Public finance

The Puerto Rico Bankruptcy Judge on Friday ordered a meeting for Monday between the Oversight Board, lawmakers, the governor and creditors to discuss possible alternatives.

Borrowers are enjoying the strongest market in decades while investors are forced to take what they can get.

State officials say they’re getting it right with their latest plan to fix a crumbling, swerving stretch of Boston highway.

Municipal bond mutual fund inflows fell to $177 million while high-yield is back to outflows, both signaling selling may be moving the market toward another larger correction.

The island's General Fund gained $1.476 billion of revenue.

The $1 trillion spending bill could boost GDP by 0.2% by 2031.

The mayoral candidates faced off in their first televised debate in advance of the Nov. 2 election.

The Investment Company Institute reported $385 million of inflows while ETFs fell to $124 million.

Wisconsin reported healthier-than-expected fiscal 2021 results that should benefit a new money deal planned for next month.

While the Puerto Rico House passed it, the Senate set a Thursday vote to ensure passage.

The $1.27 billion Ohio River Crossing toll bridge between Kentucky and Evansville, Indiana, will bring new jobs and boost the region's economy, officials say.

Congress has until Halloween to reach not only a deal on a bipartisan infrastructure bill, but also a reconciliation deal. Without both, key muni priorities could vanish, says GFOA lobbyist.

Spreads have been widening, but secondary trading was on the light side and triple-A benchmarks were cut by only a basis point in spots even as U.S. Treasury yields once again rose on the 10- and 30-year.

Illinois passage of clean energy legislation cleared the deck for AMP Ohio's stalled refunding of Prairie State bonds, but mandates that would force the plant's eventual closure loom large.

Seventy-seven percent of respondents to a Bond Buyer survey said there should be universal ESG standards and just over half said ESG is “critical” or “very important." Consensus on how to and who should create such a language is less clear.

While a majority of the industry says ESG matters, a consensus on how to define it for this 50,000-issuer, $4-trillion marketplace is still uncertain.

New York, New Jersey and Connecticut are at odds over how to split COVID relief money and the federal government won't step in.

Public finance bankers predicted that 2022 could be another strong one for muni bond issuance at the Bond Buyer's California Public Finance conference.

Triple-A benchmarks saw one basis point cuts in spots inside 10 years while the five-year U.S. Treasury hit a high of 1.154%.

Several Midwest-based not-for-profit health systems are set to borrow for new or acquired facilities and to refund debt with green bonds and taxables in the mix.