Public finance

Non-farm employment went up for three consecutive months.

Sub-1% 10-year municipals and low ratios may test investor appetite for the asset class but it is hard to ignore the strong fundamentals and substantial fund flows in the backdrop.

A VMT fee was also the consensus way to pay for infrastructure during a Senate EPW Committee hearing on Wednesday.

Four out of the six economic indicators released on Thursday surpassed expectations, with consumers tapping their savings to quench pent-up demand. U.S. Treasuries made gains but municipals stood on their own in an impressive two-day rally with insatiable demand.

The economy grew faster from late February through early April while consumer spending increased, with a possible rise in inflation in the near term, according to the Federal Reserve’s Beige Book released on Wednesday.

They say the bankruptcy judge should delay ruling on the relative priority of Puerto Rico's bonds until she deals with the central government plan of adjustment.

The P3 taxable deal aims to replace the state’s old, dilapidated and outdated jails with more modern alternatives in a bid to ease prison overcrowding and provide new services to inmates.

Ohio's Summa Health is selling $310 million of taxable corporate CUSIP debt Wednesday.

He starts next month a the new president and CEO of the Utah Housing Corp.

One-year municipal debt has fallen to record lows with benchmark yield curves at 0.05% and the 10-year muni has fallen below 1% while 30-year muni benchmark yields at or less than 10-year UST.

Recent budgetary and pension reports underscore how llinois must proceed with caution in spending $7.5 billion of federal aid.

Instead of trying to spend more within traditional programs, the federal government should design more modern policy, Brookings experts said.

Assured Guaranty and National Public Finance Guarantee reached a deal with the Oversight Board on repayment of $4.6 billion of revenue bonds.

Municipal bonds, issued by state and local governments, finance infrastructure investment and should be the foundation of any modernization package.

The commonwealth's largest public pension fund acknowledged an erroneous investment return that was just high enough to avoid triggering a teacher risk-sharing provision.

Roddy Devlin, a partner at Nixon Peabody, explores President Biden's $2.3 trillion bill, which he says "dwarfs anything we've seen for decades." Paul Burton hosts. (23 minutes)

Rating agency moves on credits across the spectrum are pushing spread-tightening in munis, but the broader economy is still two years away from pre-pandemic levels, according to Federal Reserve Bank of Boston President Eric Rosengren.

The deficit last month was $659.6 billion, the third-largest on record and biggest since last June.

OMB Acting Director Shalandra Young described the summary as “the administration’s proposal for topline FY 2022 discretionary funding.”

Chicago's investors will be on the hunt for answers to how the city intends to use federal dollars, including whether it's going to scrap scoop-and-toss plans and meet rising pension contributions.