Public finance

The rating agency cited the state's ample reserves, robust natural resource base and critical role in U.S. strategic interests.

A state-by-state review of 2024 yearend issuance in the Midwest.

A state-by-state review of 2024 yearend issuance in the Southwest.

The Federal government's long-term budget challenges could mean dramatic changes for hospitals and health systems nationwide, derailing the post-COVID credit recovery that helped turn the healthcare sector into the fastest-growing segment of the municipal market in 2024.

Muni prices continue to "show relative resilience" despite a nearly record pace of issuance, said Matt Fabian, a partner at Municipal Market Analytics.

They say the reasons the court had given to continue the stay are no longer valid.

The public finance industry is addressing cyber threats, which became clearer with last year's hack of White Lake Township's bond closing.

Issuers in the eight-state region sold $103.3 billion of bonds last year, with Texas deals accounting for $68.13 billion of the debt.

Last week, "there was no meaningful economic data to digest and yields were slightly lower," said Daryl Clements, a portfolio manager at AllianceBernstein.

The unpredictable nature of legislating leads most to holding off on disclosure changes until a bill becomes a law.

Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island's North Shore, are anticipated to receive an initial $6 million distribution after a sale of the facility for $86 million to Chicago-based private equity firm Focus Healthcare Partners, according to a plan approved by a bankruptcy court.

The amount of toll revenue collected between the start date and Jan. 31 is in line with budgeted projections, Jai Patel, MTA's deputy chief financial officer, said.

A state-by-state review of 2024 yearend issuance in the Northeast.

Record issuance spurred by infrastructure needs and election-related concerns.

The muni market produced $512.7 billion of debt issuance in 2024, up 33.1% from $385.1 billion in 2023, according to LSEG data. This surpasses the previous record of $484.6 billion in 2020 by almost $30 billion.

In total, municipal bond insurers wrapped $41.09 billion of debt in 2024, an increase from the $35.38 billion insured in 2023, according to LSEG data.

The 116% surge in healthcare bond sales from 2023 marked "a splash back from depressed issuance the few years prior," said Matt Fabian, partner at Municipal Market Analytics.

The number of transportation issues surged to 529 last year from 405 in 2023, according to LSEG data.

Most states and sectors in the region beat their 2023 issuance by wide margins in 2024. 

Market activity has been somewhat "subdued," and USTs yields have been "relatively well-behaved," though the 10- to 30-year rates have slightly underperformed, moving up three to five basis points, said Barclays strategist Mikhail Foux.