Investments

“What purpose do reserves serve if we don't utilize them in times when you have a problem?” one alderman asked.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.

A Senate imposed 3.75% interest rate cap was a major obstacle to completing the deal.

One muni bond sector that had been a go-to for heavier allocations was utilities, according to Kim Olsan.

Securities lawyers and the trade group for municipal advisors agree unregistered muni advisors shouldn't still be ignorant of the law.

Build America Mutual has extended its GreenStar program to include non-insured deals as well as also being placed on the Nasdaq Sustainable Bond Network.

The North Texas Tollway Authority's $758.3 million refunding will provides short-term principal relief after the coronavirus caused lost toll revenue.

Chicago's $1.2 billion airport refunding will smooth out fiscal operations through next year amid a massive decline in airline travel.

The Puerto Rico Housing Finance Authority will be in the market with almost $250 million of public housing project refunding bonds.

A project to bring train service to LaGuardia Airport is closer to breaking ground despite the fiscal headwinds created by the COVID-19 pandemic.

Irene Carroll and her company, Funding the Gap LLC, settled with the SEC Friday for not registering as municipal advisors. The SEC said Caroll knew she provided similar services as an MA.

The Municipal Securities Rulemaking Board's David Hodapp said an MA's fiduciary duty to an issuer trumps fair dealing obligations to investors.

S&P said the downgrade is the result of what is likely a one-off analytic error in 2005; the bonds in question are held by Fannie Mae and have never traded.

The firm hired seven new senior-level bankers in its fixed income division.

The public-private partnership that had been constructing the light rail line and stations has shut down construction work.

A group of pensioners is trying to stop the bond sale.

Without more fiscal support, the outlook becomes murkier with the possibility of economic data disappointment and volatility in rates, and historically muni demand dampeners, Morgan Stanley said.

Florida State University's voluntary disclosure on lower dormitory occupancy is an example of providing timely information, Moody's Investors Service said.

The state's new accounting system gets the blame again for California's second year with an extremely late CAFR.

From June to July, not many municipal advisors relied on the SEC's temporary exemption and some sources say they don't expect it to be heavily used.