Investments

Virus effects have battered New York City’s economy and by extension, the city’s budget and credit standing.

New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.

The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.

The SEC's Rebecca Olsen said in 2021, the regulator plans to explore ways to get more comment on financial disclosure recommendations.

The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.

Justin Peterson said he expects the next fiscal plan will allocate money for Puerto Rico's central government debt.

Detroit's public school system believes the city's stand-alone bond sales bode well for its future market access should it eventually seek to borrow.

Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.

The election results will be the most important effect on the municipal market for the next six months, S&P Live Market Survey says.

Judge Laura Taylor Swain also rejected a motion for a court-appointed investigation of mediation participants engaging in insider trading of Puerto Rico bonds.

As more people work from home, people could be more focused on building out broadband infrastructure.

In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.

Low-rated Long Island county looking to tap the Federal Reserve’s lending program for an upcoming note deals if rates beat the muni market.

Municipal bonds were steady to stronger on Tuesday. Taxable issuance continues its record growth, putting overall issuance on pace to be the largest year on record.

Mayor Lori Lightfoot must manage demands from aldermen without damaging the city's ratings or investor sentiments on a coronavirus-driven budget with few fans.

The board threatened legal action if the local government continued to implement the three pension laws passed in August.

Tax changes sought by the municipal bond industry are likely to be embedded into infrastructure legislation.

Record new issuance in 2020 in the face of dealing with shutdowns, diminishing tax revenues and political unrest shows how resilient the industry is.

Squire Patton Boggs partners Rodney Slater and Alethia Nancoo view the landscape from the ground and the skies with Northeast Regional Editor Paul Burton. Slater is a former U.S. transportation secretary. Nancoo’s practice focuses on public, private and project debt finance. (31 minutes)