Public finance

Refinitiv Lipper reported $2.262 billion of outflows from municipal bond mutual funds for the week ending Wednesday after $2.057 billion the week prior.

California is looking to pioneer the floating wind technology that's required in the deep waters where roughly two-thirds of the country's offshore wind potential exists.

The Investment Company Institute reported $5.128 billion of outflows for the week ending Oct. 5 after $5.374 billion of outflows the previous week.

The dollars mark the second of five years of increased state highway funding promised under the Infrastructure Investment and Jobs Act.

The rating outlook boost to positive from stable follows recent progress on steadying reserve rates and paying down debt, S&P said.

Munis are in the black so far in October and some participants see signs of continued improvement.

The proposed county budget, buoyed by rising tax revenues, a healthy fund balance and pandemic relief, stays the course on supplemental pension funding.

Jeff Davis, senior fellow at the Eno Center for Transportation, talks with Caitlin Devitt about how the midterm elections may affect transportation funding and policy. He discusses likely new chairs on key Congressional committees, legislation to look for next year and the potential spending gridlock if Republicans gain control. (27 minutes)

While October is typically a busy issuance month, 2022 is not shaping up to be as more issuers are sidelined by volatility. The primary market will see another light calendar in the holiday-shortened week.

U.S. Treasuries saw more losses and municipal to UST ratios fell on the day's moves with the long bond valuation below 100%.

The new video-sharing app will combine social media technology with crowdsourced content to inform on all things investing, says founder Charles Qi.

Steve Genyk, head of middle markets, will assume leadership of the public finance team on an interim basis, the firm said.

Ratings for Kansas have not changed since it was downgraded three times during the prior decade due to structural budget problems in the wake of tax cuts.

If Republicans gain control of the influential House T&I committee, expect investigations into the rollout and spending of infrastructure dollars.

Bids wanteds are on the rise, but a constructive secondary market showed a steady to firmer market in the past two sessions. ICI's latest outflows figure is the highest since June.

The consolidation of suburban and downstate firefighter pension fund assets is nearly complete but litigation is delaying the police consolidation.

City leaders announced the availability of 30,000 Section 8 housing vouchers this week.

Triple-A yields fell four to 10 basis points across the curve amid robust secondary trading with high-grade names showing clear moves to lower yields.

The Department of Transportation's initiative will allow transit and transit-oriented development to cover 49% of project costs with a TIFIA loan.

The El Paso County Hospital District is evaluating options, including other debt proposals, to address capacity constraints at its facilities.