Investments

With interest rates at historic lows and stock market returns at record highs, Tucson sees a ripe opportunity to issue pension debt.

Bondholders complain about lack of resolution and payment, and hitting 'deal exhaustion,' but some stakeholders are hopeful for a resolution this year.

A 'perpetual calm' continues to fall over the municipal market as inflows into municipal funds, combined with the shortage of traditional tax-exempt supply, is directing most aspects of daily market activity.

S&P Global Ratings raised Detroit's outlook to stable from negative on a BB-minus rating; Moody's affirmed the city at Ba3 with a positive outlook.

Oregon Gov. Kate Brown championed aspects of her proposed budget that would move the needle on racial and income equality in the state.

City Council reservations torpedoed Mayor Adrian Perkins' request to ask voters for $207 million of general obligation bond authority.

While federal funds enabled the transit authority to sidestep fare hikes for now, it faces a raft of pandemic-related variables and state budget uncertainty.

Refinitiv Lipper reports another multi-billion week of inflows, the domino effect from such strong flows is that secondary selling doesn’t need to be so active, creating fewer opportunities for new inquiry, analysts say.

President Joe Biden's pick for transportation secretary took questions from a Senate panel on how the nation might pay for robust infrastructure.

This will be MSRB’s first board meeting of the calendar year.

Robin Marshall, director of fixed income research at FTSE Russell, talks about what investors should be paying attention to during the coming year. He looks at inflation prospects, possible Central Bank actions and the continuing effects of the COVID-19 pandemic. Chip Barnett hosts. (15 minutes)

Muni yields have been in a nine-basis point range since the beginning of the year while UST yields have fluctuated more than 20 basis points. With so little supply, muni credit spreads continue to compress.

This would be the Government Finance Officers Association's first best practice document on ESG.

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

Tax-exempt performance is dependent on what supply looks like versus taxables. The 30-day visible supply shows more than 30% taxables on tap, though some analysts say the taxable increase makes exempts more attractive.

The Economic Activity Index was down 0.4% from October.

Steven Kantor, a regional managing director based in New York, was among those cut, sources said.

Miami Mayor Francis Suarez talks with Chip Barnett of The Bond Buyer about what makes the Magic City so appealing to companies and investors alike right now. He discusses the attractiveness of its business climate, the city’s financial strengths, efforts to fight climate change and the diversity and resilience of its residents. (7 minutes)

Friday’s data showed economic weakness. Consumers, the drivers of the economy, pulled back during the holiday season and have exhibited weakening sentiment.

The bonds are coming in three tranches, mixing tax-exempt new money and a taxable refunding.