Investments

Some in the industry already use AI to help determine fair bid and offer prices and to summarize new-issue offering statements, but full integration into all aspects of the market is a ways away.

The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.

The $6.9 billion new-issue calendar features high-grade deals from Georgia, Washington and Massachusetts, among other frequently traded credits, which should provide direction for scales.

Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.

Hope is alive for muni priorities following a Bond Dealers of America visit to Capitol Hill this week.

What's the impact of hybrid work on the city's commercial office market and property tax revenues? It may be less than you think, according to Comptroller Brad Lander.

Moody's boosted CalHFA's rating to Aa2, following a similar move by S&P in December.

The plan includes a bump to public employee salaries and new spending on education.

Municipal bond mutual fund inflows returned as Refinitiv Lipper reported investors added $672.288 million for the week ending Wednesday following $256.532 million of outflows the week prior.

The task force expects to "form sub-groups to address specific pension issues and dedicated revenue as part of a comprehensive and balanced approach."

The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.

The plan of adjustment hearing scheduled for late July will be postponed.

The departure of four attorneys marks the second group exodus in Texas this year for Orrick.

The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.

Board asks judge to exclude bondholders' expert testimony and reports from plan of adjustment hearing.

The "act to increase compliance by counties and municipalities that fail to timely submit an annual audit report," was called too harsh by Gov. Roy Cooper.

The Investment Company Institute reported investors added $16 million to municipal bond mutual funds in the week ending June 14, after $495 million of inflows the previous week.

The Economic Development Administration, which hasn't been reauthorized in close to twenty years, should focus on grants, workforce development, and disaster relief, local leaders said.

Palomar Health had its outlook revised to negative by Moody's, affecting $672.5 million in outstanding debt.

Jack Brofman will start at the University of Chicago July 17 as executive director of global treasury operations.