Public finance

Recent EPA regulations mandating utilities remove lead pipes from distribution systems within 10 years will add to the financial burden.

The event went on as scheduled Tuesday against a backdrop of escalating conflict between the mayor and controller, with each requesting a probe of the other.

"Coming off rich muni-Treasury ratios, the market has swiftly repriced," said 16Rock Asset Management's James Pruskowski. "With now cheaper benchmark yields and wider credit spreads, fresh capital is flowing in, and a strong bottoming opportunity looks to be emerging."

New York City Comptroller Brad Lander announced an initiative to further exclude fossil fuels from pension funds' private portfolios to combat climate change.

Three of the six conservation referendums on Midwest ballots are for bond authorizations; one in Illinois and two in Iowa.

"The identity of the marginal buyer may be shifting, and with that the market's valuation of structure and liquidity," said Matt Fabian, a partner at Municipal Market Analytics.

Tax experts are looking past the election for clues about the fate of the Tax Cuts and Jobs Act, which is approaching its sunset and includes the controversial SALT cap.

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

In FY 2025, the Securities and Exchange Commission's Examination Division will be closely monitoring for compliance with MSRB Rule G-42 on the core standards of municipal advisors, in addition to enforcing the T+1 settlement cycle.

As technology options grow, firms are looking for ways to streamline and scale workflows.

A constitutional amendment would allow municipalities to approve districts that could issue bonds to finance infrastructure for housing developments.

The top five bond financings came in above $7 billion.

Demand for munis remains "insatiable," said Daryl Clements, a municipal portfolio manager at AllianceBernstein.

Mega projects in Boston and Philadelphia top the list.

Christopher Roberts joins the firm as a managing director, Joey Dierker as an associate director, Soledad Mancias as a municipal underwriter, and Steve Basset as a director.

Despite this week's underperformance, exempt investment-grade munis continue to outperform taxable sectors.

The longtime public finance stalwart, known for building out S&P's public finance practice and working on virtually every big public finance project of the past forty or so years, has passed away at 89.

Tourism Development Tax, sales tax, and Professional Sports Facilities tax and revenue refunding bonds were upgraded, impacting $628 million of debt.

The public-private partnership that took over four Puerto Rico toll roads following the territory's bankruptcy is gearing up to sell municipal bonds.

As federal funding dries up, cites are searching for new funding sources.