Munis

RBC and two muni managers settled charges of flipping bonds in the SEC's latest action targeting abuse of retail order periods.

The Securities and Exchange Commission settled with the Sweetwater Union High School District as well as former Chief Financial Officer Karen Michel.

Illinois trimmed yield penalties in its latest sales tax-backed sale with spreads of 40 and 45 basis points on its 10-year compared to 89 bp three years ago.

The pluses and minuses of breaking up the 70-year-old Santa Monica-Malibu Unified School District will be weighed during a public hearing Saturday.

Friendly market provisions, including a direct-pay bond program and restoration of advance refundings, will head to full House after approval by Ways and Means Committee.

Chicago Mayor Lori Lightfoot chose San Antonio schools superintendent and former CPS CFO Pedro Martinez to lead the district ahead of a major governance shift.

Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.

Convention centers and hotels suffered another steep drop in business revenue in 2021, a survey shows.

Massive market returns coupled with rising contribution rates, led by worst-funded states like Illinois and New Jersey, boosted state retirement systems.

SEC Chairman Gary Gensler signaled he wants to bring greater efficiency and transparency to municipal bond market

He made his announcement at an under-construction elementary school to underscore a $250 million construction bond he championed.

Market participants welcomed the municipal-related provisions in the reconciliation bill but are hesitant to start making bets on its passage.

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

The MSRB has announced an extension for municipal bond advisors seeking Series 54 certification, moving the compliance date from to Nov. 30, 2021, from Nov.12.

The Kentucky Public Transportation Infrastructure Authority and the Kentucky Turnpike Authority plan refunding revenue bond sales this month.

The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.

The absence of advance refunding and a direct-pay bond program in the bipartisan infrastructure package has lobbyists pushing for inclusion of those things in the reconciliation bill, a matter only weeks away.

S&P has Muncie and Plainfield on its watch list with negative implications.

Several cities could eliminate or drastically reduce unfunded pension liabilities, Reason Foundation's Robert Poole found.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.