Public finance

Markets were somewhat comforted by Federal Reserve Bank of Atlanta President Raphael Bostic’s comments suggesting the Fed will not be as aggressive as the markets suspect.

The unrest potentially has short- and long-term impacts on the local government and its finances, analysts say.

It's the latest salvo in a growing controversy over the Federal Highway Administration's December memo discouraging states from building new highway capacity.

The state of Washington sold $743 million of general obligation bonds in the competitive market at similar spreads to its November sale while some issuers have moved to the day-to-day calendar.

Judge Laura Taylor Swain's action allows LUMA Energy to continue to operate.

Many Infrastructure Investment and Jobs Act funds can't flow without a FY22 budget

Washington will bring $742 million of general obligation bonds in competitive sales Tuesday, providing guidance for triple-A benchmark yields.

Municipal to UST ratios hit highs earlier in the week, creating entry points for buyers to return to the market even as ratios fell on the week. The primary will see a smaller calendar at $5.4 billion.

Attorneys say the first step is to get a court to stay enactment of the Plan of Adjustment, but that it is unlikely.

The Municipal Securities Rulemaking Board’s request for information on environmental social and governance factors is beginning to collect responses from issuers and practitioners alike, revealing some of the market’s initial priorities.

Municipals were stronger again on the day, though, and new-issues were repriced to lower yields.

Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.

Jaresko's resignation comes the same week as more than 40 Puerto Rican groups called for the disbandment of the Oversight Board in a letter to President Joe Biden.

Illinois' burdensome pension tab and questions over whether revenue can keep pace with spending in the long term pose strains, but the governor's plan to use surpluses to pay bolster the rainy day fund and pension contributions and pay down bills moves the state in the right direction.

The UST selloff and rate fears spooked investors in January, but experts predict more opportunity and a stronger tone for munis in the remainder of the first quarter.

After a signature drive failed to put a water funding measure on the statewide ballot, a state Assembly member is trying to get his fellow lawmakers to do so.

Buyers appeared to return to the market the past two sessions after the January correction moved yields and ratios higher. Secondary trading was up again on Wednesday and new deals were well-received.

Tax revenue declines and urban sprawl are among the possible unintended consequences of the rise in automated vehicles.

Washington plans to sell the GOs by competitive bid on Feb. 8 to fund various projects.

The two active municipal bond insurers wrapped $38.7 billion in 2021, an 8.7% increase from the $35.6 billion of deals done in 2020 and the highest level since 2009.