Public finance

Nixon Peabody attorney Roderick Devlin joins Caitlin Devitt to talk about asset recycling, a niche market in the public-private partnership world. Devlin explains what asset recycling is — and is not — as well as the sector's state of play in the U.S. and where it might be headed. (32 minutes)

The borrowing arm of the Missouri Department of Transportation will take competitive bids on $489 million of new money debt Tuesday.

Munis were in their own lane while broader markets were mixed Monday as participants digested various Fed officials' comments on inflation and rate hike schedules.

Rising property values will help keep the $3.56 billion of new bonds manageable, particularly if issuance is spread over multiple years, rating analysts said.

Putting a county government into the real estate development business goes beyond making the numbers work.

In a fuel line lenders' motion, they requested information about the actual terms of the agreement between the board and Vitol, including the circumstances under which Vitol's commitment to vote in favor of the plan arose.

The Infrastructure Investment and Jobs Act provides billions in grants for state and local governments. The challenge now is how quickly and effectively they can spend it amid an inflation–fueled rising–rate environment.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

The newly stand-alone Water Infrastructure Finance Authority can sell water augmentation bonds as part of the state's quest for new water sources.

Refinitiv Lipper reported $2.537 billion of outflows from municipal bond mutual funds for the week ending Wednesday after $2.389 billion the week prior.

The rating agency zeroed in on a handful of measures in a state where voters considered billions in bond measures.

The North Carolina Medical Care Commission got the green light to issue $105.1 million of tax-exempt revenue bonds to fund a five-story building that will house 71 independent living apartments.

Municipal bond mutual funds saw more losses on Wednesday with the Investment Company Institute reporting another week of multi-billion-dollar outflows, bringing year-to-date losses to $123.3 billion.

With midterms over, the action now turns to lame-duck legislation that may impact the muni market.

It appears to have been a good time to request bonds as most of the largest issues were approved.

The market has seen outflows for 13 straight weeks, per Refinitiv Lipper, but Nuveen strategists Anders S. Persson and John V. Miller said "selling is due primarily to investors harvesting tax losses."

Revenues were up while economic activity slipped, with some observers suggesting Hurricane Fiona may have had a negative impact on the economy.

Seven years after dropping Chicago to speculative grade citing pension funding, Moody's returned the city to investment grade, citing pension funding.

The $2.1 billion project could appear on the May 2023 ballot if the Tempe City Council approves it and potential petition drives launched to require voter approval are successful.

Larry Kosmont, chairman and CEO of Kosmont Companies, discussed the interplay between state and local governments as electeds work to solve the state's housing crisis with Keeley Webster, a senior reporter for The Bond Buyer. (18 minutes)