Public finance

The Baa3 rated government will now have more trouble supporting the struggling Guam Memorial Hospital, Moody's Ratings said.

Political dysfunction is far and away the leading economic and policy concern for muni market participants, according to a new Bond Buyer infrastructure survey.

If the shutdown lingers, disruption to key economic data releases could increase market uncertainty, said Tom Kozlik of HilltopSecurities.

Sophisticated issuers and investors shared insights into how they navigate the complexities of the municipal bond market at The Bond Buyer Infrastructure event.

Four hired as counsel and seven other staff members are bulking up the team's D.C. and New York offices. 

Two months after property tax payments would normally be due, Cook County, Illinois, is still struggling to send out accurate bills for the second part of 2024.

Nearly $29 billion of the $30 billion cap has been allocated, said Morteza Farajian, director of the Department of Transportation's Build America Bureau.

October has historically not been "particularly kind to the municipal market, as it tends to be one of the heavier supply months of the year," said Daryl Clements, a portfolio manager at AllianceBernstein.

Pausing federal funding creates another hardship for municipalities who are also reeling from infrastructure grants being clawed back by the U.S. Department of Transportation.

At The Bond Buyer's infrastructure conference, panelists speculate about the reliability of federal funds under the current administration.