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While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.
September 19 -
The agency cited a sustained commitment to healthy reserves and structural balance.
September 19 -
The plan involves building modern infrastructure and streamlining government operations and delivery of services.
September 19 -
The city of Clyde defaulted in August and recently revealed it used debt proceeds for debt payments in a manner that "disguised the deficit cash flow."
September 19 -
The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.
September 19 -
The ratio of local government municipal debt to GDP in aggregate has fallen to around 10% from 20% in 2010.
September 19 -
Florida's official outlook indicates the state government faces a $10 billion deficit by mid-2028 without major tax and spending changes.
September 19 -
"We, the city of Philadelphia proper, we can't do it alone," Parker said in a keynote address at The Bond Buyer Infrastructure conference Tuesday. "We are grateful to our state and our federal partners, as well as the bond market."
September 18 -
For municipals, Wednesday "marks a crucial step forward, perfectly aligned with the current risk landscape," said James Pruskowski, chief investment officer for 16Rock Asset Management.
September 18 -
Up to $182 million of bonds will be issued by a city of Frisco entity to renovate Toyota Stadium, home to Major League Soccer's FC Dallas.
September 18