Public finance

Puerto Rico's disputes with New Fortress Energy, the parent of the island's power plant operator, Genera PR, could spread to PREPA.

The city council voted unanimously to hold a special election on an 11-part GO bond proposition, which will be the largest in the city's history.

The hires "will help us further deepen our relationships," said the firm's head of public finance.

"The muni market seemed to ignore Treasuries [last] week, marching to its own beat," said Birch Creek strategists.

"We supported the approved rule change and are extremely disappointed that the MSRB is now proposing to halt the progress it had been making toward full and complete transparency in the municipal securities market," Dimensional Fund Advisors officials said in a letter.

The House Appropriations Committee kicks things off with markups of three infrastructure-related funding bills this week, including transportation.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

New York City lawmakers spent big on social services. But the budget still leaves the city exposed to cuts by the Trump administration and congressional GOP. 

New York issuers lead a $9 billion slate.

Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.