Public finance

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.

Kentucky Gov. Andy Beshear talks with Chip Barnett about economic progress the Commonwealth has made this year and how the state-local government partnership strengthened during the pandemic. He describes the heartbreaking human cost of the virus, the deadly toll it took on residents and why the Delta variant is a continuing cause of concern. (14 minutes)

The underestimate came as the board was concerned about the impact of COVID-19 on the island's economy.

As New York City launched the first of its two-day retail order period on $1.039 billion of GO bonds, the market was uneventful ahead of $9.76 billion in the primary market this week

The House's powerful speaker will need to win the votes of moderates.

The taxable bonds will reduce the unfunded actuarial liability of, and employer contribution rates to, the Kansas Public Employees Retirement System.

Illinois hits the market over the next month with $500 million of new money and refunding bonds under its sales-tax backed Build Illinois bond program

The short end of the muni market saw trading of larger blocks at or below benchmarks but yield curves were little changed on a summer Friday.

Another replacement for exempt advance refundings, forward delivery bonds are attractive to issuers looking for savings and investors seeking incremental yield.

The ICE risQ social impact scores will let municipal bond investors compare which communities will be socially impacted the most by their investments.

Nine mayors from across the country backed House Speaker Nancy Pelosi’s double-barreled strategy to move infrastructure legislation.

The Rhode Island Infrastructure Bank will offer $128 million of state revolving fund revenue bonds, and RIHousing will sell $172 million of homeownership opportunity bonds.

Refinitiv Lipper reported $1.87 billion inflows. A solid demand component for the market, but some suggest the move into bonds from equities is more an asset reallocation than investors keen on fixed income.

A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

Another $2 billion-plus was reported flowing into municipal bond mutual funds in the latest week, continuing to be a supportive demand component for munis.

The increasing influence of institutional market participants is even stronger in the taxable muni sector, a Municipal Securities Rulemaking Board report finds.

The $1.4 billion seaport revenue refunding bond deal Wells Fargo will price next week will be the largest port transaction since the COVID-19 pandemic began.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott.

Municipals are tethered to Treasuries, more so in recent sessions, and have cheapened, but strong technicals — $18.5 billion of net negative supply and large reinvestment needs — still hang overhead.