Investments

Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.

The reoccuring Water Resources Development Act is expected to pass the Senate this month.

The Bond Buyer chose the Ford Foundation’s $1 billion sale of taxable social bonds as the Deal of the Year winner in the Environmental, Social and Governance/Green financing category.

Ma says the group is committed to developing a more inclusive economy and society

Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.

Juan Carlos Blanco has a background in law, finance, and government service.

Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.

The president named former Utah and Michigan budget director John Nixon and New York educator Betty Rosa. Ana Matosantos may be gone permanently from the board.

Strong technicals, low supply, yield-seekers keep munis outperforming.

Ratings analysts see a darker outlook for higher education in 2021 as the effects of the pandemic continue to erode revenues and enrollment.

Law firm appoints Robert Labes to head its public and infrastructure finance practice group with hopes for expansion if an infrastructure bill comes to fruition.

Yield-starved investors will help the deal get done, despite credit risks and the island's bankruptcy overhang.

During an industry briefing Tuesday, SIFMA's Kenneth Bentsen, Jr., said no matter who leads the SEC next, SIFMA will argue for an end to a temporary exemptive order.

Deep bondholder losses are expected when the bonds issued for five Better Housing Foundation portfolios in and around Chicago emerge from Chapter 11.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

Jonathan Ballan, co-chair of the public and project finance team at Cozen O’Connor, calls for new categories of tax-exempt bonds to help urban areas redevelop from COVID-19. He also makes a deeply personal appeal to tighten cybersecurity laws. Northeast Regional Editor Paul Burton hosts. Recorded Nov. 19. (27 minutes)

The primary's diversity of credits and size relative to November has grown, but it is just not enough to push yields higher as redemptions flood the market. Some analysts still say a mild correction at least is due.

City Administrative Officer Richard Llewellyn recommended laying off nearly 1,000 police officers in a 144-page budget report.

A heavier calendar still will not fulfill the $20 billion-plus of December redemptions. Muni/UST 10-year ratios fell to 74% as the UST 10-year came closer to 1.00%.

Difficulty tracking securities means a harder time for investors to understand their credit risk during the pandemic.