Investments

Joseph "Jodie" Smith takes the reins at the influential bond lawyer organization.

Jeff Davis, senior fellow at the Eno Center for Transportation, talks with Caitlin Devitt about how the midterm elections may affect transportation funding and policy. He discusses likely new chairs on key Congressional committees, legislation to look for next year and the potential spending gridlock if Republicans gain control. (27 minutes)

While October is typically a busy issuance month, 2022 is not shaping up to be as more issuers are sidelined by volatility. The primary market will see another light calendar in the holiday-shortened week.

U.S. Treasuries saw more losses and municipal to UST ratios fell on the day's moves with the long bond valuation below 100%.

The new video-sharing app will combine social media technology with crowdsourced content to inform on all things investing, says founder Charles Qi.

Steve Genyk, head of middle markets, will assume leadership of the public finance team on an interim basis, the firm said.

The Sherwood school district in northwest Oregon had its issuer rating downgraded to A3 from A1 by Moody's Investors Service.

Ratings for Kansas have not changed since it was downgraded three times during the prior decade due to structural budget problems in the wake of tax cuts.

If Republicans gain control of the influential House T&I committee, expect investigations into the rollout and spending of infrastructure dollars.

Bids wanteds are on the rise, but a constructive secondary market showed a steady to firmer market in the past two sessions. ICI's latest outflows figure is the highest since June.

The consolidation of suburban and downstate firefighter pension fund assets is nearly complete but litigation is delaying the police consolidation.

City leaders announced the availability of 30,000 Section 8 housing vouchers this week.

Triple-A yields fell four to 10 basis points across the curve amid robust secondary trading with high-grade names showing clear moves to lower yields.

The Department of Transportation's initiative will allow transit and transit-oriented development to cover 49% of project costs with a TIFIA loan.

The El Paso County Hospital District is evaluating options, including other debt proposals, to address capacity constraints at its facilities.

Mayor Lori Lightfoot's proposed budget would forgo an inflation-formula-based property tax hike and make supplemental contributions to the city's pension funds.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.

The committee aims to craft best practices that would encourage greater use of the "green bond" label.

Munis open October firmer, underperforming a UST rally, but September closed out the month with 3.84% losses — the single largest monthly loss since September 2008.

Missouri and Iowa closed out fiscal 2022 with balances that paved the way for tax cuts.