Public finance

California has received the most, at $9.7 billion, followed by New York. Transportation is the top spending category nationally followed by climate, energy and environment.

Deep-in-the-red municipal returns are not helping assuage investor concerns, creating a negative feedback loop that has yet to see a pause.

Rising construction costs coupled with the Great Resignation means New Orleans is receiving fewer bids on its RFPs, Mayor LaToya Cantrell said.

The airport was heavily exposed to the now-defunct JetBlue airline, but Southwest has filled the gap.

Assuming the taxable and tax-exempt rates are highly correlated (and in fact they are), we can show that the expected cost of a fairly priced callable bond exceeds that of an optionless bond.

A spike in POB issuance last year that was spurred by low interest rates, roaring stock markets, and other factors is likely to wane.

Last year the university's investment portfolio grew by 47%, a factor contributing to the university's triple-A ratings.

Despite compelling yields and ratios, buyers continue to be selective. Even if rates stabilize, municipal investors will likely be cautious for some time, waiting for fund outflows to abate, strategists said.

Gov. Newsom doubled down on an $11.5 billion gas rebate plan opposed by fellow Democrats in his May budget revision.

Toll roads could see a negative impact if elevated fuel prices linger for three years or longer, but mass transit would benefit, says S&P Global Ratings in a report.

Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

The new relationship allows RIAs to access BondLink's hosted investor relations pages without having to leave InspereX's BondNav platform.

Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.446 billion of outflows, though that was down from $2.669 billion of outflows in the previous week.

The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.

Affluent, urban communities enjoy a natural edge when it comes to competing with their less-resourced rural peers for the new infrastructure funds.

Valuations look increasingly attractive relative to other fixed income asset classes, even as rising interest rates continue to weigh on the market, strategists say.

Gov. Gavin Newsom's focus on voluntary water conservation has not brought much in the way of water conservation — consumption grew 19% year-over-year.

Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week. 

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.”

New York Dormitory Authority school bonds and Northwell Health priced and upsized, while Wisconsin and Oregon offered general obligation bonds. Analysts say municipal curves are oversold, creating a buying opportunity.