Public finance

The Equity in Infrastructure Project, created to generate opportunities for historically underserved businesses, hit 56 pledges at a California event.

The continued drop in yields has been "buoyed by a broad rate rally and intra-market fundamentals that simply have created more buyers than sellers," noted Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

The White House is set to announce whether the controversial high-speed project will win a major rail grant by the end of the year.

The outlook revision from negative comes as the school system prepares to tap more of its record $2.44 billion of voter-approved bond authorization next year.

High interest rates are exposing both challenges and opportunities.

Delayed over the summer amid rising interest rates, Miami-Dade County is now set to come to market with its taxable revenue bond sale for PortMiami.

Illinois spreads tightened considerably after ratings upgrades earlier this year. The state saw up to 10 bidders on $875 million of taxable and tax-exempt GOs.

West Virginia reduced its pension debt burden by 90% from 2000 to 2021, according to a recent report from the Pew Charitable Trust.

While the muni market faces some headwinds, such as rich relative yields, near-term returns "are likely to be favorable for munis," said Cooper Howard, a fixed-income strategist at Charles Schwab.

All eyes are on the Federal Reserve and monetary policy. Join us as Scott Anderson, chief U.S. economist and managing director at BMO Economics, breaks down the latest FOMC meeting.

Pierluisi says there's more to the island's growth than federal funds. Bondholders said that means the Puerto Rico Electric Power Authority can afford to pay them more.

The project was to have been the first small modular reactor technology in the U.S.

The downgrade of Issaquah School District 411 to Aa1 affects $670 million in debt.

A group of about 10 bankers reportedly is departing Citi for Jefferies.

The city has made some important progress on the expenditure side, but the new mayor's first budget didn't make similar strides on revenues, according to Fitch.

"The upgrade of Pennsylvania's IDR and related ratings reflects recent use of revenue surpluses to build its reserves to historical highs and Fitch's expectation that substantial reserves will be maintained in the near term," the rating agency said.

Megan Kilgore and Virginia Wong talk about how navigating a challenging time in the municipal market has led them to rethink mentoring a younger generation of leaders, and how it is moving the public finance industry forward. Lynne Funk hosts. (39 minutes)

The Metropolitan Transportation Authority's potential budget gaps could widen to nearly $900 million in 2026, according to the Citizens Budget Commission.

"The November muni rally continues as month-to-date returns are now at 4.68%, pushing us further into positive territory for the year as year-to-date returns now stand at 2.35%," said Jason Wong, vice president of municipals at AmeriVet Securities.

States are required to reduce vehicle-related greenhouse gas emissions under the rule that was finalized last week.