Investments

Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.

Newly-elected Gov. Josh Green outlined the proposals during his State of the State speech on Monday.

Rising interest rates, market volatility and the loss of business and revenue top the public finance industry's concerns for 2023.

Compared to December's projections, revenues are up $265.3 million and expenses are down $59.4 million.

For the first time in several weeks, munis last week outperformed "by a wide margin and across the entirety of the yield curve," said Eric Kazatsky, head of municipal strategy at Bloomberg Intelligence.

BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.

School districts must sell bonds based on their own ratings or with private insurance because the triple-A-rated Permanent School Fund's capacity is nearly maxed out.

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Investors will be greeted Monday with a new-issue calendar estimated at $5.520 billion.

The complex restructured its debt through bankruptcy in 2018 but COVID-19 knocked its recovery off track.

Bondholders say they have lost patience after six years of nonpayment.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

High-speed rail connecting Portland, Seattle and Vancouver, B.C. would spark $355 billion in economic development, supporters say.

Legacy Cares, which built Bell Bank Park in Mesa, was due to make a $10.3 million interest payment Jan. 1, but only had $2.68 million in the bond fund, the trustee said.

Kansas City Fed President Esther George said officials don't want to raise interest rates by so much that policy becomes overly restrictive and the economy can avoid a sharp downturn.

The Miami area unemployment rate fell to 1.4% in December and saw the second-highest number of private-sector job gains in the state on a year-over-year basis.

The company transferred its second party opinion business and analytical staff to Moody's Investors Service from Moody's ESG Solutions in October.

Moody's lowered Fairview Health Services by one notch to Baa1 and assigned a negative outlook, but a pending merger and expected sale of some facilities could help its bottom line.

The primary "pumped new life into an already-firm market with a lower yield range being established," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

Transportation sectors from airports to toll roads are expected to remain stable despite a likely recession and high inflation and interest rates, ratings analysts said.