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The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.
February 11
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Illinois Gov. JB Pritzker resurrected a 2024 pension proposal that would increase the state's funding goal to 100% by 2048.
February 11
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The prepaid gas sector, once a small niche sector in the muni market, has grown exponentially over the years, with issuance reaching a record $31.4 billion in 2025.
February 11
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Tuesday was a particularly heavy day of supply at an estimated $7.5 billion, per J.P. Morgan strategists.
February 10
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The competitive bond sale comes after the triple-A-rated city received a negative outlook from S&P over the use of reserves to ease budget pressures.
February 10
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Federal grants and loans account for $15 billion of the $16 billion Hudson Tunnels project.
February 10
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By an overwhelming bipartisan majority, the House advanced affordable housing legislation that includes a proposal that's expected to spur mortgage revenue bond issuance.
February 10
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The state transportation commission expects to tap into $1.5 billion of revenue bond authorization with two deals totaling $350 million this year.
February 10
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An Oregon senator introduced legislation to create a $600 million Moda Center renovation package involving state, city and county government.
February 10
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This week's expected elevated $12.6 billion in supply" "coincides with a recent uptick in secondary offerings … and may skim some froth from the market, particularly where spreads have hit one-year tights," said J.P. Morgan strategists led by Peter DeGroot.
February 9
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Illinois' economy will underperform the Midwest and the U.S. over the next year, due largely to the effects of federal policies, according to an economic forecast.
February 9
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The downgrade reflects ongoing underperformance in ridership and revenues relative to Kroll's expectations.
February 9
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New York City is in a challenging and defining time, and Mark Levine, a former City Council member and Manhattan borough president who will deliver a keynote address at The Bond Buyer's National Outlook event this Thursday, will play a key fiscal role.
February 9
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The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
February 6
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A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
February 6
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Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
February 6
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The rating agency cited weak operating results and high leverage.
February 6
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The era of "announcement" is over; the era of "execution" is here.
February 6
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Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
February 6
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Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
February 6
