Public finance

Mayors are urging Congress to preserve major housing support in the reconciliation bill.

KeyBanc Capital Markets priced tax-exempt bonds that will fund more than 300 units in Clayton County, Georgia, with the help of a Fannie Mae finance program.

State Comptroller Thomas DiNapoli's annual report reinfornced the transit authority's struggles that took hold during the pandemic.

The New York City Housing Development Corp.'s chief operating officer, who died Friday, understood bond financing nuances and "connected people and ideas."

Municipals have not tracked directly with the UST moves, where the 10- and 30-year UST has risen 24 and 26 basis points, respectively, from Wednesday. Municipals have seen yields rise by 16 and 11 basis points.

The Plan of Adjustment confirmation hearing will still begin on Nov. 8.

City department heads are being asked to identify projects that would be eligible for federal funding.

The district follows up on a taxable refunding with some new money and refunding as the ink dries on pension legislation that removes the threat of insolvency.

Chris Johns and JT Thompson, portfolio managers at the Aquila Group of Funds talk about the possible return of a BABs-like program and if it’s good or bad news for the tax-exempt bond market. They also discuss infrastructure, tax-exempt advance refundings and monetary policy. (21 minutes)

The high-grade muni scales saw cuts of up to four basis points in a continued selloff Monday as the market faces a robust slate of new issues.

The move could push the Plan of Adjustment, and debt restructuring, closer to the finish line, although the Senate president listed eight more concessions he wants.

The rising risks of climate change are more apparent as Texas' largest wholesale public power provider comes to market with $248 million of revenue bonds.

Congress this week will take up bills closely watched by the muni market, including infrastructure, budget and debt ceiling measures.

Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

While there is no formal deal between the board and the local government, the bill may ultimately serve as a comprehensive bargain.

Month-to-date returns for municipals are in the red with the Bloomberg Fixed Income Indices municipal index returning -0.12%, high-yield at -0.15% and taxables at -0.32%.

Cities and representatives from the National Urban League said the infrastructure bill would be a huge boost for cities and underserved neighborhoods.

Gavin Newsom lauded the $15 billion approved by lawmakers for climate change, but transportation was left out in the cold.

Judge Swain said she would rule on Sept. 30 on extending the Oct. 4 deadline for voting.

William Estes has overseen multibillion-dollar design-build and infrastructure developments for government agencies in New York.