Investments

John Hallacy, founder of John Hallacy Consulting LLC, talks with Chip Barnett about the pandemic’s lingering credit impacts on state finances in a wide-ranging discussion of the many issues affecting the municipal market today. (17 minutes)

The Federal Reserve must be prepared to move if inflation continues to surprise to the upside, according to one Fed president, while another again stated a desire for the Fed to pull back on its accommodation.

Limetree Bay Energy, the U.S. Virgin Islands' largest private-sector employer, was an important source of government revenue.

L.A. Metro broke ground Monday on the long-awaited train station that will connect Los Angeles International Airport to the city's transit system.

Toll roads suffered tremendously from dips in traffic associated with the COVID-19 pandemic.

After a year of adjustments made as a result of the pandemic, Baylor University earned a positive outlook on $124 million of new-money revenue bonds.

The city council is considering the city's budget, which gave preliminary approval to a roughly $5.2 billion spending plan that allocates $156 million for violence prevention programs. Council members expect to vote on the budget Thursday.

The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.

Puerto Rico's government tells the court the Disclosure Statement should address the likelihood the legislature will not approve new bonds for the plan of adjustment since the plan cuts pensions.

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.

The Justice Department analysis was released Wednesday in conjunction with a House Natural Resources Committee hearing on two competing bills aimed at determining the territory’s future.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.

Mayor Jorge Elorza’s $850 million POB proposal sits stalled in the state legislature while state General Treasurer Seth Magaziner called the legislation too risky.

Refinitiv Lipper's $1.85 billion of inflows say investors aren't going anywhere.

The city and school district's financial "entanglements" will be the subject of an independent financial review due before the first elections are held.

The roughly $1 trillion bipartisan plan would rely heavily on municipal financing tools to achieve $1 trillion in investment with any new federal taxes.

Some lawmakers in Washington during infrastructure discussions have proposed repurposing some of the $350 billion of American Rescue Plan Act relief funds allocated to state, local and tribal governments. This would be a mistake.

The group is also urging Congress to enact enhancements for aggie bonds and industrial development bonds.

Also on Wednesday Judge Swain said she would not send out the central government bankruptcy's disclosure statement until she was satisfied with it.

The Investment Company Institute on Wednesday reported $2.533 billion of inflows into municipal bond mutual funds, the highest since February.