Public finance

In the first half of the year, private-sector jobs in the Big Apple surpassed pre-pandemic levels as payroll gains outperformed the national growth rate. However, Mayor Adams says there is one big problem that "will destroy New York City."

Refinitiv Lipper reported $798.474 million was pulled from municipal bond mutual funds in the week ending Wednesday after $407.976 million of inflows into the funds the previous week.

Power of EPA regulation and SRFs are called into question during hearing.

Utilities have faced lawsuits following wildfires for their perceived role in the destruction.

With around 30% of bonds trading near the de minimis threshold, a new study takes a deep dive into how the rule drives illiquidity as mutual funds dump paper that's approaching the threshold.

The 17 struggling hospitals awarded loans through the program serve low-income and elderly patients or are located in underserved areas.

The Des Moines Airport Authority wants to take advantage of Polk County's triple-A ratings to lower borrowing costs for a terminal project.

State Treasurer Elizabeth Maher Muoio said lower-than-predicted fuel use in fiscal 2023 meant a 0.9-cent lift to the Petroleum Products Gross Receipt tax rate.

California and the Port Authority of New York and New Jersey held one-day retail order periods for $1 billion-plus issues.

Water sector organizations are pressing Congress for a full appropriation for State Revolving Funds

Eskaton, a northern California-based not-for-profit, is spinning off the trio of healthcare facilities to stem fiscal bleeding, and focus on its strengths in the senior-living sector.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

While the university remains current on bond payments, it is not financially stable, sources say.

Airports are returning to the municipal bond market to build and renovate runways, concourses and terminals as passenger traffic rebounds.

Investors remain hesitant about "jumping back into munis even as rates are nearing multi-year highs as tax-exempts are still not cheap enough with the front-end ratios still yielding under 70% while the historical averages are around 90%," AmeriVet Securities' Jason Wong noted.

The Department of Treasury had until Aug. 31 to file an appeal and failed to do so.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

Sports wagering is forecast to increase the state's revenue by about $23 million a year when it's fully implemented. Retail locations open this week and mobile applications go online at the end of the month.

Breckinridge's Ruth Ducret discusses how her firm takes ESG factors into consideration into their credit and investment strategies, the market's vulnerabilities in the face of climate change and how transition risk is a real threat. Lynne Funk hosts. (33 minutes)

The calendar will rebound with an estimated $7.141 billion next week with $6.323 billion of negotiated deals on tap and $817.6 million on the competitive calendar.