Investments

The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.

The muni new-issue market got a breather after a heavy supply day on Tuesday, according to Franklin Templeton's Jennifer Johnston.

Spirit's ceasing operations after a failed $500 million bailout comes as the airport sector remains resilient despite ongoing geopolitical tensions, with spreads compressing compared to other transportation sectors despite rising fuel costs, Barclays strategists said.

Artificial intelligence will help maintain the nation's global competitiveness, according to a panel of political and tech leaders at the Milken Institute's Global conference.

Senior bonds most recently traded for 30 cents on the dollar.

The District of Columbia Water and Sewer Authority is applying for a reimbursement from the federal government for repair costs to a broken water line that flooded the Potomac River with raw sewage.

After Gov. JB Pritzker released his BUILD plan to lower housing costs, the Illinois Municipal League unveiled its proposal: the REAL Housing Act.

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

The muni market digested Tuesday's heavy supply in the way analysts expected, H.J. Sims analyst Tim Iltz said.

McKinney, Texas, is fighting a challenge to a refunding of sales tax-backed bonds sold for a commercial airline service project at its general aviation airport.

The drought-stricken Texas city's utility system rating was cut two notches to A, marking a continued downward trend in its credit quality.

Muni advocates are actively working on championing a bill that would address a wish list of provisions designed to boost bond sales.

PFM sees the expansion as a way to strengthen its position.

Months after the state cracked down on cities' tardy annual financial audits, adherence to a statutory filing deadline is improving with fiscal 2025 reports.

SWBC's Chris Brigati said he doesn't expect the geopolitical tensions to cause similar losses to muni yields unless oil prices or Treasury yields move significantly higher.

The ratings agency cited the school's compressed operating margins in recent years.

Allen Hoppe, the director of banking, investments and debt for the city of Minneapolis, retired on Friday after a long career in public finance.

The biggest-ever bond referendum in Texas was passed Saturday for Dallas schools, while voters in only one city chose to leave Dallas Area Rapid Transit.

With continued geopolitical tensions and surging oil prices, things could change on a dime, said Sweta Singh, founding partner and portfolio manager at City Different Investments.

Larry Rolapp helped grow Fieldman, Rolapp into a mainstay of California's municipal bond industry.