Public finance

The state is expected to pursue a TIFIA loan instead of toll revenue bonds.

Doe announced his decision to hand over the day-to-day duties to his partners in a client email on Friday.

Introducing The Bond Buyer's newest class of Rising Stars, who will be honored at an awards dinner in Boston on Sept. 30, 2025.

Following last year's record volume, long-term municipal issuance is exceeding that pace through the first half of 2025.

A state-by-state review of 2025 midyear issuance in the Northeast.

Municipal bond insurance volume grew 12.6% in the first half of 2025 year-over-year, according to LSEG data.

Electric power bond issuance was up 47.8% and educatron issuance was up 31.6% from the first half of 2024.

Rising underwriting spreads are a "flashing neon sign that the muni market is still nursing the hangover from higher rates and choppy flows," said James Pruskowski, an investor and market strategist.

The market saw elevated issuance, with an average of $10 billion to $12 billion of supply per week.

Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.