Investments

A magistrate told PREPA bondholders and Oversight Board to continue negotiations for at least another 13 days.

After a tumultuous week, expect another ahead, said Matt Fabian, a partner at Municipal Market Analytics.

Redwood City-based Summit Public Schools had its bond rating downgraded to Ba3 from Baa3 by Moody's and its outlook revised to negative.

The state plans to enter the market before the fiscal year closes June 30th with eyes turned to Fitch and whether it will follow Moody's and S&P with an upgrade.

The Securities and Exchange has updated its frequently asked questions page for the registration of municipal advisors, providing guidance on Form MA, Form MA-I and Form MA-NR

Until now, the battle over the role of ESG factors in investing has played out on the state level.

Illinois Comptroller Susana Mendoza talks with Yvette Shields about the state's progress on building up reserves and paying down debts that have helped lift the state's bond ratings, efforts to make further headway and the challenges of making sure fresh legislative faces understand the pains suffered during the two-year budget impasse. (35 minutes)

"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.

The bill's sponsor pointed to board members' need for expertise.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

The banking sector crisis caused a flight-to-quality bid in USTs last week.

The MTA, which expected to begin collecting the tax next year, has revised downward its 2024 projections as federal review is taking longer than expected.

Sen. Susan Collins introduced the SALT Deduction Fairness Act last week, the latest effort to restore a full income tax deduction for state and local taxes.

The nation's top court may well have to weigh in on the constitutionality of the strings attached to the federal pandemic aid.

Among the record number of bills filed in the biennial session are bills aiming to restrict or expand municipal bond issuance.

The Hall of Fame initiative celebrates individuals whose careers have left an indelible mark, while the Rising Stars program recognizes the muni finance leaders of tomorrow. The 2023 classes will be revealed the week of August 7.

Investors will be greeted Monday with a new-issue calendar estimated at $4.064 billion.

The collapse of Silicon Valley Bank and Signature Bank clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.

The school district's AA-plus rating is supported by strong reserves and Houston's economic strength, S&P Global Ratings analysts said.

Outflows continued as Refinitiv Lipper reported $461.123 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $307.815 million of outflows the week prior.