Munis

Illinois local governments weighed down by rising public safety pension contributions are turning to pension obligation bonds.

President Joe Biden Monday signed into law a $1.1 trillion infrastructure bill.

The speculative grade bond sale is part of the financial process of returning the Phoenix-based university to nonprofit status after years as a for-profit.

The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.

By lowering the amount of private activity bonds needed to finance low-income housing, the provision would free up PABs volume for other projects.

A planned 4,500-bed dorm at the University of California Santa Barbara comes as the neighboring city threatens to sue over a lack of on-campus housing.

This Fixed-Income Pricing and Valuation (FIPV) Division will use BDA resources to represent professionals who price and value securities portfolios.

Dallas Area Rapid Transit is enjoying a lift in tax revenues amid a drop in ridership during the pandemic.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.

The Illinois State Toll Highway Authority plans $600 million of borrowing next month and $500 million next year as its 15-year-old capital program remains in full speed ahead mode.

SEC Chairman Gary Gensler focused much of his comments during SIFMA’s Annual Meeting on why he considers himself to be just getting the ball rolling on climate disclosures.

Texas voters are considering an array of local bond measures to fund projects for schools, cities and counties.

A lighter, $5 billion calendar, heavy on healthcare, kicks off November. Most participants agree volatility in U.S. Treasuries will be a leading factor for municipal market performance. Uncertainty in Washington also isn't helping the asset class.

October has, on average, been the heaviest new-issue month of the year. Analysts said the lower volume, particularly taxables, was led by many issuers sitting on the sidelines, waiting for a potential package from Washington, D.C.

The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.

The $162 million tax-exempt new money deal is bolstered by two ratings upgrades and analysts say it will generate a lot of investor interest on Wednesday.

The fast pace of the Democratic negotiations may act in muni market's favor.

Goldman Sachs has joined three other top bond underwriters that haven't done Texas deals under a state law targeting firms with perceived anti-gun policies.