Investments

Holders tendered about 75% of U.S. Virgin Islands Public Finance Authority bonds that were eligible for a tender offer.

The first tranche of federal dollars are seen as a down payment on what's billed as the most urgent infrastructure project in the U.S.

Joliet is embarking on a $784 million project to replace old water mains and design and engineering work for a new transmission line from Lake Michigan.

Raymond James has agreed to acquire SumRidge Partners, a fixed income market maker dealing in investment-grade and high-yield municipal bonds.

Nora Wittstruck, senior director and environmental social and governance sector lead at S&P Global Ratings, talks with Chip Barnett about climate change, sea level rise and how municipalities’ mitigation efforts affect South Florida and other parts of the U.S. (19 minutes)

With massive secondary selling pressure and a larger calendar, credit spreads are likely to continue to widen.

Washington University will sell $1 billion of new money with tentative plans to offer a mix of 30-, 40-, and 100-year paper.

The commonwealth's unemployment rate hit a record low in February.

Dallas Fort Worth International Airport will bring its first new money issue since 2017 to the municipal bond market next week, buoyed by an rating upgrade.

Fitch said it expects UT to maintain a strong operating performance that could warrant an upgrade in the next two years.

The board said the projects will result in up to $387 million of savings over a 15-year period.

Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.

The New York Fed has called on regulators to issue updated rules on money market funds, but the market effects are quickly transforming the market.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.

Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.

Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.

A large portion of Long Beach's downtown has been reshaped using public-private partnerships that delivered a new state courthouse and a city civic center.

Nuveen is asking a judge to toss Preston Hollow Capital's defamation claims as a summer trial looms.

Any new debt deal already would require rate increases to cover debt service on the authority’s roughly $9 billion of debt.

More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.