Public finance

Judge Laura Taylor Swain says the termination of the PREPA deal could be a "major setback" to adjusting the authority's liabilities.

While the governor is hoping for a deal that would be cheaper for Puerto Rican consumers, the result may be the opposite, critics say.

Secondary trading showed weaker prints, moving triple-A yields higher by three to seven basis points, outperforming larger losses in UST. California priced $2.2 billion of GOs for retail.

The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.

The Illinois Finance Authority signed off on the financing cementing NorthShore University HealthSystem’s recently closed merger with Edward-Elmhurst Health.

The Chicago-based organization is more than a quarter century old and intent on growing.

Emily Brock, director of the federal liaison center at the Government Finance Officers Association, takes time out to talk with Chip Barnett at The Bond Buyer’s National Outlook Conference about infrastructure spending. She also looks at the possibility of Congress approving the return of tax-exempt advance refundings and the SEC and MSRB’s focus on issuers ESG disclosures. (17 minutes)

As municipals continue to underperform the moves in U.S. Treasuries, current ratios are attractive and present a buying opportunity.

A group of bondholders and bond insurers also submitted on Sunday a statement opposing the teachers’ request for stay.

The Eastern Transportation Coalition's report highlights concerns about privacy, trucking and rural drivers.

“Many states are reporting revenue surpluses and rebounding economies, in part as a result of federal aid to state governments.”

Oklahoma is not alone in struggling to fund repairs for aging dams, a $20 billion problem nationwide according to a 2019 study.

Market volatility has risen significantly, particularly in the last several weeks, with daily Treasury yield swings of 10 basis points or more becoming the norm with municipals struggling to stabilize.

The teachers are trying to prevent enactment on March 15.

Forty-one of the state's 115 school districts are floating bond measures or seeking tax levy increases.

The City Council on Wednesday began the first of a series of hearings on Mayor Eric Adams' $98.5 billion preliminary fiscal 2023 budget.

Green bond issuance may offer no pricing benefit to issuers, but observers have noticed that the process of issuing a green bond often leads to an expanded investor base.

Puerto Rico teachers' associations are trying to delay the March 15 enactment of the Plan of Adjustment while they appeal it.

The Turnpike Authority is gearing up bond financing for a $5 billion capital plan, and will pick a team of underwriters and others later this year.

The University of Michigan follows Michigan State this month in joining the club of universities offering 100-year bond maturities.