Public finance

While municipals were little changed, broader markets remain focused on Jackson Hole and speculating what will be said about tapering.

John Ceffalio, Senior Municipal Research Analyst at CreditSights, talks with Chip Barnett about what to expect in the second half of the year. He discusses municipal bond market fundamentals, credit and climate disclosure. And he looks at the pandemic’s long-term risks for U.S. cities as the work-from-home culture becomes stronger and how higher education will cope with a new reality. (18 minutes)

U.S. Treasuries gave little direction Monday, holding ratios and yields steady, leading most participants to argue both are satisfactory to ride out the summer.

Community banks have played and will continue to play a key role in supporting local economies across the country. Join us in a lively conversation with Dennis E. Nixon, President & CEO of International Bank of Commerce (Laredo, Texas) & Chairman, International Bancshares Corporation and Eddie Aldrete, Senior Vice President at International Bank of Commerce as we discuss: (1) the need for bankers and the business community to become involved in political issues. From minimum wage and issues that affect small businesses to regulatory issues that directly affect the banking industry, banking and business leaders need to be thought leaders in the public conversation and (2) how bankers can play a pivotal advocacy role in the free trade process.

The MTA budgets 16 months for environmental review of the tolling project for Manhattan's central business district.

Despite a slowdown in June, long-term municipal bond volume is ahead of last year's record-breaking pace with more than $231 million in six months.

Municipal bond insurers are seeing the most business since the global financial crisis of 2008 crushed the sector.

Municipal bonds ended the week unchanged for the sixth consecutive trading session as inflows surged as more than $7 billion is headed to market next week.

Funding would be offered, perhaps for pensions, in exchange for a debt restructuring.

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

Issuers sold nearly $60 billion of debt as states, cities and agencies adjusted to the COVID-19 environment and other variables.

An influx of investment into high-yield munis has created challenges for fund managers forced to compete against each other to get in on new bond offerings.

Municipals were unchanged for the fourth consecutive day this week amid slight Treasury strength as demand for yield continued.

The governor and the legislature are at odds on how to make the increases, which could affect more than half of the workforce.

In California, some cities are contemplating desalination and other ways of increasing water supply as the the state prepares for a third year of drought.

Adovactes are hopeful a provision cutting in half the required PAB-financing for low-income housing projects will be in the upcoming reconciliation package.

Demand was brisk in the primary market while the short-term market traded sideways on the pressure from the heavy new issue calendar, the release of the FOMC minutes and Treasury auction.

The authority succeeded in selling unrated bonds to take out CCC-rated bonds.

Most recently, he was a principal investment officer and head of global equity at the Los Angeles County Employees Retirement Association, or LACERA.

The Puerto Rico Aqueduct and Sewer Authority sold $813 million of senior lien revenue bonds consisting of tax-exempt refunding, taxable refunding and forward delivery refunding bonds.