Public finance

ESG investing has grown complex enough that it’s time we recognize what strategy or product is best suited for a given situation.

Recognizing what ESG strategy or product is best suited for a given situation is a crucial first step for the market to establish long-needed standards and guide usage into the effective outcomes participants wish to see.

The Iowa Fertilizer Co. will refund its Midwestern Disaster Area revenue bonds with a new structure that yields higher Fitch, Moody's and S&P ratings.

Oklahoma hopes to close on a federal loan this summer for rural highway construction and improvements that would tap into $200 million of borrowing authorized by a 2021 state law.

Investors pulled more from municipal bond mutual funds last week, with Refinitiv Lipper reporting $4.106 billion of outflows, bring the total to $22.3 billion of outflows year-to-date.

The Oversight Board says an adversary complaint affecting HTA claims remains active, contradicting a statement made to the court last month.

Surface transportation groups like AASHTO want a phased implementation of the IIJA's Buy America policy.

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

Like last week, supply for the new-calendar issuance is light at $4.804 billion with $3.182 billion of negotiated deals and $1.622 billion of competitive loans.

Moody's deemed the temporary gas tax holidays implemented in several states credit negative.

The second quarter should bring more opportunity and less volatility following the worst quarter in four decades, analysts said.

Investors pulled more from municipal bond mutual funds as the Investment Company Institute on Wednesday reported $4.786 billion of outflows, up from $4.459 billion of outflows in the previous week.

The the $389.495 million of tax-exempts were sold late last month to help fund construction of the Broward County Convention Center Headquarters Hotel.

States need to balance the growing concerns about oil prices with the need for infrastructure, Secretary of Transportation Pete Buttigieg said.

Denver will head to the municipal market next week with its biggest new money general obligation bond sale ever at $366.4 million.

Apollo will make an equity and credit investment that will significantly increase SWS’s underwriting capacity for municipal and corporate debt, as well as equity offerings, the firms said.

The March consumer price index offered little to deter the Federal Reserve from its aggressive plans, but markets saw it as a positive, having feared an upside miss.

The underwriters filed a defense to the court earlier this month and analysts are skeptical of MBIA’s chances of prevailing.

"If you clean it, they will come," says an EPA official as new federal environmental funding helps cities revamp old industrial areas into new neighborhoods.

Triple-A yields continue to rise, with the two-year muni just below 2%, the five well above and the 10-year approaching 2.5%.