Public finance

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.

The high-yield sector continues to show strength, with inflows of $364.4 million for the week ending Wednesday, marking 13 straight weeks of inflows, according to LSEG Lipper.

Chicago Transit Authority CFO and Treasurer Jeremy Fine is leaving the agency, CTA President Dorval Carter, Jr., announced.

Both ratings agencies cited the health system's improved liquidity in recent years.

One-time spending, rainy-day funds and fare hikes are forming a rickety bridge for crossing the transit funding ravine.

The state attorney general's office said it will appeal the ruling prohibiting enforcement of 2022's Energy Discrimination Elimination Act.

The new-issue calendar is at $9.7 billion the week, led by the Texas Transportation Commission with $1.7 billion of first-tier and second-tier revenue refunding bonds.

A majority of likely California voters favor a $10 billion bond for climate resiliency projects, according to a Public Policy Institute of California poll.

State DOT procurement practices impact project costs, according to the latest study to tackle the persistent question of why U.S. infrastructure costs are higher than those of other countries.

The sale reflects the strength and demand of New York state paper.

Public pensions are averaging a significantly improved 80.6% funded ratio, but took on riskier investments to obtain higher returns, which would be problematic in a market correction.

Municipal bond mutual funds saw inflows as investors added $891.4 million to funds after $775.3 million of inflows the week prior, according to LSEG Lipper.

Single party control of a state eases perception of bond default risk associated with laws like Chapter 9, a study found.

Overall state general fund revenue is on track with an October estimate, while the projection for the fiscal 2024-2025 yearend balance faces changes.

S&P Global Ratings is concerned that fall freshmen enrollment will be down significantly after dropping last year.

Issuance has remained robust over the past two weeks, with Wednesday being a particularly busy day.

The legislature dodged broad changes to education or transit, but bet big on business-friendly initiatives.