Public finance

Another swing in U.S. Treasury market pushes muni to UST ratios out long even cheaper.

Fitch affirmed the Los Angeles-area airport's A rating and raised its outlook to stable though a $1 billion terminal project stalled during the pandemic.

The new academic center housed at the University of Maryland is developing P3 industry standards and a peer exchange program for state infrastructure czars.

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

The new-issue calendar tops $9 billion led by $3 billion taxable and tax-exempts from University of California Regents, a $1 billion plus healthcare deal from Michigan and $1.35 billion of GOs from Washington State.

The legislation proposed by Gov. Charlie Baker includes more than $1.3 billion in capital bond authorizations.

Nebraska is a pay-as-you-go state, which some say has stalled completion of its 600-mile expressway system.

Revenues were also up compared to the Oversight Board's projection made on Jan. 27.

Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $3.548 billion of outflows, down from $4.106 billion of outflows in the previous week.

The future is uncertain and population shifts may take decades, but city officials need to start preparing for climate-driven migration now, says a new report.

A lot is at stake for facilities like Los Angeles International Airport, which has a $15 billion capital improvements program underway.

Through BondLink’s new ESG solution, the system provides investors with updates on an ongoing basis — not just at the time of sale — about the projects selected, their progress and any potential impacts.

Several additional steps would be needed before the private operator of the transmission and distribution grid would be removed.

The Investment Company Institute reported investors pulled $7.2 billion from municipal bond mutual funds, the largest figure since the outlier months of March 2020 when investors yanked $24 billion in two weeks.

The budget represents a turn-around as the county got a handle on pandemic-related expenses.

Alex Wiggins, CEO of the New Orleans Regional Transit Authority, said it will be looking at a combination of bond authority and public-private partnerships to help pay for transportation infrastructure projects.

The two active municipal bond insurers wrapped $8.176 billion in the first quarter of 2022, a 3.25% decrease from the $8.442 billion of deals done in the first three months of 2021.

Having completed its first flood management P3, the Army Corps is embarking on a pair of P3 financings to restore urban ecosystems.

The significant cheapening of municipals in recent weeks continues to create headwinds for the overall tax-exempt market on a daily basis.