University in Pennsylvania is rescuing bondholders who own debt of Cabrini University, a small nearby Catholic school that is closing in 2024.

The Bond Buyer's Deal of the Year awards will mark the 22nd year it has recognized outstanding achievement in municipal finance. The event, to be held Dec. 5 in New York City, will also include the presentation of the Freda Johnson Awards for Trailblazing Women in Public Finance.