Public finance

Retiree medical benefits are creating an overhang for states as they continue to grapple with the pandemic, analysts said.

The House is expected to approve a stopgap funding measure that suspends the debt ceiling and marks one of several partisan showdowns ahead of the looming fiscal year-end.

Data released Tuesday reflected a murky picture on the strength of the economy, but the market’s eyes were fixed on the Federal Reserve’s policy meeting in Washington, D.C.

Mayor Lori Lightfoot wants to use $1.3 billion of the city's $1.9 billion in coronavirus relief aid to make up for lost revenues.

The government is also hoping an outside company will take over the Limetree oil refinery in St. Croix.

Private sector competition and unprecedented retirement rates are driving a need to attract new finance workers to a stable and thriving profession.

Morgan Fahy has joined BAM’s capital markets team from Citigroup.

Without the primary in play and a mostly muted secondary, triple-A yield curves were little changed, coming nowhere near the moves in UST with the 10- and 30-year falling five and six basis points as equities saw their worst day since May.

The school will sell $600 million of bonds that a third party verifier said meet green standards.

The commowealth is flush with cash but still managing the effects of the COVID-19 pandemic.

Municipals have been distracted by the robust primary market and that trend will continue next week when another large new-issue calendar greets investors.

The board sent mixed signals on a possibility of deal with legislature on pension cuts.

Detroit revised its revenue estimates upward this week as more revenue flows from the reopening of casinos and new internet gambling options.

Several strategists estimate the municipal market will be 50% taxable in five years if a direct-pay bond option makes its way into law.

Majority Leader Steny Hoyer said Friday the House will vote next week on the debt ceiling as well as a must-pass stopgap spending measure.

RBC and two muni managers settled charges of flipping bonds in the SEC's latest action targeting abuse of retail order periods.

Concerns range from frayed infrastructure to better communication in the face of the deadly flash flooding that caught the city by surprise in storm Ida.

The local government is trying to apply pressure on the board to get its way on the Plan of Adjustment.

Refinitiv Lipper reported $1.3 billion of inflows and an increase in high-yield flows, marking the 28th consecutive week the fund complex saw inflows.

Illinois trimmed yield penalties in its latest sales tax-backed sale with spreads of 40 and 45 basis points on its 10-year compared to 89 bp three years ago.