Public finance

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

A larger new-issue calendar greets investors with a lot of cash on hand and strategists expect municipal yields to rise as the calendar builds.

The fund focuses on investment-grade state and local government debt funding sustainable development, including affordable housing, green spaces and hospitals.

Refinitiv Lipper reported $1.1 billion of inflows into municipal bond mutual funds, with high-yield falling to $144 million. Even with the lower reported inflows, funds still raked in record billions so far in 2021.

The state prices $2.1 billion for institutions on Tuesday, also the date of the statewide vote on whether to recall Gov. Gavin Newsom.

Boston-based Breckinridge will partner with Harrington Cooper to specialize in investment grade fixed-income and ESG integration for investors in the UK, Ireland, Continental Europe and Japan.

The 16-year public finance veteran has concentrated much of his career on aviation-related financings.

Joanie said she likes public finance because “you get to do the financial side while still having a lot of interaction with clients.”

The rating agency elevated the agency's energy housing and economic recovery bonds to Aa3.

The local planning board is more optimistic about the next 10 years of Gross National Product growth than is the Oversight Board.

The Federal Reserve said Wednesday in its Beige Book report that U.S. economic growth slipped to a more moderate pace between early July and the end of August.

Altru's deal drew a downgrade from Fitch Ratings and a raised outlook from Moody's Investors Service.

The deal enhances the data, analytics and execution services the firms provide for municipal bonds and other fixed income securities, they said.

The taxable deal from Georgia's largest not-for-profit health system offers investors three index-eligible bullet maturities in 10, 20 and 30 years.

The former Metropolitan Transportation Authority chairman pledged his "support, service, and assistance" to Gov. Hochul and her administration, but not in the ESDC role.

As the market prepares for a smaller primary calendar in the holiday-shortened week, fund flows again are worth exploring as a strong demand component for 2021.

The Bond Buyer is seeking industry-wide input on environmental, social and governance factors in the public finance space.

Moody's moved its outlook to positive on Minnesota's Aa1 rating, and S&P went to stable from negative on its AAA rating ahead of the state's annual bond sale.

On the 20th anniversary of the Sept. 11 attacks, Howard Cure of Evercore Wealth Management and Andrew Rein of the Citizens Budget Commission share memories of that day, how New York managed the crisis and prospects today as the city looks to recover from the pandemic. Paul Burton hosts. (26 minutes)

Analysts cited long-term structural balance and high reserves in lifting S&P's outlook on the Golden State's AA-minus rating.