Public finance

More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.

Mayo is publicly offering $516 million of tax-exempt bonds and privately placing $200 million of taxables.

New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.

The state under transportation secretary Shawn Wilson is gaining a national reputation for pursuing P3s for tolled bridge replacements.

The California Health Facilities Finance Authority will price the final authorization of $1.05 billion from the $2 billion program on Tuesday.

The Virgin Islands Public Finance Authority and Matching Fund Special Purpose Securitization Corporation plans to price $793.025 million of tax-exempt and $124.960 million of taxables.

The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.

The Chicago Transit Authority's sales tax pledge remains healthy even as it struggles to recover riders amid rising crime and remote work trends.

Assured Guaranty Municipal Corp. and Assured Guaranty Corp. both resolved their exposure to its insured Puerto Rico debts leading to the upgrade to A1.

Muni performance has been strong as of late, and spreads have actually corrected after a month of gradual widening.

The Sites Reservoir received two doses of good news on its financing last week — a federal loan and an increased allocation from a 2014 statewide bond.

The Port Authority of New York and New Jersey is a "trailblazer" in public-private partnerships, and P3 investors hope to see more action in U.S. airports.

Swain said several mediators involved in the central government's plan of adjustment are unavailable for the PREPA deal. The Oversight Board says the local legislature will not be included in the negotiations.

Next week's potential volume is slated to be $7.7 billion. The largest deal of the week comes from New York City with $891 million of tax-exempt general obligation bonds. Recent New York paper traded up Friday.

With volatility and illiquidity realities for the foreseeable future, insights into new-issue and secondary pricing are critical.

Outflows continued, rising significantly in the latest week, with Refinitiv Lipper reporting $2.136 billion coming out of municipal bond mutual funds, following outflows of $661.675 billion in the previous week.

Texas says it will crack down on financial companies it perceives to be mistreating the fossil fuel industry as it implements a 2021.

Idaho will bring its inaugural issuance tapping a new transportation funding stream supported by sales taxes.

The Investment Company Institute on Wednesday reported $2.258 billion of outflows in the week ending March 9, down from $3.502 billion of outflows in the previous week.

Bond investors are understandably cautious in response to recent market volatility and ahead of what is expected to be a Fed rate hike Wednesday, participants say.