Investments

Brandon Comer said the SEC's case alleging breach of fiduciary duty against him lacks evidence, but a federal judge refused to end the case.

S&P Global Ratings raised the state flagship university's rating to AA-minus from A-plus.

"Yield levels are now notably higher throughout many sectors of the yield curve by a number of percentage points," said Morgan Stanley strategists Matthew Gastall and Daryl Helsing.

Bondholders say the Oversight Board's offer is less than it was a few weeks earlier.

The highly-rated city wants to pursue general obligation bond programs every five years to fund capital projects for its growing population.

"This week will likely have been the last active week of the year, but it turned out to be quite eventful," according to Barclays PLC.

The clock is ticking on Congress waiving PAYGO for Build America Bonds, a budget bear trap that could delay promised subsidy payments totaling $14 billion to issuers.

Sixteen Republicans joined all Democrats to vote in favor of the binding plebiscite.

A previous measure prohibiting government contracts with companies that "discriminate" against the firearm industry fell short of passing the 2022 legislature.

Balance sheet damage from labor costs, the pandemic and a cybersecurity breach triggered covenant violations for Capital Region Medical Center.

Battery Park's flood-proofing projects are part of New York City's larger strategy to protect itself from the next big storm.

Municipal issuers pushed hard but unsuccessfully against the bill, which gives them four years to standardize their financial information.

Following a procession of anti-ESG policy decisions in Kentucky, state lawmakers met last week to discuss additional requirements for companies that have cut ties with the fossil fuel industry.

Outflows returned as Refinitiv Lipper reported $1.217 billion was pulled out of municipal bond mutual funds for the week ending Wednesday after $46.912 million of inflows the week prior.

Must-pass spending bills and a debt ceiling fight are in the near future.

As rising interest rates take pension obligation bonds off the table, city finance managers are looking to other methods to manage unfunded pension obligations.

The Fed chairman said he believes the Fed is getting close to a sufficiently restrictive level, but they're not quite there. While two good inflation reports are good, "there's still a long way to go to price stability."

Last week's deal, upsized to $533 million, attracted $4.5 billion of orders after positive rating news including the end of Moody's speculative grade status.

Expanded use of stimulus funds, fully funded water infrastructure grant programs and housing assistance are among the asks from League of Cities as Congress crafts a 2023 spending package.

Atlanta will continue to pursue deals like November's $410 million of social bonds, the city treasurer said, despite Republican efforts to defund ESG investing.