Investments

A deal to lift the debt ceiling through November would buy Congress time to hammer out Democratic agreement on the Build Back Better plan.

ICI reported $704 million of inflows, a $1.1 billion drop from the week prior, bringing the total to $76 billion year to date.

Swain said she would review the consistency of the proposed Plan of Adjustment with the certified fiscal plan in deciding whether to approve it.

The proposed guidance does not indicate any particular problems with compliance, the MSRB said.

The lion's share of the deal is taxable, with a $20 million tax-exempt new money series; proceeds from the taxables will refund outstanding debt.

The board wants the deadline for retail bondholders to vote on the Plan of Adjustment to remain Oct. 18.

The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation.

A nonprofit that funds charter schools for low-income students is set to price a $233.5 million of revenue bonds Wednesday.

A lawsuit accusing underwriter Stifel of negligence on one bond issue is pending and broader claims related to the financings are being considered.

Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.

Challenges abound in meeting the needs of both investors and issuers in incorporating environmental, social and governance factors into the municipal market. Jasper Cox, Fixed Income Analyst at the PRI, Principles for Responsible Investment, gives insights into how the market can adapt. Lynne Funk hosts. (23 minutes)

A law protecting the firearms industry from "discrimination" has made the top underwriters hesitant to do bond business in the state.

Municipals took a breather Monday, largely ignoring stock market volatility and softer U.S. Treasuries, ahead of a solid $9 billion new-issue week.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

Per-pupil revenues and long-term debt spending are rising across the country

Tax-exempt advance refundings emerge as the top priority for muni market participants as Congress debates reconciliation budget measure.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.

Ratios have moved into a higher, more favorable range, especially in the belly of the curve. The municipal calendar is building, led by taxables and refundings, after they dropped significantly in September.

The current bill is inconsistent with what the Oversight Board has said it is willing to accept.