Public finance

Despite munis being mixed Thursday, the muni AAA yield curve remains inverted, said Taylor Huffman, a client portfolio manager at PTAM.

New York lawmakers are helping a coalition of legal experts, transit riders, and environmental and disability advocates sue the governor for stopping congestion pricing.

Local government investment pools remain free from SEC rules

V2 Municipal Capital will source deals exclusively for Fundamental Advisors.

Municipal bond insurance grew 24.4% in the first half, compared to the same period last year.

Challenges to laws banning investment banks from underwriting municipal bonds and the targeting of other financial firms for divestment purposes may result from a recent Oklahoma ruling.

The largest is an up to $2 billion issue to replace the I-10 Calcasieu River Bridge.

"While supply has been outsized over the last several weeks, the market has also seen outsized reinvestment demand over the last several months," said Nuveen strategists.

Kaufman Hall & Associates, Caine Mitter & Associates, KNN Public Finance entered the Top 10, while CSG Advisors, Estrada Hinojosa and Columbia Capital Management were bumped.

Revenue from the sales tax could be used to issue long-term debt to reduce the extensive backlog of city projects.

Half of the top 10 issuers are from New York, California issuers hold two spots on the list.

Raymond James was the sole new entrant in the Top 10, knocking out Citi — which formally exited the muni market by the end of Q1 2024.

North Dakota's Bismarck State College returned to the market, pricing $30 million of bonds, with proceeds used to finance the construction of an 80,000-square-foot athletic center.

This week again sees elevated supply, as issuance sits at $9.673 billion, with Tuesday being a very busy day.

The Texas Water Development Board expects to sell up to $1.8 billion of tax-exempt and taxable bonds in September.

The judges will take written statements to decide whether to rehear the case, although petitions for rehearing are generally rejected, one observer noted.

The St. Louis-based senior-living facilities operator has almost $80 million in bonds outstanding.

The initial reaction was a little bit a flight-to-quality trade in rates, which is supportive of USTs and munis as safe-haven assets do well during times of uncertainty, said Chris Brigati, senior vice president and director of strategic planning and fixed income research at SWBC.

A rapidly escalating fire season hit the West amid questions about federal funding and insurance.

Encompassing roughly 270,000 acres, or about 420 square miles, the mixed-use property owned by the publicly traded Tejon Ranch Co. has long been at the center of a debate over wildfires and urban sprawl.