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Despite the volatility and uncertainty that saturated the tax-exempt market in 2013, municipal bonds are in high demand at Milwaukee-based Robert W. Baird & Co. due to their attractive risk to reward and overall safety, according to senior vice president B. Craig Elder.
January 16
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Michigan Gov. Rick Snyder has reportedly asked lawmakers to come up with $350 million to match private foundations' commitment to support Detroit's pension funds and art collection.
January 16
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The nation's governors support maintaining the tax exemption for municipal bonds, though tax reform appears to be unlikely this year, leaders of the National Governors Association said Wednesday.
January 15
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A state court ruling stopping California from selling $8 billion of bonds for high-speed rail could result in a cutoff of billion in federal matching funds as well.
January 15
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Judge Steven Rhodes will rule Thursday afternoon on Detroit's interest-rate swap settlement in one of the most closely watched decisions of the city's historic bankruptcy case so far.
January 15
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House and Senate appropriators unveiled a $1.012 trillion bipartisan omnibus spending bill for fiscal year 2014 late Monday that would provide funds for transportation and many other programs but not high speed rail.
January 14
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Van Eck Global expanded its line of exchange-traded funds with the debut Tuesday of the Market Vectors Short High Yield Municipal Index ETF, its seventh municipal bond ETF and latest tool for cutting duration and increasing yield potential in a rising interest rate environment.
January 14
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Standard & Poor's changed its outlook on California to positive from stable based on Gov. Jerry Brown's budget proposal for fiscal year 2015.
January 14
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The chairman of the House Transportation and Infrastructure Committee on Tuesday said he expects to have a new funding law for highways, ports, bridges and transit in place before the current one expires on Sept. 30, the end of fiscal 2014.
January 14
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After a six-month delay to allow the market to digest Detroit's bankruptcy, Saginaw County, Mich. is bringing $52 million of pension obligation bonds to market Thursday.
January 14
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Steven Rhodes, judge in the Detroit bankruptcy case, will rule Thursday afternoon on whether to accept or reject the city's controversial settlement with its interest-rate swap counterparties.
January 13 -
More state transportation P3 projects are on the horizon for 2014 due to declines in state and federal funding streams, Fitch said in a report
January 13
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Mediators in Detroit's bankruptcy case unveiled a tentative plan created by a group of local and national foundations that have already raised $330M that could be used for some of the bankrupt city's unfunded pensions as long as the city promises to preserve its storied art collection.
January 13
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