Munis

The municipal dealer community supports market transparency. The proposal before Congress, however, is poorly conceived, has few if any market supporters, and has the potential to be very expensive.

A Rhode Island GO deal pricing next week includes $100 million for public schools; a measure on the ballot in November would authorize $250 million more.

An audience poll during the National Association of Bond Lawyers' Workshop indicated that offering and disclosure fraud were among the highest concerns for the muni market.

Issuers should expect to see an increased presence of IRS agents as the service's Tax-Exempt Bond office completes a round of hiring and the IRS budget grows.

The Minnesota municipal bond vet will continue his focus on charter school finance in Florida.

The credit outlook on individual credits in Florida is mixed as the first reports of damage from the hurricane start filtering in.

Partisan politics is playing a larger role in public finance, flaring up into bickering more often than in the past.

While October is typically a busy issuance month, 2022 is not shaping up to be as more issuers are sidelined by volatility. The primary market will see another light calendar in the holiday-shortened week.

The Sherwood school district in northwest Oregon had its issuer rating downgraded to A3 from A1 by Moody's Investors Service.

The Municipal Securities Rulemaking Board's intends to spend $45.5 million over the course of FY2023.

Opponents of Oklahoma Turnpike extensions are calling for limits on the agency's ability to issue bonds and raise tolls.

Triple-A yields rose more than three-quarters of a point on the front end and nearly half a point out long in September as munis posted 3.84% losses.

For the first three quarters, total issuance sits at $308.440 billion, down from $361.932 billion in 2021. Taxables are down 48.0% to $45.724 billion from $87.979 billion.

Legislation requiring standardized financial disclosure from issuers is attached to a must-pass defense bill, which narrows the window to fight the measure.

Recent court decisions have the potential to up the ante in lawsuits accusing major banks of manipulating the variable-rate market.

Upgrading the agency's technology could make information exchange more secure.

Meredith Hathorn's almost forty years in public finance situate her well to steward the board through the coming fiscal year.

The ruling "sends a strong signal to other states that trucking is not to be targeted as a piggy bank," said the president of the Rhode Island trucking association.

John Hallacy talks with Chip Barnett about how fiscal and monetary policy is affecting the municipal bond market. He discusses recent data releases, supply forecasts and the midterm elections and the future of ESG in public finance. (20 minutes)

Brett, whose term ends this week, oversaw the MSRB's push for a greater integration of technology as well as overseeing some controversial rule proposals.