Munis

Total November volume stood at $19.712 billion, the lightest of any month year-to-date, in 527 versus $37.073 billion in 1,055 issues a year earlier, according to Refinitiv data.

The downgrades for Alaska's largest city come less than two months after the mayor set returning the city's ratings to AAA as a goal in his fiscal 2023 budget.

The Bloomberg Municipal Index is at positive 4.06% as of Friday. Bloomberg indices show high-yield returning 4.17%, taxable munis returning 4.38% in November while the Impact Index is at positive 4.66%.

The developer is seeking as much as $230 million of bonds issued by a community facilities district to pay for cleaning up a landfill and improving infrastructure for the $2.1 billion multi-use project.

Enrollment and inflation-adjusted net tuition trends are negative.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

Property owners in the path of a $5 billion highway extension and the Oklahoma Turnpike Authority are fighting over whether state statutes allow for the issuance of bonds for the project.

Nathaniel Singer, who has nearly four decades of experience in municipal derivatives and advisory space, has joined PFM.

Knotts has almost 15 years of experience in state government and will advise clients in public finance and on economic development matters across Tennessee.

The future of ESG and how it relates to the present raises questions about the general nature of public finance. 

Fitch Ratings revised its outlook to stable from negative on BATA's AA-minus subordinate debt, retaining its stable outlook on AA-rated senior debt.

As issuers continue to discover new ways to unlock infrastructure funding, out-of-the box thinking may win the day.

The City of Rochester, New York, and its former finance director appear set in fighting SEC charges that they defrauded investors in connection with a 2019 bond offering.

The Infrastructure Investment and Jobs Act provides billions in grants for state and local governments. The challenge now is how quickly and effectively they can spend it amid an inflation–fueled rising–rate environment.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

NABL sends detailed letter requesting guidance on interbank offered rates ruling

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

With midterms over, the action now turns to lame-duck legislation that may impact the muni market.

Republican control of the House would bring leadership changes to key finance and tax-writing committees that affect the municipal bond market.

Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.