Public finance

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.

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.

Developers of a $240 million hotel at the U.S. Air Force Academy Visitors Center in Colorado Springs are appealing to investors with an appetite for risk.

The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.

Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.

Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.

Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.

New York’s Hudson Yards development on Manhattan’s West Side was able to cover its debt service obligations despite the effects of the COVID-19 pandemic.

Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels.

Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.