Public finance

Monday's massive selloff contributed to investors pulling more out from the mutual fund complex. Exchange-traded funds saw $1 billion of outflows and high-yield investors yanked out $1.7 billion.

More big cuts will be needed to keep supplies from reaching perilously low levels, the Bureau of Reclamation's leader told a Senate committee this week.

The Oversight Board has issues with the joint resolution.

The 75 basis point hike, prompted partly by hotter-than-expected inflation data, is the largest since 1994.

The move to take back local control came a few months after new leadership took the helm at the airport.

M. Elizabeth Reich has resigned as Dallas’ chief financial officer after almost six years and will be replaced by Jack Ireland, the city’s budget director.

As interest rates rise and muni yields trend higher, the Peach State is set to competitively sell its triple-A rated municipal bonds.

Maui County's mayor now has to approve or veto the budget before the start of the fiscal year on July 1.

Triple-A yield curves rose five to eight basis points. Volatility somewhat eased Tuesday as investors took pause ahead of the Federal Open Market Committee meeting.

The bill, which would overturn a 2017 law, is awaiting Gov. Pedro Pierluisi's signature to become law.

Isaac Yilma has joined the firm's public finance practice in Atlanta as a partner, bringing with him expertise in infrastructure, affordable housing and economic development projects.

Talks between original holders and a law firm over potential securities fraud litigation did not pan out, and trustee UMB NA has canceled all the bonds.

The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."

The 25-basis-point move to higher yields is the largest one-day change in triple-As since March 2020 when COVID began roiling markets. Munis could not ignore a continued selloff in UST led by inflation and recession concerns.

Analysts uncertain about the timing and cost savings as FAFAA names syndicate for possible refunding.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

Ahead of the FOMC meeting, municipal issuers pull back. Investors will be greeted Monday $2.880 billion of new-issue supply.

The White House released proposed rules for the $7.5 billion electric vehicle charging network program as gas prices in the U.S. hit another record high.

More firms are revising issuance projections downward due to lower refunding and taxable volumes. Many participants say it is unlikely the market will hit issuance records reached in 2021 and 2020.

The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.