Investments

Outflows continue but dropped significantly in the latest week with Refinitiv Lipper reporting $662 million of outflows from municipal bond mutual funds following $2.823 billion the week prior.

A bond-funded pension buyout extension and automatic transfers into the state's now meager rainy day and pension stabilization funds are being discussed by Illinois lawmakers as they look to wrap up their spring session next month.

The USVI government intends to refund the remainder of its outstanding bonds at the end of March.

The omnibus bill drops a controversial measure to claw back unspent state COVID funds and includes long sought-after language to ease the transition away from LIBOR.

The judges appeared skeptical about the need for a stay.

Moody's rewarded Detroit's strides in keeping its books balanced and building reserves with an upgrade that leaves it two notches below investment grade.

The Investment Company Institute on Wednesday reported another round of large outflows, this week at $3.502 billion, up from $2.647 billion of outflows in the previous week.

The deal priced into a market that has seen rising rates for municipal bonds along with record high oil and gas prices.

Transportation advocates remain opposed to the legislation and the Biden Administration has not taken a position.

Judge Laura Taylor Swain says the termination of the PREPA deal could be a "major setback" to adjusting the authority's liabilities.

The MSRB's request for information on environmental, social and governance considerations in the muni market showed just how uneasy market participants are feeling.

While the governor is hoping for a deal that would be cheaper for Puerto Rican consumers, the result may be the opposite, critics say.

Secondary trading showed weaker prints, moving triple-A yields higher by three to seven basis points, outperforming larger losses in UST. California priced $2.2 billion of GOs for retail.

The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.

The Illinois Finance Authority signed off on the financing cementing NorthShore University HealthSystem’s recently closed merger with Edward-Elmhurst Health.

The Chicago-based organization is more than a quarter century old and intent on growing.

Emily Brock, director of the federal liaison center at the Government Finance Officers Association, takes time out to talk with Chip Barnett at The Bond Buyer’s National Outlook Conference about infrastructure spending. She also looks at the possibility of Congress approving the return of tax-exempt advance refundings and the SEC and MSRB’s focus on issuers ESG disclosures. (17 minutes)

As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.

A group of bondholders and bond insurers also submitted on Sunday a statement opposing the teachers’ request for stay.

The Eastern Transportation Coalition's report highlights concerns about privacy, trucking and rural drivers.