Munis

After one of the worst sell-offs in municipal market history as COVID-19 began its rampage in March, the market rebounded to set the all-time record.

The Treasury and IRS have only granted a few of the National Association of Bond Lawyers' requests for pandemic-related regulatory relief.

Dominick D'Eramo, head of fixed income at Wilmington Trust Investment Advisors, talks with Chip Barnett about how the municipal bond market did in 2020 and what may be on tap for munis in the new year. (12 minutes)

Municipal bond funds saw $2.086 billion of inflows in the week ended Dec. 22, the Investment Company Institute reported Wednesday after a $2.517 billion inflow the week prior.

Lincoln Way school district in suburban Chicago moved further back up the investment grade ladder with a Moody's Investors Service upgrade.

The lawsuits concern bond disclosure in South Carolina, a Florida toll bridge default, and the federal water rights fight between Florida and Georgia.

Tuesday's decision keeps the trial process rolling along, progress the accused banks were hoping to halt with their appeal.

Philip Howard, chairman of nonprofit Common Good, calls on the incoming Biden administration to improve public agencies, schools and hospitals by reducing cumbersome red tape. Paul Burton hosts. (18 minutes)

Sen. Charles Grassley of Iowa's ask seems unlikely given that tax law originates in the House and incoming President Joe Biden's proposals to increase taxes.

Public finance groups are optimistic 2021 will be a breakthrough year for federal tax law changes to help spur the use of tax-advantaged bonds.

Sources see ways to get more investment in infrastructure with municipal bond provisions, but bipartisanship will be essential.

The muni market headed into holiday hibernation on the last full trading day of the week.

The budget included reduced capital improvement and GO issuance plans over the biennium.

SEC Chair Clayton told Rep. French Hill, R-Ark., late last week that he expects the program to sunset at year's end as scheduled.

Munis were flat Monday as the entire curve was said to be undergoing a consolidation.

Multiple news articles, which the SEC did not include, contradict the commission's major reasoning for why a temporary exemption for municipal advisors was needed, SIFMA said.

The toll road operator parters with three international investors to sell half of its U.S. express lane assets in Northern Virginia while eyeing additional highway projects around nation's capital, including a Maryland P3.

Illinois closed Thursday on its second MLF borrowing as the program nears its expiration date.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.