Public finance

Swain said she would review the consistency of the proposed Plan of Adjustment with the certified fiscal plan in deciding whether to approve it.

The lion's share of the deal is taxable, with a $20 million tax-exempt new money series; proceeds from the taxables will refund outstanding debt.

The board wants the deadline for retail bondholders to vote on the Plan of Adjustment to remain Oct. 18.

The increase in yields and spread widening across municipal sectors has given some pause to high-yield investors after months of stagnation.

A nonprofit that funds charter schools for low-income students is set to price a $233.5 million of revenue bonds Wednesday.

Smaller issuers like rural hospitals and charities are often blocked from issuing bank-qualified debt under current rules, which would change under a reconciliation bill provision.

Challenges abound in meeting the needs of both investors and issuers in incorporating environmental, social and governance factors into the municipal market. Jasper Cox, Fixed Income Analyst at the PRI, Principles for Responsible Investment, gives insights into how the market can adapt. Lynne Funk hosts. (23 minutes)

A law protecting the firearms industry from "discrimination" has made the top underwriters hesitant to do bond business in the state.

Municipals took a breather Monday, largely ignoring stock market volatility and softer U.S. Treasuries, ahead of a solid $9 billion new-issue week.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

Tax-exempt advance refundings emerge as the top priority for muni market participants as Congress debates reconciliation budget measure.

Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.

Ratios have moved into a higher, more favorable range, especially in the belly of the curve. The municipal calendar is building, led by taxables and refundings, after they dropped significantly in September.

The current bill is inconsistent with what the Oversight Board has said it is willing to accept.

The Allegheny County Airport Authority sold $832.7 million of bonds to cover two-thirds of the construction costs in the latest example of the region's modernization.

The lower inflows and high-yield outflows can be tied to the correction over the past week and may point to uncertainty from retail investors over broader market volatility.

Despite the recent two-week extension Peter Hein says the timeline is too tight and another week is needed.

September issuance was down more than 32% from the same month in 2020; total issuance so far this year is at $346.48 billion, down 2.4% compared to last year.

Puerto Rico Gov. Pedro Pierluisi said the power agency's new leaders must end the outages plaguing the island.

With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.