Investments

In the week ending April 13, investors pulled $5.526 billion from the funds, down from $7.227 billion of outflows in the previous week, ICI reported.

The city's share of American Relief Plan Act funds eased fiscal pressures and provides runway for the city to work on a pension funding fix.

The Kentucky Public Transportation Infrastructure Authority wants to sell up to $443.8 million in tax-exempt refunding bonds when market conditions improve.

In a win for the Oversight Board and bondholders, an appeals court shut down a teachers' associations challenge, but another case challenging the plan has yet to be decided.

The board says the governor will have to make many changes to its budget.

Relative cheapness, wider spreads and underperformance in munis are providing better value, all set against a very solid and resilient credit background, analysts say, but supply is testing investor sentiment amid volatility.

The Chicago Transit Authority and the Port of Long Beach are among the first public agencies to sign the Equity in Infrastructure Project's pledge.

The Metropolitan Water Reclamation District of Chicago now has $600 million of pension obligation bond authority as it aims for a 100% funded ratio by 2050.

The system is seeking about $7.7 million of past due contributions and loans.

BHSH brings almost $1.5 billion of bonds to refund Beaumont's debt and raise some new money. The new system keeps Spectrum's higher legacy ratings.

Municipal advisors are seeking more and better communication from regulators and enforcers, NAMA Executive Director Susan Gaffney says. Kyle Glazier hosts. (24 minutes)

Another swing in U.S. Treasury market pushes muni to UST ratios out long even cheaper.

Fitch affirmed the Los Angeles-area airport's A rating and raised its outlook to stable though a $1 billion terminal project stalled during the pandemic.

The new academic center housed at the University of Maryland is developing P3 industry standards and a peer exchange program for state infrastructure czars.

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

The new-issue calendar tops $9 billion led by $3 billion taxable and tax-exempts from University of California Regents, a $1 billion plus healthcare deal from Michigan and $1.35 billion of GOs from Washington State.

The legislation proposed by Gov. Charlie Baker includes more than $1.3 billion in capital bond authorizations.

Nebraska is a pay-as-you-go state, which some say has stalled completion of its 600-mile expressway system.

Revenues were also up compared to the Oversight Board's projection made on Jan. 27.