Munis

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

Declines are attributed to the pandemic and were highest among first-year students, report says.

The city's full-court press on investors includes a webinar to replace pre-COVID-19 investor luncheons and one-on-one calls ahead of the $1.24 billion deal.

A company that has defaulted on debt payments is seeking California approval to sell an additional $53 million in tax-exempt bonds for a factory there.

Longer-dated municipals strengthened Thursday as transportation deals from Oregon, Texas and Atlanta issuers came to market.

The pandemic's effect on the economy and learning, along with what may be growing voter antipathy, are cited for the dearth of November bond measures.

The student housing and academic facility that serves the University of Illinois Chicago campus opened in August.

Muni yields fell a basis point on some AAA curves Wednesday as deals from Maryland and California hit the screens.

Johnsen, 67, had served as a board member of the National Association of Municipal Advisors. He retired in 2018 as a principal of Fieldman, Rolapp & Associates.

Declining tourist taxes, which support the bond-financed Orange County Convention Center's expansion, led officials to suspend the design work on the project.

Refinitiv Lipper reported $139.364 million of muni fund inflows, the 17th week in a row of positive results, but the lowest gain since July.

Georgia Power said in its latest report for the Plant Vogtle project that more than 800 workers have contracted COVID-19, and most have recovered.

The Florida State Board of Administration Finance Corp. deal was upsized by $1 billion on a day that gave muni buyers a wide variety of paper to choose from.

Briefs from the U.S. Department of Transportation and the passenger railroad argue that private activity bonds for the Florida project were allocated correctly.

Neal, the most influential advocate for tax-advantaged bonds in Congress, is assured re-election because Republicans are not fielding a candidate in November.

The California Housing Finance Agency made its first use of a program that enables it to issue bonds beyond its yearly private activity bond cap.

Municipal bond volume kept rolling in August, producing the second-highest volume for the month in the past decade, marking the third consecutive month this year of greater-than $40 billion.

Rep. Richard Neal was the lead architect of the muni-friendly provisions in the Moving Forward Act which passed the House in July.

The university and its health system are experiencing the biggest shortfalls ever, president Thomas Katsouleas told Connecticut lawmakers.

In taking advantage of historically low taxable municipal bond rates, Florida's deal should be attractive for yield-starved investors, state official says.