Public finance

Rep. Richard Neal, D-Mass., the committee chairman, also called for reviving direct-pay Build America Bonds.

The new-issue market came alive with two high-grade competitive loans and the speculative-grade Pacific territory pricing bonds to strong demand.

Federal aid and vaccine distribution boosted the city's finances and optimism for economic recovery, but uncertainty lurks at the national and state levels.

Tom Kozlik of Hilltop Securities explores federal guidance over rescue aid use, whether states and local governments are ready to allocate the funding, and how a "golden age" could loom for public finance. Paul Burton hosts. (20 minutes)

Reported savings from advance refundings make great headlines, but they come with a concealed opportunity cost: waiting with refunding until the call date is likely to be considerably more beneficial.

Price indexes in the latest New York manufacturing survey came in higher than expected, furthering inflation concerns.

The speaker of the territory's House of Representatives says its vote is controlling and the board will have to go to court to overrule it.

After facing outside economic data pressures and rising U.S. Treasuries, municipals ended the week on solid footing ahead of a larger calendar with newly upgraded Connecticut leading with $1 billion of exempt and taxable GOs.

The Harvey firefighters pension fund argues that the troubled city's share of American Rescue Plan funds should be subject to an intercept of state funds.

While traditional defined-benefit pension plans remain the prevailing model, at least 19 states have hybrids.

Proposed remedies were as varied as the candidates themselves as eight leading Democratic candidates jousted in a live televised debate.

The board is allowing the legislature an opportunity to give input even though the board retains control over the budget.

Refinitiv Lipper reported $750 million of inflows into municipal bond mutual funds for the week ending May 12 while high-yield funds saw $487 million of inflows.

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

Shea, a veteran of the municipal bond business, joins the insurer's board. She will serve on its audit and environmental and social responsibility committee.

A favorable response would enable pre-construction work for the long-awaited $11.6 billion upgrade of New Jersey-New York train tunnels.

While the pressure was on municipal yields, which rose two to four basis points, the Investment Company Institute reported another week of inflows, with $928 million coming into municipal bond mutual funds and another $285 million into ETFs.

The board also submitted an amended plan of adjustment and disclosure statement for the central government bond deal.

President Biden met Wednesday with top Republican and Democratic congressional leaders to discuss a bipartisan way forward on this issue.

Not only do government entities have new federal funds destined to reach them soon, but citizens also are supporting bond elections in record numbers.