Public finance

While the 2020 number was down from the 2010 figure, it was still almost 10% greater than the Puerto Rico Oversight Board's estimate.

Data released Tuesday show an improving economy, which continues to stoke fears of impending inflation. Muni investors await New Jersey's $1.57 billion transportation deal.

Final payouts are approaching for $170 million of defaulted BHF bonds with haircuts ranging from less than 10% to more than 50%.

After statehood, Puerto Rico's legacy bonds would likely retain their current status, but analysts are mixed on how the market would receive new debt.

The dearth of supply will likely hold down rates and keep certain investors out of the muni market. High-yield municipal bonds, still the most in-demand sector, tightened again.

New York City's mayor cited roughly $15 billion in additional state and federal aid, improving COVID-19 statistics and the further lessening of restrictions in releasing his executive plan.

Milwaukee will offer investors its first green-designated bonds under its sewerage credit Tuesday and returns next week with a GO sale.

A year after the traditional May bond elections were canceled because of the coronavirus pandemic, Texans will consider bonds for local issuers, mostly schools.

Officials call it the first for any state revolving fund program in the country.

An interview with Kathy Wylde, President, Partnership for New York City

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.

If sales and use tax revenues surpass May 2020 expectations, some bondholders would see increased payments.

The bonds would include a subsidy rate of 28% and would be exempt from sequestration.

Mayor Jim Kenney called the latest rescue package the only funding source that can help with coronavirus-related revenue losses.

Refinitiv Lipper reported $1.889 billion of inflows, with $641 million in high-yield. Negotiated deals repriced to lower yields while competitive loan yields were compelling from New Jersey and Los Angeles USD.

Though Republicans and Democrats are far apart on the price tag, there is agreement on the need to invest in physical infrastructure and the need to pay for it.

Mayor Eric Garcetti wants to exponentially increase spending to reduce homelessness as reports emerge that previous efforts aren't keeping pace.

The rating agency's public finance housing group is now called the Community Development and Social Lending Group.

The PFC is capped at $4.50 and that hasn’t been raised since 2000.

Bond insurers grew their business in Q1 2021 to $8.497 billion from $4.826 billion in Q1 2020 as more investors demand and issuers purchase insurance for their deals in the COVID-19 era.