Investments

Senate Majority Leader Mitch McConnell suggested state and local governments would use stimulus to shore up pension plans.

The high-yield deal will mark the junk-rated city's third post-bankruptcy general obligation issue on its own credit, without any external support.

Michael Ruvo, president and CEO of BondWave, talks about how he thinks technology changes — and the data that enables those changes — will help with market transparency and make for a more efficient market overall. Lynne Funk hosts. (21 minutes). Recorded Dec. 4.

This was the inaugural issuance under the “No Place Like Home” program, the first large municipal bond program created to invest in homeless housing infrastructure and secured directly by taxes on high-income residents.

ICI reported another $2.3 billion of inflows, new deals continue the march to lower yields and benchmarks rose a basis point seven years and out for the first time since the beginning of December.

Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.

The state of Illinois sold $2 billion of three-year notes to the Federal Reserve's Municipal Liquidity Facility at 3.42%.

The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.

The authority that financed baseball and football stadiums in Chicago is sounding fiscal alarms as the coronavirus pandemic crushes hotel tax revenue.

The municipal market can best be described as a "Goldilocks market" due to accommodative federal monetary policy, strong demand and limited supply, bond director Ben Watkins told the Cabinet.

One must be mindful of and pay close attention to obligor filings, credit spreads and, of course, rating actions whatever chair you sit in.

He has a background working in the island's pharmaceutical industry and for the island's government working to attract and retain private sector firms.

The Idawy Solid Waste District is being honored for its four-county, two-state effort to finance a state-of-the-art landfill.

Ken Lind, leader of Nixon Peabody's project finance and public finance group, breaks it down by sectors and financing instruments. He also examines virus-related SEC disclosure guidance plus the planned phaseout of Libor. Paul Burton hosts. (38 minutes). Recorded Dec. 2.

Joe Torsella still advised that such a move to backstop the commonwealth's two largest public retirement funds is no panacea.

How assumptions are settled on revenues, spending, and the economy will affect the Commonwealth debt plan.

Even with COVID-19-related shutdowns — a New York City lockdown may be imminent — issuers are pricing bonds into an extremely low-rate environment.

Fiscal 2020 added another $3.8 billion to the state's unfunded pension liabilities, according to a new state report.