Investments

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.

Coming off last week's $19.5 million influx of weekly new issues, supply this week is lower as the market watches the Federal Open Market Committee meeting.

The issue is the power of the Oversight Board over several locally passed pension laws the board says might make the Plan of Adjustment unfeasible.

Following the departure of Devin Nunes as the top Republican slated to succeed the retiring Kevin Brady on the Ways and Means Committee, several Republicans have begun campaigning for the top spot, which could hold considerable influence over the municipal bond industry if Republicans take the House in 2022.

Alex Doñé will leave the city comptroller's office at year's end when Scott Stringer's term ends; deputy CIO Michael Haddad will fill the interim position.

There are $8.127 billion of negotiated deals on tap and a mere $367.4 million of competitive loans slated, none over $100 million. Thirty-day visible supply totals $9.9 billion and net negative supply is at $8.4 billion.

Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.

Bringing on private partners early to help design a project through a progressive development agreement can reduce uncertainties and mean more accurate pricing.

Quincy officials say they are getting out front of a state directive for full local funding by 2037.

The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.

State officials will wrap up a busy year a sale that includes a social bonds component.

Municipal yield curves were little changed for the seventh straight session while Refinitiv Lipper reported the 40th week of inflows into municipal bond mutual funds, with high-yield seeing a large increase week over week.

Mayhew structured the bond program that funded a multi-billion dollar bridge construction program and steered it through recession and pandemic.

Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.

The change to the final indexes is expected to expand each fund's investing universe, the firms said.

Intercontinental Exchange has acquired climate-change technology data providers risQ and Level 11 to further its alternative data capabilities.

Robert "Bob" Thrun, who died this month aged 90, expanded the Thrun Law Firm's role in Michigan public finance law.

County executives said they need to protect against flooding, sea level rise, erosion and other climate change-related damage.

"The vast majority of muni issuers are trying to do the right thing,” Zehner said. “The vast majority of underwriters and municipal advisors are trying to do the right thing.”

The Investment Company Institute reported $289 million of inflows into municipal bond mutual funds in the week ending Dec. 1, down from $965 million in the previous week.