Investments

Detroit still may ask the federal bankruptcy court to intervene in a pension fund matter that could add to the city's financial stress.

Bondholders contest Puerto Rico Oversight Board's claim that parties are engaging constructively in mediation.

The U.S. Conference of Mayors launched the P3 task force as cities prepare for an influx of federal infrastructure aid.

From disclosure to issuance labels, the Chicago finance team is shaping ESG practices that are top of mind for municipal market.

A bearish market sentiment and elevated muni to UST ratios often represent a buy signal. Taxable equivalent yields are compelling for buy-and-hold investors, analysts say.

Unsecured Creditors Committee attorney Luc Despins, said, “After five years, the results are in: the strategy has gone nowhere.” 

The Municipal Securities Rulemaking Board’s visiting scholar Lourdes Germán will use the board’s data to help research ESG trends in public finance, including the impact of ESG on the secondary market.

The finances of the controversial project remain unclear, but the favorable Texas Supreme Court ruling means the project has a chance of advancing.

Bankruptcy judge set deadlines for voting on the Highways and Transportation Authority plan of adjustment, moving it closer to confirmation.

Municipals head into the final week of the first half of 2022 on more stable footing, but a cautious tone hangs over the market.

Plans to float a bond for a high school and other expansion projects grew out of a six-month planning process.

Cook County projects a surplus this year and a $18.2 million gap for fiscal 2023 while it readies two bond sales.

The judge set May 2 deadline that was extended until June 1 and then July 1. Mediators now want until Aug. 1.

Most municipal securities trades are reported to the MSRB well under the current 15-minute rule, and it's unclear how a one-minute mandate would "benefit investors or increase transparency," the ASA said.

Erdman closes the books on a three-decade career with Wisconsin next week and heads to municipal advisory firm Baker Tilly.

Refinitiv Lipper reported smaller outflows at $1.6 billion, down from the $5.6 billion the week prior. It brings the total outflows to $45.7 billion year-to-date.

An appeals court ruled the Oversight Board can stop laws that are inconsistent with PROMESA's purpose.