Public finance

The federal government didn't have enough influence in the resulting haircuts to the COFINA bondholders for it to be liable for their losses, the court said.

This is the fourth consecutive month where issuance has topped $50 billion.

Tax-exempt munis have underperformed year-to-date, said David Hammer, a managing director and portfolio manager at PIMCO.

Fitch said the train line's ridership and revenue ramp-up continue to lag projections.

The top two municipal bond insurers wrapped $22.121 billion in 1H 2025, up from $19.4 billion in 1H 2024, the data shows.

The city has promised to contribute $625 million to the stadium project. The team, owned by billionaire Shahid Khan, is to come up with $625 million of its own.

The FOMC held rates steady at the conclusion of its meeting Wednesday and offered no hints regarding a September move.

Oregon Gov. Tina Kotek signed the legislation expected to raise $40 million annually.

Lincoln's City Council unanimously passed three ordinances on Monday paving the way for the bond-financed construction of a new central public library building.

The muni market has "cheapened and steepened," which is a great opportunity for people still on the sidelines to get into the market again, said Jennifer Johnston, director of municipal bonds research at Franklin Templeton.