Public finance

A constructive trading session in the secondary aided a busy primary once again as investors appear to be more engaged in the asset class.

Republican criticism over the bill's 64% cut to Amtrak prompted GOP leadership to tap the brakes on the bill late Tuesday.

The deal marks one of the rare instances of true asset recycling in the U.S.

Voters approved several billion-dollar-plus bond referedums before them.

California and Washington sold four large refunding GO deals in the competitive market while several deals of size priced in the negotiated market led by a $650 million for Arizona's Salt River Project. A constructive secondary led yields to fall three to five basis points.

Year-to-date, MIA has seen passengers levels at 113% of pre-COVID 19 levels, boosted by domestic travel, according to a report from BofA Global Research.

"Wokeism" in public finance is an increasingly popular talking point among conservatives.

The upgrade brings Illinois up to the A-minus level across the board. The state had three BBB-minus or equivalent ratings as recently as July 2021.

California Gov. Gavin Newsom announced that he certified the Sites Reservoir Project under the state's expedited environmental rule.

For those of us who study government finance, either for investment purposes or for public policy purposes, complete data sets are far more useful than partial ones that will necessitate ongoing use of legacy PDFs of those issuers that are exempt.

"Under my rule, pension-fund and asset managers are still able to offer ESG products in Missouri," said Missouri Secretary of State John Ashcroft.

Seven out of nine ballot questions voters will face in Tuesday special election in Rhode Island are seeking funds for the development of local schools.

The recent rally is good news for munis, which have "posted a total-negative return loss for three straight months," said Jason Wong, vice president of municipals at AmeriVet Securities.

While it's been a tough year across fixed-income generally, a Wall Street muni retrenchment marks an opportunity for regional and middle-market firms to gain more of a foothold, market participants said.

Attorney General Ken Paxton put several big banks under a review last month, raising concerns more municipal bond underwriters could be driven out of the state.

Teacher shortages and enrollment declines due to growing charter and private schools are two of the problems affecting school financing.

The White House is expected to announce major grants for non-Northeast corridor projects, including potentially high speed trains, before year's end.

Lawmakers are looking for ways to slow the rising cost of property insurance, provide additional relief to victims of Hurricane Idalia, bolster efforts against anti-Semitism and support Israel while targeting Iran.

Friday's employment report was good news for the Federal Reserve, with fewer jobs created and a smaller rise in earnings, leading analysts to cautiously increase expectations that the hiking cycle is over.

Research indicates office space conversions could be financed with bonds.