Investments

Primary market takes focus for large revenue deals from the New York State Thruway Authority and the Colorado Health Facilities Authority.

The “social” part of ESG evaluations poses the most downside risk to governmental and not-for-profit issuers in the Midwest and Central regions, S&P said.

Included in the Democrats’ all but dead Build Back Better bill, an expansion of the low-income housing tax credit could be a boon for the housing sector.

Munis have been steady to firmer in spots over the past few trading sessions as fundamentals have taken over. Triple-A 30-year munis dipped below 3% Tuesday, the first time since early June.

The Oklahoma Turnpike Authority is seeking approval from a state oversight council for bonds to begin funding an expansion project that faces two lawsuits.

Considering pension risks within the framework of municipal credit analysis is particularly important now, following a lengthy period in which the global economy experienced low interest rates and low inflation.

While small in size and population, D.C. is a wealthy area. If it were a state, it would rank 47th in population while its per-capita income leads all 50 states and it has a GDP greater than 17 states.

Three school bond and local tax measures garnered a victory when the final results were tallied weeks after the election as mail-in votes slowed the count.

The $11-billion-plus calendar is the largest in eight weeks and includes two large high-grade issuers which may entice buyers into the market.

Seventeen months after Winter Storm Uri hit the Southwest, state-sanctioned securitizations are queuing up to mitigate a huge spike in energy costs for customers, with an Oklahoma deal the latest to price.

The disclosure from the Hampton County School District in Varnville, South Carolina provided no details on the status of the bonds, but the form itself indicates there is an audit underway.

The ISS ESG Muni QualityScore was previously designed for the buy- and sell-side, but it has expanded its offerings to issuers with datasets focused on their specific locations.

The proposal offers no suggestions on financing the project, which, if completed, could allow the stadium to host a Super Bowl or NCAA tournament.

Personal income tax revenues rely upon taxpayers continuing to be taxpayers and remaining residents of New York, especially high-income earners.

Investors will see almost $11.5 billion of volume head their way in the largest new-issue week of the year. More participants expect municipals to improve in the second half of 2022.

Following the Supreme Court ruling in Carson v. Makin, states with bans on using bond proceeds for religious purposes may be forced to amend such laws.

Transportation Secretary Pete Buttigieg announced $1 billion in federal grants to 85 airports, including LAX.

Proceeds of the taxable business-tax backed special obligation revenue bonds will pay down federal debt the state accrued during the COVID-19 pandemic for unemployment insurance costs.

"It seems that munis are on the outside looking in, but we are hopeful," said Brett Bolton, Vice President and Head of Government and Industry Relations at Bond Dealers of America.