Investments

The ruling "sends a strong signal to other states that trucking is not to be targeted as a piggy bank," said the president of the Rhode Island trucking association.

Chicago is leading the pack in pension fund problems.

With interest rates expected to keep rising, the deal will tap all of the remaining authorization from the $3.5 billion Rebuilding Michigan bond program.

The tool provides summaries of outstanding debt, maturity profiles, and debt service schedules for the entire public finance market and is an outgrowth of the company's legacy Debt Maps.

John Hallacy talks with Chip Barnett about how fiscal and monetary policy is affecting the municipal bond market. He discusses recent data releases, supply forecasts and the midterm elections and the future of ESG in public finance. (20 minutes)

The bills signed by the California governor include one allocating nearly $1.5 billion to University of California campuses for climate change research.

Bids wanteds have been elevated, municipal bond mutual fund outflows large and consistent and the short end of the U.S. Treasury curve continues its march upward, moves that muni investors cannot ignore.

Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.

While the parties generally support the start of litigation, they are arguing about everything else.

Utah Associated Municipal Power Systems is advancing the nation's first small modular reactor, a $6 billion project supporters say is the future of nuclear energy.

Guilford County's request for a $1.7 billion voter-approved bond package, however, was put on hold until the next Local Government Commission meeting.

Triple-A yields rose 11 to 15 basis points five years and in.

"We really have worked hard during this strong stretch here of economic performance over the last 18 months or so to really kind of address some of those lingering debts we inherited," said Illinois Office of Management and Budget Director Alexis Sturm.

Retail investors may be moving out of municipal bond mutual funds and into separately managed accounts, largely due to the headline shock of the massive outflows from the funds, participants say.

In a letter a letter to BlackRock CEO Larry Fink, Brad Lander said he was concerned the firm's actions don't align with its stated climate commitments.

One-year rates have risen 100 basis points, intermediate maturities have traded up about 25 basis points and long-term munis are nearly 50 basis points above June's close.

A multi-option plan of adjustment would be filed within 60 days.

There are only four statewide bond measures appearing on ballots across the country, the lowest since 2010.

Former SEC Commissioner Paul Atkins and others are concerned about politics entering public pension funds.

California school districts will bring 100 bond measures to voters in November, according to one advocacy group, up from 21 in June and 60 in November 2020.