Public finance

Moody's has raised the senior bonds to Aa1 from Aa2 and assigned a stable outlook to them.

Litigation filed by environmental groups aims to reverse actions taken by the agency's board since it was restructured by the state legislature in 2022.

The three new hires, two from Nuveen and one from Lord Abbett, will report directly to the fund's manager John Miller.

"Active ETFs are becoming an integral part of investor portfolios around the world, with financial advisors increasingly incorporating them into their models-based practice," a BlackRock spokesperson said.

As Erie County sells general obligation bonds to fund its new stadium for the Buffalo Bills, the deal team is targeting a new market: fans of the NFL team. 

The top five bond financings came in above $8 billion.

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

"Should September's positive returns hold as we expect, it would mark the fourth consecutive month of positive total returns — the first such period since the five-month period spanning from March through July 2021," BofA strategists Yingchen Li and Ian Rogow said.

Two former Congressional staffers offered insight into how the debate may play out, but said the industry needs to be vocal and educate lawmakers how bonds help their district.

Carbon capture and broadband funding stalemated by questions over regulations

More than 70% of the projects include transit-oriented development and downtown redevelopment initiatives.

With all but one grant secured and construction underway, Pat McCoy reflected on Gateway's journey so far at a Municipal Analysts Group of New York event.

Jason Akers, partner at Foley & Judell, vows to fight to keep the municpial bond tax-exemption in his new role.

Nuveen LLC reached an agreement to sell its 11% equity stake in Vistra Vision to Vistra Corp., that started as municipal bonds ensnared in a bankruptcy.

The airport's first new money foray into the muni market in nearly 12 years will begin to fund a $1.3 billion transformation plan.

While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.

The agency cited a sustained commitment to healthy reserves and structural balance.

The plan involves building modern infrastructure and streamlining government operations and delivery of services.

The city of Clyde defaulted in August and recently revealed it used debt proceeds for debt payments in a manner that "disguised the deficit cash flow."

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.