Investments

The offering of special tax obligation bonds comes as the state begins a four-phase reopening in its next response to the coronavirus.

Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of the curve. Lipper reported $580 million of inflows.

Oklahoma lawmakers stood their ground after Gov. Kevin Stitt vetoed the budget and diversions from pension funds and transportation.

The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.

Maria Doulis of the Citizens Budget Commission discusses the city's challenges amid the coronavirus pandemic. Paul Burton hosts.

Investors scooped up Illinois’ $800 million deal as the state dug deep into its pockets .

Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.

Investors are sending the message that higher-grade, longer-term issuers will fare far better than lower-rated, higher-yield ones amid a focus on credit.

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

A pre-pricing wire will be discussed by the state, its syndicate, and advisors early Wednesday ahead of a decision on whether to launch the deal or remain on the day-to-day calendar.

The short end of the municipal curve again saw yields fall, but that didn't impede the productivity of the day's new-issue market.

It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.

Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.

More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

The Fed on Monday essentially said it was standing 10 feet back from the market, allowing it to manage the pandemic-driven crisis itself. Lower-rated issuers may benefit most from the facility.

The Westin Lombard hotel and conference center in Chicago's suburbs dipped into debt reserves to cover operations after closing in response to the pandemic.

An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.

The COVID-19 pandemic got in the way of Salt Lake City International Airport's plans to issue bonds for the second phase of its $4.3 billion expansion.

High-grade trading Friday showed the disparate credit picture that investors are facing; they now need to dig deeper into municipal financials and the backstops on certain bonds.